Edun Urges Sustained Private Investment as World Bank Hails Nigeria’s Economic Progress

Edun Urges Sustained Private Investment as World Bank Hails Nigeria’s Economic Progress

JOEL OLADELE, Abuja

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reaffirmed the government’s commitment to private-sector-led growth, as the World Bank on Monday launched its latest Nigeria Development Update (NDU) themed “Building Momentum for Inclusive Growth.”

Edun described the Bank as “a tremendous development partner, praising its technical support and concessional financing via the International Development Association.

“We’d like them to continue and to give us more of that to boost us on our way,” he said.

The Minister highlighted progress on fiscal transparency and renewed investor interest across key sectors, stating, “It is investment that grows the economy, creates high-quality jobs, and lifts Nigerians out of poverty in their millions.”

The World Bank projected 3.6% growth in 2025, citing Nigeria’s strongest economic performance in a decade, improved revenue mobilisation, and rising foreign reserves. “There is a lot to be positive about on Nigeria,” said Acting Country Director Taimur Samad, while calling for continued monetary discipline to curb inflation.

The NDU is the Bank’s flagship economic report, published twice a year to support evidence-based policymaking.