Nigeria’s ambitious economic reforms coupled with a stabilizing macroeconomic landscape are capturing growing global interest, with investors and development agencies alike applauding the nation’s impressive progress, according to Dr. Doris Uzoka-Anite, Nigeria’s Minister of State for Finance.
Addressing an investor forum held alongside the IMF/World Bank Annual Meetings, Uzoka-Anite highlighted Nigeria’s engagement as both dynamic and influential, emphasizing that the event served as an ideal stage to highlight the country’s swiftly advancing economic achievements.
“With our macroeconomic conditions now steady and growth on an upward trajectory, imf-reviews-nigerias-2025-gdp-forecast-projects-3-4-growth/” title=”… reviews Nigeria’s 2025 GDP forecast, projects 3.4% …”>capital inflows are unhindered, and profit repatriation faces no foreign exchange barriers. Investor confidence is on the rise,” she remarked. “There is growing interest in Nigeria’s re-entry into the Eurobond market, which is a clear indicator of trust in our economic stability.”
She attributed these swift reforms to the visionary guidance of President Bola Ahmed Tinubu, noting that the initiatives have already yielded tangible results. “Our bold policy changes over the past two years have earned commendations from institutions like the IMF and World Bank, and we are witnessing real economic expansion,” Uzoka-Anite stated.
She pointed out that economic growth is now outstripping population increases, while inflation has dipped below 20 percent for the first time in over half a decade, and foreign exchange market fluctuations are diminishing. “The naira is strengthening, manufacturers are offering more competitive pricing, and non-oil exports are on the rise. Our foreign reserves have climbed beyond $42 billion, representing solid assets rather than borrowed funds.”
“These reforms extend beyond mere statistics; they are creating employment opportunities, enhancing social programs, reducing operational costs for businesses, and facilitating more affordable access to capital for Nigerians,” Uzoka-Anite explained, adding that the Central Bank’s recent decision to cut interest rates further supports this positive momentum.
