Nigeria's Ministry of Finance published a readout from the Nigeria Investors Forum, held alongside the 2025 World Bank Group/International Monetary Fund Annual Meetings in Washington, DC, where senior officials outlined progress on reforms and recent macro-financial indicators aimed at supporting foreign investment. The update highlighted the Central Bank of Nigeria’s external reserves position and reported improvements in foreign exchange market activity. Central Bank Governor Olayemi Cardoso cited external reserves of USD 43.4bn, described as the highest level in five years, and said the Central Bank and the Ministry of Finance are working together to provide alignment and clarity for investors. Deputy Governor Mohammed Abdullahi reported that monthly foreign exchange market turnover rose by 56.4% to USD 8.6bn in 2025 and that average net flows between January 2023 and July have doubled. Presidential Special Adviser Sanyade Okoli reiterated a target of 7% economic growth by 2027-2028, alongside forecasts of 4% growth in 2025 and around 5% in the following year, and pointed to sectoral growth in Q2 and a reduced oil share in exports and GDP.
Ministry of Finance (Nigeria) 2025-10-15
Nigeria's Ministry of Finance highlights reform agenda to investors citing USD 43.4bn reserves and higher FX market turnover
Nigeria's Ministry of Finance reported progress on reforms and macro-financial indicators at the Nigeria Investors Forum, highlighting the Central Bank of Nigeria's external reserves at USD 43.4bn, the highest in five years. Monthly foreign exchange market turnover increased by 56.4% to USD 8.6bn in 2025, with average net flows doubling between January 2023 and July. The government targets 7% economic growth by 2027-2028, forecasting 4% growth in 2025 and around 5% the following year.