Nigeria's Ministry of Finance, through newly appointed finance minister and Coordinating Minister of the Economy Taiwo Oyedele, used the launch of the Nigerian Economic Summit Group’s Private Sector Outlook 2026 to reaffirm that the government will sustain reforms implemented in recent years and shift the economic agenda from stabilisation to measurable growth outcomes. Oyedele framed the next phase around four investment enablers: policy consistency, greater predictability across tax and trade policy, foreign exchange rules and regulatory processes, a lower cost of doing business by addressing issues such as multiple taxation, logistics and supply-chain bottlenecks, energy constraints and regulatory overlaps, and improved access to capital through stronger domestic capital markets, credit access and long-term financing structures for infrastructure and industry. He cited early signs of stabilisation, including a more aligned exchange rate environment, improving revenue performance and clearer policy direction, while arguing that success will be judged by outcomes such as investment at scale, job creation, productivity gains and living-standard improvements, with emphasis on productivity in sectors including agriculture, manufacturing, the digital economy and energy.
Ministry of Finance (Nigeria) 2026-04-24
Nigeria's Ministry of Finance pledges no reversal of recent reforms and targets 4% to 5% real GDP per capita growth
Nigeria’s Ministry of Finance, through Coordinating Minister of the Economy Taiwo Oyedele, signalled a shift in the economic agenda from stabilisation to measurable growth while committing to sustain recent reforms. The next phase will focus on four investment enablers: policy consistency and predictability, lower cost of doing business, improved access to capital, and a more coherent regulatory and foreign exchange environment, with success measured by investment, job creation, productivity gains and living-standard improvements.