Nigeria’s Ministry of Finance published remarks by Finance Minister and Coordinating Minister of the Economy Wale Edun at the close of the 2025 IMF and World Bank Spring Meetings, outlining the Federal Government’s aim to achieve single-digit inflation and create large numbers of jobs as it continues its reform programme. Edun linked the jobs objective to investment in infrastructure including digital connectivity, access to data and fibre optic networks, alongside efforts to crowd in private sector investment and strengthen domestic revenue mobilisation. He also described the budget as a statement of intent that must be recalibrated to reflect realities and available resources, and said international partners had recognised Nigeria’s fiscal, monetary and structural reforms as being on track. Central Bank of Nigeria Governor Olayemi Cardoso reinforced the monetary policy objective of bringing inflation down to single digits over the medium term and cited a recent investment forum at the Nasdaq Market Site as an indicator of growing investor interest.
Ministry of Finance (Nigeria) 2025-04-26
Nigeria’s Ministry of Finance reiterates target of single-digit inflation and large-scale job creation following the 2025 IMF and World Bank Spring Meetings
Nigeria’s Ministry of Finance, led by Finance Minister Wale Edun, aims to achieve single-digit inflation and job creation through infrastructure investment and private sector engagement. The budget will be adjusted to align with current realities, and international partners have acknowledged Nigeria's reform progress. Central Bank Governor Olayemi Cardoso emphasized the commitment to reducing inflation and noted increased investor interest.