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Nigeria’s Economy Is Expanding As Finance Minister Showcases Progress To First Abu Dhabi Bank Delegation

February 7, 2025
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The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has affirmed that Nigeria’s economy is experiencing steady growth, presenting promising investment opportunities.

Speaking in Abuja on Thursday during a meeting with a high-level delegation from First Abu Dhabi Bank, led by the Group Head of Investment Banking, Martin Tricaud, Edun highlighted the country’s ongoing economic transformation.

He pointed to major reforms over the past 18 months, including market-driven pricing for foreign exchange and petroleum, increased trade facilitated by the African Continental Free Trade Area (AfCFTA), and stronger revenue generation from both oil and non-oil sectors. These measures, he explained, have contributed to economic stability, improved GDP growth, and a stronger trade balance.

The Minister reiterated the government’s commitment to fostering economic expansion and attracting global investors, with a particular focus on food production and long-term economic resilience. The discussions with First Abu Dhabi Bank mark a significant step toward strengthening Nigeria’s economic partnerships and unlocking new opportunities for investment, job creation, and sustainable development.

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