By NEWSCOUNT Desk
Nigeria’s Minister of Finance, Taiwo Oyedele, has highlighted a decline in inflation to 14.63 per cent, an increase in external reserves to $55 billion and a projected economic growth rate of 4.3 per cent in 2026 as indicators of progress under the Federal Government’s economic reform programme.
Oyedele presented the figures while outlining Nigeria’s economic outlook and reform agenda at Chatham House in London, where he discussed the progress recorded so far and the government’s plans to ensure that economic improvements translate into better living conditions for Nigerians.
He acknowledged that macroeconomic stability alone would not be enough to establish the success of the reforms, stressing that their real impact should be measured by improvements in the lives of ordinary citizens, businesses and households.
According to him, the government’s priority is to create conditions in which families can afford food, businesses can expand, young Nigerians can secure decent employment, and citizens can access quality healthcare, education and other economic opportunities.
The minister said the next phase of the reform programme would focus on converting growing investor confidence into capital inflows, investments into job creation, and economic growth into higher incomes that outpace rising prices.
He also emphasised the importance of credible, consistent and transparent government policies in attracting investors, noting that investment decisions depend on the availability of opportunities and fair treatment of businesses.
“Our responsibility is to make Nigeria that destination and keep it that way,” Oyedele said, making a case for sustained policy consistency and an investment climate capable of supporting long-term economic activity.
