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Nigeria’s economy on recovery path -Edun - THE SUN

JANUARY 22, 2025

From Adanna Nnamani, Abuja

Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has stated that the country’s economy is making significant strides in recovery and growth.

span class="Apple-converted-space">  in Abuja on Monday during the 2025 budget defence before the Senate Committee on Finance.

Edun highlighted the broad impact of the reforms to include the liberalisation of the foreign exchange market, deregulation of petroleum pricing, and the expansion of domestic refining capacity.

He explained that these measures are driving fiscal stability, reducing inefficiencies, and creating a more sustainable economic framework.

He emphasised the government’s commitment to infrastructure development, particularly in digital networks and energy, to improve productivity and attract private sector investments.

The Senate Committee on Finance approved the Ministry’s N38 billion 2025 budget, while commending the Ministry’s leadership for its commitment to fiscal discipline and economic recovery.


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