By Muhammad Mamman
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured citizens that the country has moved past the worst phase of its economic challenges, signalling the beginning of a gradual but steady recovery.
Speaking during an economic policy forum in Abuja, Edun stated that the federal government’s recent reforms — though painful — are beginning to yield results, with key indicators showing signs of improvement.
“Nigeria has endured difficult months, no doubt,” the minister said. “But the worst is now behind us. The economy is stabilising, inflation is slowing, and investor confidence is gradually returning.”
Edun highlighted several government measures aimed at restoring fiscal balance, including subsidy removal, exchange rate unification, and renewed efforts to attract foreign investment. He noted that these policies, while initially tough on citizens, were essential to laying the groundwork for long-term growth.
According to him, the administration is now focusing on expanding local production, boosting agriculture, and supporting small and medium-sized enterprises to drive inclusive growth and job creation.
Economists, however, remain cautious. While acknowledging early signs of recovery, some analysts warn that high living costs, unemployment, and currency instability continue to weigh heavily on households and businesses.
Despite these challenges, Edun reiterated the government’s commitment to building a stronger and more resilient economy that works for all Nigerians.
“Our goal is to ensure that every Nigerian begins to feel the impact of these reforms in their daily lives,” he added.
