Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, presented the country’s economic transformation over the past 18 months during a meeting with a delegation from First Abu Dhabi Bank and Turkish Embassy representatives. The group, led by the bank’s Group Head of Investment Banking, Martin Tricaud, explored investment opportunities and potential partnerships.
During the meeting, Edun highlighted the country’s key economic reforms, including the introduction of market-driven pricing for foreign exchange and petroleum. He also noted the growth in trade through the African Continental Free Trade Area (AfCFTA) and improvements in Nigeria’s revenue generation from both the oil and non-oil sectors.
Edun emphasized that these reforms have been instrumental in stabilizing the Nigerian economy, boosting the country’s GDP growth, and improving the trade balance. He reassured the delegation of the government’s commitment to strengthening Nigeria’s economic position on the global stage.
The minister also addressed efforts to enhance food production and make it more affordable, which he identified as crucial for ensuring long-term economic resilience. This focus aligns with the government’s broader vision to promote sustainable economic growth.
On the same day, Turkish Ambassador to Nigeria, His Excellency Hidayet Bayraktar, led a separate delegation to meet with Edun. The Turkish delegation expressed interest in deepening bilateral economic relations through trade and investment. In response, Edun reiterated the Nigerian government’s support for foreign businesses and its commitment to fostering a business-friendly environment, particularly under the Renewed Hope Agenda.
Source: THE NATION