The ministry of finance says Wale Edun, the minister, met with a delegation from the Bank of America (BoA) to discuss Nigeria’s macroeconomic outlook and fiscal trajectory.
The high-level meeting, held in Abuja, focused on Nigeria’s ongoing economic reforms and investment climate, according to a statement by Mohammed Manga, ministry’s director of information and public relations, on Thursday.
The ministry said the meeting was a crucial milestone in the country’s quest to attract foreign investment, drive sustainable development, and cement its position as a key player in the global economy.
“With its commitment to policy reforms and fiscal discipline, Nigeria is poised to unlock its full potential and become a hub for business and investment in Africa,” the statement reads.
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Speaking at the meeting, Edun was said to have highlighted key policy measures, including market-driven foreign exchange (FX) and petrol pricing, “which have led to increased petroleum production, improved investor appeal, and significant fiscal savings”.
The ministry said he assured investors that Nigeria’s economy is on a path of steady growth, with inflation easing, prices stabilising, and fiscal sustainability strengthening.
On his part, Tatonga Rusike, who led the BoA delegation, commended Nigeria’s economic progress, noting that recent policy reforms and fiscal discipline have enhanced investors’ confidence in the country’s long-term growth potential.
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On January 21, the Central Bank of Nigeria (CBN) CBN said Nigeria’s gross domestic product (GDP) is projected to grow at 4.17 percent.
Last month, the National Bureau of Statistics (NBS) said the nation’s annual GDP rate grew by 3.84 percent in the fourth quarter (Q4) of 2024.
The NBS said the growth rate was higher than the 3.46 percent recorded in Q3 2024.
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