The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured Nigerians that the country’s economy has turned the corner.
He stated that in an opinion released on Sunday titled “Nigeria turning towards prosperity”, reassuring the citizens that the worst days were over.
“Despite some historical shortfalls and present-day challenges, I believe the most difficult phase of our economic journey is behind us. Nigeria has turned a decisive corner. The road ahead will demand hard work and discipline, but we are firmly on the right path,” Edun asserted.
According to the minister, when President Bola Tinubu took office in 2023, the country’s economy was on the brink of fiscal collapse.
“Slowing growth, surging inflation, and market distortions like the fuel subsidy and multiple exchange rate regimes had created an environment that scared off investment. The President’s mandate was clear – dismantle those market distortions, reward productivity, and create a climate where private investment can thrive.
“Two years later, the results are evident at the macro level. GDP grew by 4.23 per cent in the second quarter of 2025. Inflation, while still high, has moderated to 18.02 per cent after six consecutive months of decline.”
