The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that Nigeria’s economy is now at a new threshold to attract investments.
Speaking yesterday while welcoming the Minister of State for Finance, Doris Uzoka-Anite, who assumed office at the ministry, in Abuja, Edun said that the two reforms (removal of fuel subsidy and the market determined foreign exchange rate) had opened the Nigerian economy to the investors.
He stated: “All will be well as we go forward together to help complete the on-going economic reforms which are showing sustainability and signs of success.
“We do have for the first time in decades, the foreign exchange rate that is market-based, we do have market pricing of petroleum products. Those are the two fundamental reforms that were necessary and long over-due that Mr. President had the courage and boldness and dexterity socially and politically to implement and the determination to keep them implemented.
“So we stand on a threshold of a new dawn in terms of the ability of the economy to attract investment thereby increasing productivity, growing the GDP, creating jobs and reducing poverty.”
