As Africa’s largest economy stands at the cusp of a new era of growth and development, one question that looms large is whether Nigeria was ready to unlock its vast potential and become the continent’s premier investment destination.
A significant step towards answering this question was taken today, as the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, met with a delegation of investors led by Bank of America (BoA) to discuss the country’s macroeconomic outlook and fiscal trajectory.
The meeting, which was held in his office in Abuja, underscored the country’s compelling economic growth story. During the meeting, the Honourable Minister highlighted key economic reforms, including market-driven foreign exchange and PMS pricing, which have boosted petroleum production, improved investment appeal, and generated substantial fiscal savings.
He reassured investors that Nigeria’s economy is on a steady growth path, with easing inflation, stabilising prices, and strengthening fiscal sustainability—reinforcing confidence in the country’s investment climate.
Speaking earlier on behalf of the delegation, Tatonga Rusike acknowledged the reduction in Nigeria’s budget deficit and commended the country’s economic progress, noting that policy reforms and fiscal discipline have enhanced investor confidence in the country’s long-term growth potential.
1. John Berry-Investment Manager at Baillie Gifford
2. Ulla Huotari- Aktia Bank
3. Tatonga Rusike- Director Sub-Saharan Africa Economist, Bank of America
4. Wale Edun-Honorable Minister of Finance and Coordinating Minister of the Economy
5. Sanyade Okoli- SAP on Finance and Economy
6. Fred Binka-Head of Africa Corporate and Sovereign Investments at Farallon Capital
As Nigeria continues on its trajectory of economic growth and reform, this meeting marks 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.
Signed
Mohammed Manga FCAI
Director, Information and Public Relations
March 6, 2025
