Mkpoikana Udoma
Port Harcourt — The Federal Government of Nigeria has reaffirmed its commitment to private sector-led economic growth, emphasizing the International Finance Corporation’s, IFC, role in driving investments across agriculture, infrastructure, and energy.
Speaking at a World Bank event, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, described IFC’s support as crucial to economic stability and job creation.
Edun highlighted recent economic reforms, including fuel subsidy removal and increased production, as measures that have strengthened public finances and improved the investment climate.
“We recognize the private sector as the engine of growth, and IFC’s investment in key industries is helping to unlock Nigeria’s economic potential,” he stated.
While acknowledging the rising cost of living, Edun reassured Nigerians that the government remains committed to boosting food security and expanding financial support for vulnerable citizens.
“We understand the economic pressures Nigerians face, and we are committed to ensuring food security while providing targeted support to those most in need,” he said.
The Minister also expressed gratitude to IFC and other development partners for their ongoing role in Nigeria’s economic transformation, reinforcing the government’s focus on creating a business-friendly environment that encourages sustainable private sector growth.
