Mkpoikana Udoma
Port Harcourt — Nigeria has sought for international support and investment in Nigeria’s economic reform agenda at the 2025 IMF-World Bank Spring Meetings currently holding in Washington, D.C.
This is as Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, is spearheading high-level engagements with global financial institutions including the International Monetary Fund IMF, World Bank, and International Finance Corporation, IFC.
According to the Minister, the country seeks to cement fiscal consolidation, scale social protection, and attract private capital into key sectors of the economy.
Speaking during a session focused on debt restructuring and inclusive development, Edun emphasised the government’s commitment to sustainable growth.
“We are focused on laying the foundation for long-term resilience — stabilising the economy, creating jobs, and ensuring our growth is inclusive. Nigeria is ready for business, and we’re here to forge partnerships that align with our national development priorities.”
Edun’s participation comes at a pivotal moment for Nigeria, following a year of tight monetary and fiscal reforms aimed at curbing inflation, unifying the foreign exchange market, and cutting unsustainable subsidies.
With signs of macroeconomic stability beginning to take hold, Edun said the administration is now pivoting toward accelerating economic expansion.
“It’s no longer about just stabilising the economy. We’re targeting rapid, inclusive growth that lifts millions out of poverty and strengthens our middle class,” Edun added during a roundtable on climate finance and energy transition.
Nigeria is also seeking support for its ambitious energy transition and climate adaptation plans, leveraging global climate finance mechanisms to catalyse infrastructure development and renewable energy deployment.
The meetings, which gather finance ministers, central bank governors, development partners and private investors from around the world, are seen as a critical opportunity to reinforce Nigeria’s international standing and secure the technical and financial backing required to implement its reform agenda.
The Nigerian delegation includes senior officials from the Ministry of Finance, Budget and National Planning, the Central Bank of Nigeria, and Nigeria’s multilateral finance agencies.
“We’re fully aligned on our strategy. The private sector is key to unlocking Nigeria’s economic potential. What we need now is global confidence and targeted investment,” Edun told a group of investors during bilateral discussions.
The week-long engagements are expected to shape Nigeria’s medium-term economic direction and strengthen relationships with key development partners.
