Nigeria recorded improvements in key macroeconomic indicators, stronger growth performance, Edun

Nigeria recorded improvements in key macroeconomic indicators, including stronger growth performance and declining inflation, the outgone Minister of Finance and Coordinating Minister of the Economy, Wale Edun has said.

This is contained in a statement issued by Edun, in Abuja, reflecting on his roles across different stages of the President Bola Tinubu administration’s economic management team since May 2023.

Edun attributed the improvements in key macroeconomic indicators to reforms designed to restore investor confidence and improve policy coordination.

“I am proud of what we achieved alongside colleagues in the Federal Executive Council, state governors, partners in the public and private sectors, and the many dedicated professionals whose work continues to support the nation’s economic transformation,” he said.

Edun emphasised that while significant progress had been made, the reform process remained ongoing, adding that the foundations for long-term and inclusive growth had been strengthened under the current administration.

He also expressed appreciation to domestic and international stakeholders for their support, engagement and collaboration throughout his time in office.

According to him, economic reform is a continuous process that requires consistency and patience, stressing that Nigeria remains on a positive trajectory despite ongoing challenges.

He expressed gratitude to Tinubu for the opportunity to serve in his administration.

“I remain optimistic about Nigeria’s trajectory. I wish my successor and the entire government the very best as they continue the work of improving the lives of Nigerians,” he added.

The minister further reaffirmed his continued commitment to national service and support for the administration’s economic agenda, noting that public service remains a lifelong responsibility.

Our correspondent reports that the Tinubu on Tuesday approved a minor cabinet reshuffle.

Edun and the Minister of Housing and Urban Development, Umar Dangiwa were affected in the cabinet reshuffle.

The Secretary to the Government of the Federation, Sen. George Akume announce this development in a memo.

Taiwo Oyedele, who previously served as Minister of State for Finance, was asked to take over from Edun as Minister of Finance and Coordinating Minister of di Economy.