ABUJA, Nigeria (BG) – Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reaffirmed the country’s commitment to private sector-led economic growth, highlighting the role of the International Finance Corporation (IFC) in driving investment across key sectors.
Speaking at a World Bank event on Thursday, Edun praised the IFC’s support in agriculture, infrastructure, and energy, stressing that such partnerships are vital for economic stability and job creation.
The IFC and the World Bank launched the Nigeria Country Private Sector Diagnostic on Thursday, emphasizing transformative investment opportunities in ICT, pharmaceuticals, green energy, and agriculture.
“Boosting private investment can pave the way for a brighter economic future in Nigeria,” Sergio Pimenta, IFC vice president for Africa, posted on X, formerly Twitter.
Edun noted that recent reforms, including subsidy removal and increased production, have strengthened public finances and improved the investment climate.
Acknowledging the impact of higher living costs, Edun assured that boosting food security and expanding financial support for vulnerable Nigerians remain top priorities.
Edun also thanked the IFC and other development partners for their continued role in Nigeria’s economic transformation.
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets.
