Nigeria’s Finance and Coordinating Minister of the Economy, Wale Edun, reaffirmed the government’s commitment to its ambitious reforms in the foreign exchange and oil sectors, insisting that there would be no reversal of these policies. Edun’s statements came during his recent meeting with Doris Uzoka Anitez, the newly appointed Minister of State for Finance, at the ministry’s headquarters on Monday.
According to Edun, Nigeria’s shift to a market-driven foreign exchange rate and deregulated oil pricing—reforms introduced by President Bola Tinubu—are essential measures long overdue. He described the changes as a foundation for economic growth, pledging that they would boost productivity, create jobs, and help alleviate poverty across the nation.
“We now have a market-based foreign exchange rate and deregulated oil prices, two critical reforms long overdue over many decades,” Edun stated. “Standing at the threshold of a new dawn, we are implementing these reforms with the aim to increase productivity, create jobs, and reduce poverty. We are pleased to have Minister Uzoka Anitez join us in actualizing the President’s vision.”
Edun emphasized that ongoing collaboration between public and private sectors is vital for the reforms to succeed, noting that the policies are already showing signs of sustainability and success. Minister Anitez echoed this commitment, expressing her intent to work closely with stakeholders across sectors to achieve the government’s economic goals.
