Nigeria Reaffirms Commitment to Economic Reforms at G20 Investment Dialogue
Nigeria has reiterated its dedication to implementing sustained economic reforms, as evident from the recently concluded G20 Investment Dialogue in Johannesburg. The country’s Finance Minister, Wale Edun, addressed global investors and South African business leaders, highlighting the progress made in restoring macroeconomic stability and creating a more predictable environment for private capital.
The minister noted that Nigeria’s GDP growth has strengthened to 4.23 percent in the second quarter of 2025, while inflation has begun to moderate. The country’s external reserves have also increased, reaching $46.3 billion. The growth is now more broad-based, driven by key sectors such as telecommunications, trade, construction, rail, electricity, and refining.
According to Minister Edun, the reforms are designed to accelerate private-sector-led growth, making Nigeria an attractive destination for investors. “The message to investors is clear: Nigeria is not only open for business, but it is also reforming to accelerate private-sector-led growth,” he stated. This assurance is expected to boost investor confidence and attract more foreign investment into the country.
Nigeria’s participation in the G20 Investment Dialogue demonstrates its commitment to engaging with the global community and showcasing its economic potential. The country’s economic reforms aim to create a favorable business environment, characterized by stability, predictability, and opportunities for growth. As Nigeria continues to implement these reforms, it is likely to become a more competitive player in the global economy.
The G20 Investment Dialogue provides a platform for countries to share their experiences and best practices in promoting economic growth and development. Nigeria’s active participation in this forum underscores its willingness to learn from others and adopt strategies that can help drive its economic progress. With its rich natural resources, large market, and strategic location, Nigeria is well-positioned to become a major economic powerhouse in Africa and a significant player in the global economy.
