…Says $23bn rise in external reserve restores investors confidence
By Dele Ogbodo
The Federal Government’s commitment to economic reform and development took center stage on Monday as the Federal Ministry of Finance held its Citizens and Stakeholders Engagement on the Implementation of Presidential Priorities and Ministerial Deliverables for second quarter of 2025 in Abuja.
The Minister supervising the Ministry, Mr. Wale Edun, said the quarterly engagement is primed to foster transparency, accountability, and inclusive growth, providing a platform for stakeholders to engage with the Ministry on its progress and challenges.
Edun, while highlighting the importance of the meeting said it provided a comprehensive update on the implementation of presidential priorities and ministerial deliverables.
He outlined progress across key reform pillars, stabilising foreign exchange markets, expanding fiscal revenues, driving industrial investment, and improving social outcomes for Nigerians.
“We are now in the third phase of our reform agenda, focused on accelerating investment-led growth that delivers jobs, reduces inflation, and lifts millions out of poverty.” the Minister said
He added that: “Our trajectory is clear: from macro-economic correction to national transformation.”
The Minister cited a substantial rise in external reserves, from under $4 billion to over $23 billion, and noted renewed investor confidence, evidenced by credit rating upgrades and major energy investments.
Speaking at the event, the Minister of State for Finance, Dr. Doris Uzoka-Anite underscored the importance of stakeholder engagement in delivering reform dividends, adding: “This platform enables citizens and the private sector to hold us accountable while shaping a more responsive and transparent economy,.” she said.
She assured of the Ministry’s dedication to delivering on its mandate through effective policy implementation and stakeholder engagement with a view to driving economic growth and development that is equitable and sustainable.
The Permanent Secretary, Special Duties, at the Ministry, Mr. Raymond Omachi, added that institutional collaboration and disciplined execution remain critical to sustaining reform momentum:
He said: “We are working across ministries and agencies to ensure that reforms are not just announced, but effectively implemented with measurable impact.”
The event drew participation from industry leaders, civil society organisations, and development partners.
The second quarter 2025 Citizens and Stakeholders’ Engagement Session marked a significant step towards achieving the Federal Government’s economic objectives.
With a clear roadmap for investment-led growth and a commitment to transparency and accountability, the Ministry of Finance is poised to drive meaningful progress and deliver tangible benefits to Nigerians.
