NIGERIA’S Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that the Federal Government’s ongoing economic reforms are focused on driving inclusive growth and creating employment opportunities for young people, particularly through digital work.
Edun made this known while speaking at Nigeria House during the recently concluded 2026 World Economic Reforms meeting in Davos.
He outlined the government’s reform priorities, highlighting fiscal responsibility, macroeconomic stability, and efforts to build a predictable and investor-friendly business environment.
Nigeria House, which serves as a strategic hub for engagement and investment discussions at the World Economic Forum, was described as part of the country’s broader effort to position itself as a competitive destination for long-term, sustainable investment in a volatile global economy.
According to a statement released by the Ministry of Finance’s Director of Information and Public Relations, Osagie Jacobs, the minister noted that Nigeria has made notable progress in strengthening manufacturing value chains, supporting Micro, Small and Medium Enterprises (MSMEs), and expanding access to energy.
Edun further explained that the country has transitioned from a phase of economic stabilisation to consolidation, embedding reforms aimed at promoting private-sector-led growth, strengthening institutions, and rebuilding investor confidence.
His remarks followed a recent International Monetary Fund (IMF) assessment indicating that Nigeria’s macroeconomic stabilisation measures are beginning to yield positive outcomes.
In its January 2026 World Economic Outlook Update, the IMF revised upward its growth projections for Sub-Saharan Africa, citing Nigeria among economies where recent policy adjustments are improving growth prospects.
The minister also noted that under the national bio-economy policy, the government remains committed to advancing a circular economy that extends beyond ethanol production and use.
Represented at the event by the Director of Economic Growth at the Federal Ministry of Budget and Economic Planning, Auwal Mohammed, Edun highlighted plans to develop the full bio-economy value chain — from agricultural inputs and industrial processing to carbon capture and the production of animal feed from distillery by-products.
He added that the initiative will leverage a Triple-Helix partnership model involving government, industry, and academia to drive innovation, investment, technology adoption, and market access.