Nigeria's Finance Minister assures investors of consistent economic reforms

Nigeria's Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has assured investors that the Federal Government will maintain its ongoing economic reforms, emphasizing policy consistency as central to Nigeria’s economic management. Speaking at the launch of the Nigerian Economic Summit Group Private Sector Outlook 2026 in Lagos, Oyedele stated that the administration is not looking back on its reform agenda and that consistency is critical for investor confidence. He warned against mixed signals or abrupt policy reversals, noting that businesses require certainty. Oyedele, who assumed office recently, indicated a shift from a stabilization phase to one focused on measurable growth, where reforms will be assessed by outcomes like job creation and improved living standards. He identified key priorities for investment, including policy consistency, predictability in fiscal and regulatory frameworks, reduced cost of doing business, and improved access to capital. The minister also highlighted efforts to expand credit across the economy and stressed the need for stronger real GDP per capita growth to combat poverty. While acknowledging risks such as reform fatigue, inflationary pressures, and political tensions, Oyedele expressed confidence in managing these challenges through discipline and cooperation, stating that the current phase demands focus, consistency, and accountability.