Close Menu
The Reporters
  • Home
  • News
  • Politics
  • Crime
  • Health
  • Features
  • Economy
  • Environment
  • Entertainment
  • Business
  • Technology
  • Education
  • Sports
  • Tourism
  • Judiciary
  • Judiciary
  • Foreign
  • Agriculture
  • Religion
  • Weather
  • Banking
  • Labour
  • Faith
  • Advertisment
Facebook X (Twitter) Instagram
  • Home
  • Lifestyle
  • Travel
  • Buy Now
Facebook X (Twitter) Instagram Pinterest Vimeo
The Reporters
  • Home
  • News
  • Politics
  • Crime
  • Health
  • Features
  • Economy
  • Environment
  • Entertainment
  • Business
  • Technology
  • Education
  • Sports
  • Tourism
  • Judiciary
  • Judiciary
  • Foreign
  • Agriculture
  • Religion
  • Weather
  • Banking
  • Labour
  • Faith
  • Advertisment
Subscribe
The Reporters
Economy

Edun, Gopinath Brainstorm on Nigeria’s Economic Reforms To Spur Growth

AdminBy AdminMarch 5, 2025Updated:March 5, 2025No Comments2 Mins Read
Spread the love

By Barth Ikiebe in Abuja.


In a significant step towards strengthening Nigeria’s economic ties with the global community, the Finance and Coordinating Minister of the Economy, Mr Wale Edun, met with the First Deputy Managing Director of the International Monetary Fund (IMF), Gita Gopinath, in Abuja.

The high-level discussions focused on economic reforms, private sector investment, and Nigeria’s engagement in global financial affairs.

Mr Edun outlined Nigeria’s efforts to enhance social investment programmes, noting that the government is transitioning to a biometric-based, transparent system to improve efficiency and accountability.

He stated that the government is also advancing tax reforms, revenue assurance mechanisms, and digitalisation to strengthen domestic resource mobilisation. Additionally, crude oil production has increased from 1.2 million to 1.7–1.8 million barrels per day, significantly boosting national revenue.

Highlighting the role of private sector investment, the Minister emphasised policy shifts aimed at expanding renewable energy, improving the investment climate for solar, and promoting service exports.

Mr Edun also addressed electricity sector reforms, advocating for expanded metering to enhance efficiency.

On the international front, discussions focused on Nigeria’s participation in global financial policy and efforts to secure fairer and improved credit ratings for African economies. Edun stressed that enhancing fiscal data transparency could strengthen Nigeria’s credit profile, attract investors, and reduce borrowing costs.

Speaking earlier, the First Deputy Managing Director of the International Monetary Fund (IMF), Gita Gopinath acknowledged the economic challenges facing Nigeria and underscored the importance of targeted social interventions.

“We discussed Nigeria’s outlook and efforts to address the high cost of living, including the need to accelerate social support,” she stated,

Gopinath reaffirmed the IMF’s commitment to supporting sustainable economic policies.

Building on the productive discussions held during the meeting, Nigeria reaffirms its commitment to pursuing economic stability, investment-friendly policies, and deeper regional trade integration, paving the way for sustainable growth and prosperity.

Visited 33 times, 1 visit(s) today
Previous ArticleNiger Community Cries Over Extreme Water Crisis, Calls for Governor’s Intervention
Next Article Lokoja Residents Seek Shade as Intense Heatwave Strikes
Admin

Related Posts

Customs Intercepts 13.6 kg of Dried Donkey Skin Worth N3.6bn in Imo

June 24, 2025

FG Unveils Roadmap for Investment-Driven Growth at Stakeholders’ Forum

June 24, 2025

Economic reforms:TMSG lauds Tinubu’s resilience, urges him to stay on

June 21, 2025

Leave A Reply Cancel Reply

Recent Posts
  • Ahead of Heavy Rains, N-HYPPADEC Clears Drains in 7 LGAs in Kogi
  • Kogi Chief Judge Seeks Stronger Police-Judiciary Collaboration for Justice Delivery
  • Summit University, Offa Calls for Applications to Prestigious IFF Professorial Chair in Accounting
  • Kogi Becomes First State to Launch Ease of Doing Business Handbook — Ododo
  • Kogi Trains Over 2,000 Youths in CNG Conversion to Tackle Unemployment, Boost Clean Energy
© 2025 The Reporters. Designed by Domo Tech Media .
  • Home
  • Contact Us
  • About Us
  • Posts
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.