Foreign investors express confidence in Nigeria’s economic reforms 

Emma Ujah, Abuja Bureau Chief

Washington DC- Foreign investors person expressed assurance successful the Nigeria’s ongoing economical downturn connected reforms. 

Various speakers astatine the Nigeria Investors Forum held connected the sidelines of the 2025 WBG/IMF Annual Meetings successful Washington D.C., yesterday, said they were encouraged by the reforms which unified the overseas exchange markets, providing greater transparency successful the sector.

The Central Bank Governor and person of the Nigerian delegation to the meetings, Mr. Olayemi Cardoso assured investors of the government’s committedness to advancing reforms and unlocking opportunities for sustainable concern and growth. 

The Minister of State for Finance, Dr. Doris Uzoka-Anite was among the apical authorities officials who joined Mr. Cardoso astatine the event, organised for enactment with overseas investors connected the committedness of President Bola Ahmed Tinubu-led Administration to creating an enabling situation for overseas investment.

The CBN Governor highlighted the country’s robust economical fundamentals, citing the $43.4 cardinal successful outer reserves, the highest level successful 5 years. 

“The Central Bank and the Ministry of Finance person been moving manus successful manus to guarantee alignment, stability, and clarity for investors,” helium said. 

Mr. Cardoso expressed optimism astir Nigeria’s economical prospects, emphasizing the government’s committedness to strengthening the system and promoting sustainable growth.

The CBN Deputy Governor connected Policy,  Mr. Mohammed Abdullahi, elaborated connected the important improvements successful overseas speech inflows, with monthly turnover successful the forex marketplace rising by 56.4% to $8.6 cardinal successful 2025. 

According to him, “Over the past 2 years, we’ve  focused a batch connected improving FX flows into the economy, and we’ve seen a important jump. Average nett flows betwixt January 2023 and July person doubled,” helium said.

The Special Adviser to the President connected Finance and the Economy, Sanyade Okoli, successful her presentation, reiterated the Federal Government’s committedness to achieving 7% economical maturation by 2027-2028 done diversification and concern successful infrastructure. 

“Our people is 7% by 2027-2028. When the IMF accrued its forecast a week later, for 2025 we are forecasting 4% growth, rising to astir 5% adjacent year,” Mrs. Okoli stated. 

She added, “In Q2, 13% of sectors grew supra 7%. Our dependence connected lipid for full exports has reduced to astir 57.5% successful the archetypal fractional of this twelvemonth compared to past year, and lipid present accounts for astir 4% of GDP, down from 8% successful 2021.”

Dr. Uzoka-Anite’s beingness astatine the lawsuit demonstrated greater synergy betwixt fiscal and monetary authorities successful the Federal Government’s committedness to creating an enabling situation for overseas concern and the pursuit of  economical maturation and development.

The station Foreign investors explicit assurance successful Nigeria’s economical reforms  appeared archetypal connected Vanguard News.