Adam Odili
The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says Nigeria’s ongoing economic reforms are accelerating private-sector growth and creating stronger investment opportunities across the country.
Edun stated this on Thursday while addressing investors at the Imo State Economic Summit 2025, where he commended Governor Hope Uzodimma for key infrastructure upgrades, including improved road networks and plans for round-the-clock electricity supply.
These developments, he said, signal that Imo is positioning itself as an investment-ready state.
The Minister noted that the recent liberalisation of Nigeria’s power sector now empowers states and private partners to generate, transmit, and distribute electricity a major step toward reducing constraints for industries, technology firms, and other productive sectors.
He highlighted emerging opportunities in light manufacturing, agro-processing, pharmaceuticals, packaging, and building materials, adding that Imo’s proximity to major regional markets gives it a competitive advantage.
Speaking on national economic performance, Edun disclosed that Nigeria’s economy is currently growing at about 4 per cent, nearly double its previous rate, driven largely by gains in industry and agriculture.
Edun added that inflation is steadily declining, strengthening household purchasing power and stimulating consumer demand.
Reaffirming the Federal Government’s commitment to inclusive growth, the Minister announced that a national mass savings plan will soon be launched to mobilise investments from both citizens and businesses.
Edun called for stronger collaboration between federal, state, and private-sector stakeholders to accelerate sustainable economic development.
