The Federal Government of Nigeria has reiterated its commitment to ongoing economic reforms following the conclusion of the G20 Investment Dialogue in Johannesburg, South Africa.
Wale Edun, Minister of Finance and Coordinating Minister of the Economy, addressed global investors and South African business leaders at the event. He discussed how recent reforms are helping restore macroeconomic stability and create a more predictable environment for private investment.
Edun reported that Nigeria’s GDP growth reached 4.23% in the second quarter of 2025. He also noted that inflation is starting to ease and external reserves have risen to $46.3 billion.
He explained that economic growth is now broad-based, with key contributions from sectors such as telecommunications, trade, construction, railways, electricity, and refining.
“The message to investors is clear,” Edun said. “Nigeria is not only open for business; Nigeria is reforming to accelerate private-sector-led growth.”
With these developments, officials say Nigeria’s investment climate has improved and the economy continues to grow. The government encourages investors to participate in what it describes as a journey toward sustainable growth and prosperity by taking advantage of the country’s opportunities.