The Federal Government Monday said it has reinforced its shift toward investment-led growth, marking a clear transition from economic stabilisation to a stronger focus on private capital, productivity, and job creation.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, revealed this while speaking at the Islamic Development Bank (IsDB) Group Day in Lagos.
He noted that with over $2.2 billion already deployed across key sectors, the partnership with the IsDB is now being scaled to unlock faster investment in energy, infrastructure, agriculture, and digital development, all critical to driving competitiveness and long-term growth.
The Minister emphasised that the next phase of President Bola Tinubu’s reform agenda will be driven by large-scale private sector investment, positioning the country to attract capital, create jobs, and expand economic opportunity.
He explained, “Clearly, we are moving from the stabilisation of the economy to a trajectory of growth, acceleration, and investment mobilisation.
“It is investments that increase productivity, grow the economy, create jobs, give people incomes, and reduce poverty, and that is the overall aim of the macroeconomic agenda of the president.
“Our mission, as laid out by Mr President, is very clear: to build a $1 trillion economy powered by productive sectors, private capital, innovation, and technology. To achieve this, we are prioritising a fundamental shift from reliance on public financing to mobilising private sector investment at scale.”
Edun added, “Our focus now is on mobilising capital, executing projects and creating jobs at scale. The range of projects across sectors, technology, climate action, and agriculture must be expanded to meet the needs of a large country with significant employment demands.
“Nigeria is building an economy that is resilient by design, inclusive in its approach, and globally competitive in ambition. We are strengthening domestic production and refining capacity, enhancing resilience, and ensuring sustainable growth.”
