Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, announced that recent economic reforms have placed Nigeria on a promising path to attract significant investments. Speaking at a ministry event in Abuja to welcome Dr. Doris Uzoka-Anite as the new Minister of State for Finance, Edun emphasized that the removal of fuel subsidies and adoption of a market-driven foreign exchange rate have fundamentally transformed the country’s investment landscape.
“We now have a market-based foreign exchange rate and market pricing for petroleum products,” Edun said. He praised President Bola Tinubu for his decisive implementation of these long-awaited reforms, describing them as crucial steps that lay the foundation for increased productivity, job creation, GDP growth, and poverty reduction.
Edun expressed his enthusiasm for Uzoka-Anite’s appointment, lauding her dedication, professionalism, and commitment to hard work. “The staff and I are excited to welcome a woman of substance and diligence to the ministry. We thank the President for appointing her as Minister of State,” he added.
In her remarks, Uzoka-Anite, formerly Nigeria’s Minister of Industry, Trade, and Investment, conveyed her determination to work closely with Edun to advance the nation’s financial stability and growth. “It’s a privilege to contribute to Nigeria’s development in this critical finance sector,” Uzoka-Anite stated. “I am here to support and complement the work CME has undertaken to guide the economy towards stability and prosperity.”
Reflecting on the challenges since May 29, 2023, when President Tinubu assumed office, Uzoka-Anite noted Edun’s role in steering the economy to fulfill the President’s vision of sustainable growth and prosperity for all Nigerians.
