The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured that Nigeria is not facing a fiscal collapse. He described the current economic situation as a period of fiscal correction, driven by reforms rather than crisis.

Edun emphasized that rising debt service costs do not indicate fiscal recklessness and highlighted ongoing efforts by the government to reassure investors and stabilize the economy. He also noted that data show the economy is adjusting positively and is on a path toward recovery.

The federal government has reiterated that Nigeria’s economy has “turned the corner,” signaling stability, though analysts caution that challenges such as debt growth and fiscal deficits still require careful management.