The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has welcomed S&P Global Ratings’ decision to revise Nigeria’s outlook from Stable to Positive while affirming the country’s ‘B-/B’ rating. According to the Minister, this development signals that Nigeria’s ongoing fiscal, monetary, and structural reforms are gaining traction and receiving recognition from major global institutions.

Minister Edun noted that the revision comes in the same year that Moody’s and Fitch Ratings also issued improved assessments of Nigeria’s credit position, marking a historic alignment among the three leading ratings agencies. He stated that this reflects growing confidence in Nigeria’s reform agenda and the renewed strength and stability of the economy.

“As S&P rightly observed, our reform programme is already beginning to yield results, with improved growth prospects, stronger external buffers, and clearer monetary policy outcomes,” Minister Edun said. He emphasized that while challenges remain, the foundations being laid today will support inclusive and sustainable growth for years to come.

The Minister also commended President Bola Ahmed Tinubu for his leadership and political courage in advancing long-delayed reforms and acknowledged the resilience and patience of Nigerians, whose support is central to the country’s progress. Minister Edun reaffirmed the government’s commitment to implementing coordinated policies aimed at restoring macroeconomic stability, attracting investment, and creating opportunities for citizens.