The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the Federal Government’s ongoing economic reforms are opening stronger opportunities for private-sector growth across the country.

Speaking at the Imo State Economic Summit 2025, Edun commended Governor Hope Uzodimma for the state’s infrastructural upgrades, including improved roads and plans for 24-hour electricity, noting that Imo is increasingly positioning itself as an investment-ready state. He added that recent power-sector liberalisation now enables states and private partners to generate and distribute electricity, easing constraints for industries and technology firms.

The Minister highlighted investment opportunities in light manufacturing, agro-processing, pharmaceuticals, packaging, and building materials, stressing Imo’s strategic access to major regional markets.

On the national outlook, Edun disclosed that the Nigerian economy is growing at about 4 percent, double the previous rate, with industry and agriculture leading the expansion. He noted that fiscal reforms have doubled allocations to states, strengthening local markets and creating more space for private capital. According to him, inflation is declining, boosting household purchasing power and consumer demand.

Edun reaffirmed the government’s commitment to inclusive growth through targeted social support and announced a forthcoming national mass savings plan aimed at mobilising investment from citizens and businesses. He stated that Nigeria is transitioning from latent potential to rising opportunity, calling for stronger collaboration among federal, state, and private-sector stakeholders to accelerate sustainable growth.