Emmanuel OchayiSpeaking to a gathering of Indian investors at the G20 summit in India, Nigeria’s Finance Minister, Wale Edun, affirmed the government’s commitment to removing obstacles that hinder exchange rate and inflation stability for a level playing field for Global investors.
In a succinct yet impactful address, Edun conveyed Nigeria’s determination to create a more favorable investment environment.
Speaking passionately during the Nigeria-India presidential roundtable, Edun highlighted the nation’s commitment to fostering a more robust, sustainable, and resilient economy.
Edun’s words, captured in a brief video shared by the finance ministry on X (formerly Twitter), echoed throughout the summit. He emphasized the significant strides taken to enhance the business environment, including the removal of foreign exchange restrictions and the streamlining of investment approval processes.
Directly addressing potential investors, Edun said, “Our focus is on attracting global capital, promoting foreign direct investments, and this underscores our commitment to job creation, economic diversification, and revenue expansion.”
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He went on to portray Nigeria as a compelling business destination filled with abundant opportunities spanning various sectors. Edun’s optimism was evident as he stated, “The major macroeconomic impediments to the stability of the exchange rate, inflation, interest rates, and liquidity obstacles are now being removed.”
Furthermore, he emphasized the importance of inclusivity, saying, “Driving inclusivity, including women and young people in what is going on in the economy and having them play their role.”
In closing, Edun made a powerful call to action: “For those interested in investing, the playing field has been leveled, it has been cleared of debris, and the opportunity is now there for you to seize.”
With these resolute words, Nigeria’s Minister of Finance has set a clear path for potential investors and signaled the government’s unwavering commitment to creating a conducive and equitable investment environment.
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