Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured investors at the Imo State Economic Summit 2025 that the Federal Government’s ongoing economic reforms are opening wider opportunities for private-sector expansion.
Edun praised Governor Hope Uzodimma’s infrastructure strides—especially improved road networks and plans for round-the-clock electricity—adding that recent power-sector liberalisation now allows states and private operators to generate and distribute electricity. This, he said, will significantly ease longstanding bottlenecks for manufacturers and technology-driven businesses.
The Minister also identified strong investment prospects in light manufacturing, agro-processing, pharmaceuticals, packaging, and building materials. He noted that the national economy is currently growing at about 4 percent, with fiscal reforms doubling revenue allocations to states.
Reaffirming the Federal Government’s commitment to inclusive and broad-based growth, Edun announced a forthcoming national mass savings initiative and called for deeper collaboration among federal, state, and private-sector stakeholders to fast-track sustainable economic development.
