 |
| Minister of Finance and Coordinating Minister of the Economy, Wale Edun |
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has welcomed the latest gross domestic product (GDP) figures showing a 4.07 per cent expansion in the fourth quarter of 2025.
Edun described the growth as a positive sign that the nation’s economy is gaining traction, emphasising that the performance reflects the combined impact of government policies and private sector resilience.
According to the National Bureau of Statistics (NBS) report, the 4.07% increase — compared with the corresponding period in 2024 — was driven by stronger output in key sectors, including information and communication, transport and storage, and professional services.
In a statement released on Friday, Edun said the figures register “a moderate improvement” and show momentum toward broader economic recovery, while also highlighting areas that require sustained policy focus.
“The growth recorded in the last quarter is a testament to the efforts of Nigerians across various sectors, and it points to the benefit of consistent reform,” he said. Edun noted that, despite ongoing global and domestic challenges, such as inflationary pressures and exchange rate volatility, the economy had exhibited resilience.
The finance minister also reiterated the government’s commitment to supporting fiscal discipline, improving the business environment and enhancing productivity to ensure long-term stability and inclusive growth.
Analysts welcomed the figures but cautioned that broader structural reforms will be necessary to sustain and deepen economic expansion in 2026, especially given persistent unemployment and weak foreign investment flows.
The full GDP data released by the NBS offered a detailed breakdown of sectoral performance, with agriculture, manufacturing and other non-oil sectors contributing to the overall growth picture.
0 Comments