Nigeria's Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has declared that the country is entering a new era ripe for attracting investments. His remarks came during the welcome ceremony for Dr. Doris Uzoka-Anite, the new Minister of State for Finance, who officially assumed her role in Abuja.
Edun emphasized that the recent reforms—the removal of fuel subsidies and the establishment of a market-determined foreign exchange rate—have significantly opened up the Nigerian economy to potential investors. "All will be well as we go forward together to help complete the ongoing economic reforms, which are showing sustainability and signs of success," he stated. He highlighted that, for the first time in decades, Nigeria has a market-based foreign exchange rate and market pricing for petroleum products, calling these fundamental reforms long overdue.
"This new dawn positions us to attract investment, boost productivity, grow GDP, create jobs, and reduce poverty," Edun noted, expressing optimism about the ministry's direction under Dr. Uzoka-Anite's leadership.
In her response, Dr. Uzoka-Anite acknowledged her apprehension about the new role but expressed her commitment to supporting Edun and contributing to the finance sector. She described her appointment as a "big privilege" and recognized the challenges the ministry faces in steering the economy toward stability and prosperity.
Dr. Uzoka-Anite committed to collaborating closely with Edun and the team, emphasizing the importance of teamwork to achieve the vision laid out by President Bola Tinubu. "When we succeed, Nigeria succeeds," she affirmed, underlining her dedication to the nation's economic development.
The collaboration between Edun and Uzoka-Anite reflects a broader commitment to consultative governance and teamwork as Nigeria navigates its economic landscape.
