By Busola Bamidele
The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Thursday told investors at the Imo State Economic Summit 2025 that Nigeria’s economic reforms are creating stronger opportunities for private-sector growth nationwide.
In a post shared on his official X handle, the Minister commended Governor Hope Uzodimma for upgrades to roads and plans for 24-hour electricity signals, he said, that Imo is positioning itself as an investment-ready state.
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He noted that recent federal power-sector liberalisation now enables states and private partners to generate and distribute electricity, reducing constraints for industry and technology firms.
HM Edun highlighted opportunities in light manufacturing, agro-processing, pharmaceuticals, packaging, and building materials, stressing Imo’s strategic access to major regional markets.
On the national outlook, he reported that Nigeria’s economy is growing at about 4 percent double the previous rate with industry and agriculture leading the expansion. Fiscal reforms, he added, have doubled allocations to states, broadening local markets and creating more room for private capital. Inflation continues to decline, boosting household purchasing power and consumer demand.
The Minister reaffirmed the government’s commitment to inclusive growth through targeted social support and announced a forthcoming national mass savings plan to mobilise investment from citizens and businesses.
HM Edun concluded that Nigeria is shifting “from latent potential to rising opportunity,” calling for stronger partnerships between federal, state, and private-sector actors to accelerate sustainable growth.
