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The Federal Ministry of Finance has discussed the measures being taken to stabilize Nigeria’s economy. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has highlighted early indications of recovery supported by increased revenue.
A statement on the upgrade was made available on the ministry’s official website.
Edun announced this in Abuja during the World Bank-organized Nigeria Development Update in April 2026.
The ministry noted that the debt-to-GDP ratio has decreased, the exchange rate is showing signs of stability, and recent statistics show that inflation is starting to reduce while non-oil revenues are also improving.
It connected these advancements to changes made to improve fiscal management.
Real-time digital income tracking, forensic audits, lower governance costs, and a switch from debt financing to equity and PPP models are some of these reforms, according to Edun.
However, he pointed out that Nigerians still need to experience the effects of the changes, particularly given the pressures from around the world driving up the cost of food and petrol.
Over time, he continued, the government would continue to strive for an economy that is more robust, transparent, and inclusive.
