Nigeria’s Federal Ministry of Finance has discussed efforts to stabilize the country’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 published on the ministry’s official website.
During the World Bank’s April 2026 Nigeria Development Update in Abuja, Edun said this.
The ministry said 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 slow down while non-oil income are also improving.
It connected these changes to changes made to improve fiscal management.
“Real-time digital revenue tracking, forensic audits, lower governance costs, and a switch from debt financing to equity and PPP models are some of these reforms,” Edun stated.
However, he pointed out that Nigerians still need to feel the effects of the changes, particularly in light of international pressures driving up the cost of food and petrol.
He continued by saying that over time, the administration will continue to strive for a more open, resilient, and inclusive economy.
