Edun Reaffirms Nigeria’s 7% GDP Growth Target

By Oluwakemi Kindness

The Federal Government has restated its ambition of growing Nigeria’s economy by as much as Seven percent in the medium term.

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, gave the assurance in Abuja, at the weekend, during a meeting with the World Bank Executive Director for the Angola–Nigeria–South Africa Constituency, Zainab Shamsuna Ahmed.

Edun said ongoing reforms, including the removal of fuel subsidies, improved tax collection, and digitisation of government systems, are already restoring investor confidence and attracting fresh international capital.

He explained that government’s growth plan is anchored on agriculture, power, and digital infrastructure, with a focus on job creation and raising living standards.

According to him, Nigeria is targeting GDP growth of up to seven percent more than double population growt, stating that this would significantly improve the welfare of citizens.

In her remarks, Ms. Ahmed reaffirmed the World Bank’s support for Nigeria’s economic reforms and commended the country’s leadership role in continental economic forums.

The Minister noted that Nigeria’s reform momentum, backed by multilateral support, would provide a strong foundation for sustainable and private-sector-led growth.