FG backs private sector growth with IFC’s support

The Federal Government has reaffirmed its commitment to private sector-led economic growth, highlighting the International Finance Corporation’s (IFC) role in driving investment across key sectors of the economy.

Speaking at a World Bank event, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, assured that the government would continue to foster a business-friendly environment that attracts private sector investment. 

According to a statement by Director, Information and Public Relations Mohammed Manga, the minister commended IFC for its support in agriculture, infrastructure, and energy, stressing that such partnerships are vital for economic stability and job creation.

The minister noted that recent reforms, including subsidy removal and increased production, have strengthened public finances and improved the investment climate.

Acknowledging the impact of higher living costs, he assured that boosting food security and expanding financial support for vulnerable Nigerians remain top priorities.

The Edun also thanked IFC and other development partners for their continued role in Nigeria’s economic transformation.

As Nigeria continues to navigate its economic transformation, the partnership between the government and organizations like the IFC is crucial for driving growth, creating jobs, and improving lives. With renewed commitment and collaborative efforts, Nigeria is poised to unlock its full economic potential.