Nigeria has reaffirmed its commitment to an investment-driven economic strategy, signaling a shift from stabilisation policies toward attracting private capital and boosting productivity.
This was the central message at the IsDB Group Day held in Lagos, where government officials and development partners highlighted ongoing efforts to accelerate growth through strategic investments.
Speaking at the event, Wale Edun, Honourable Minister of Finance and Coordinating Minister of the Economy, said the next phase of reforms under Bola Tinubu will prioritise large-scale private sector participation.
“Nigeria is moving decisively into a new phase of growth driven by investment, not just stabilisation. Our focus is on unlocking private capital at scale to drive productivity, create jobs, and expand opportunity for all Nigerians,” Edun said.
He added that the government is committed to creating an enabling environment that attracts both domestic and international investors.
“We are building the conditions for sustainable investment—strengthening macroeconomic stability, improving policy clarity, and ensuring that capital can flow into sectors that will transform our economy,” he noted.
Nigeria’s partnership with the Islamic Development Bank Group has already seen over $2.2 billion deployed across key sectors such as energy, infrastructure, agriculture, and digital development.
Also speaking, Anasse Aissami, Director General for Country Programs at the bank, said the institution is deepening its collaboration with Nigeria to support long-term development goals.
“Our partnership with Nigeria is entering a stronger phase, focused on delivering impact at scale. We are committed to supporting a diversified and resilient economy that creates jobs and improves livelihoods,” Aissami said.
He further emphasized the importance of institutional strengthening and targeted investments.
“By aligning our financing with Nigeria’s priorities in infrastructure, agriculture, and digital innovation, we aim to translate this partnership into real and measurable outcomes for the Nigerian people,” he added.
The renewed engagement reflects a broader strategic pivot by Nigeria to mobilise capital at scale and ensure that international partnerships translate into tangible economic outcomes.