Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has expressed optimism about the country’s ongoing economic reforms, citing sustainability and signs of success.
Speaking on Monday at the welcoming ceremony for the newly appointed Minister of State for Finance, Dr. Doris Uzoka-Anite, in Abuja, Edun highlighted the recent shift to a market-based foreign exchange rate and the deregulation of petroleum product pricing as transformative and long-overdue measures.
“For the first time in decades, we have a foreign exchange rate that is market-based. We also have market pricing for petroleum products,” Edun said. “These are two fundamental reforms that were necessary and long overdue, which Mr. President had the courage, boldness, and social and political dexterity to implement, along with the determination to sustain them.”
