Nigeria has moved from economic decline to stability, says Oyedele

By Inncent Anaba

The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has said Nigeria has successfully moved from a period of economic decline and volatility to one of increasing stability, adding that the Federal Government is now focused on accelerating inclusive growth that delivers tangible benefits to citizens and businesses.

Oyedele stated this on Tuesday at the Nigeria Employers’ Summit 2026, organised by the Nigeria Employers’ Consultative Association, NECA, in Abuja.

Speaking during a high-level panel session titled “Reforms in Focus: The Milestones, the Challenges and the Prospects,” the minister said the economic reforms introduced by the President Bola Tinubu administration averted an impending economic crisis and laid the foundation for long-term macroeconomic stability.

According to him, although the reforms came with short-term hardships and economic adjustments, they were necessary to restore fiscal sustainability and reposition the country’s economy for sustainable growth.