Nigeria has entered a new phase of economic consolidation following two years of far-reaching reforms aimed at restoring macroeconomic stability and rebuilding investor confidence, Finance Minister Wale Edun said in Abuja. Speaking at the presentation of a national economic outlook, investing.com noted that the government is shifting from crisis stabilization to consolidating gains and laying the foundation for sustainable growth, as reported by Reuters.
Since President Bola Tinubu assumed office in 2023, the administration has implemented some of the most significant reforms in decades, including the removal of fuel subsidies, foreign exchange market liberalisation and fiscal adjustments to strengthen public finances. Reuters reported that these measures initially fuelled inflationary pressures but have since begun to yield results, with inflation easing sharply, the naira stabilising and external reserves rising.
Investing.com noted inflation declined to 14.45 percent in November 2025 from over 33 percent a year earlier, while foreign reserves climbed to about $45.5 billion, reflecting improved capital inflows and stronger export receipts. The government expects economic growth to accelerate to 4.68 percent in 2026, supported by reforms already in place and improved policy coordination.
Looking ahead, the finance minister said the focus of the consolidation phase will be on sustaining reforms, deepening revenue mobilisation, strengthening public financial management and ensuring that economic gains translate into jobs and improved living standards.
