The Federal Government has reaffirmed its commitment to driving economic growth through increased investment, signaling a shift toward private sector-led expansion.
This was highlighted during the Islamic Development Bank (IsDB) Group Day event in Lagos, where the government outlined plans to prioritise productivity, job creation, and capital inflow.
According to the Federal Ministry of Finance, over $2.2 billion has already been invested across key sectors, with further collaboration with the Islamic Development Bank set to boost investments in energy, infrastructure, agriculture, and digital development.
Speaking at the event, Finance Minister Wale Edun said the next phase of President Bola Tinubu’s economic reforms will focus on attracting large-scale private investment to create jobs and expand opportunities.
The government also noted that the IsDB is strengthening its partnership with Nigeria to support long-term economic resilience and improved living standards.
“Director General, Country Programs at IsDB, H.E. Anasse Aissami, noted that the Bank is deepening its partnership with Nigeria to support a diversified and resilient economy, with a focus on job creation, institutional strength and improved livelihoods,” the statement read.
The ministry added that the move is part of a broader strategy to mobilise capital and translate partnerships into measurable economic growth.
