Federal Govt, IFC strengthen partnership to boost private sector growth

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reaffirmed the federal government’s commitment to partnering with the International Finance Corporation (IFC) to drive private sector growth in Nigeria.

Speaking at a World Bank event on Thursday, Edun commended the IFC’s support in key sectors such as agriculture, infrastructure, and energy, highlighting the collaboration as a means to create stable jobs.

He emphasised that ensuring food security and expanding financial support for vulnerable Nigerians remain top government priorities.

The Ministry of Finance disclosed this in a statement on its official X page on Sunday, 9th of February 2025.

The statement reads:

“The Honourable Minister of Finance & Coordinating Minister of the Economy, Wale Edun has reaffirmed Nigeria’s commitment to private sector-led economic growth, highlighting the International Finance Corporation’s (IFC) role in driving investment across key sectors.

“Speaking at a World Bank event on Thursday, HM Edun praised IFC’s support in agriculture, infrastructure, and energy, stressing that such partnerships are vital for economic stability and job creation. He noted that recent reforms, including subsidy removal and increased production, have strengthened public finances and improved the investment climate.

“Acknowledging the impact of higher living costs, he assured that boosting food security and expanding financial support for vulnerable Nigerians remain top priorities. The Honourable Minister also thanked IFC and other development partners for their continued role in Nigeria’s economic transformation.” [CONTINUE READING HERE]>>>>