News - News Agency Of Nigeria

Nigeria gains global investors confidence- Uzoka-Anite (Page 665)

By Nana Musa

The Minister of State for Finance, Dr Doris Uzoka-Anite, say the country has gained global investors' confidence.

Uzoka-Anite disclosed this to journalists on the sidelines of the 2025 International Monetary Fund (IMF)/World Bank Group (WBG) Meetings, in Washington.

She that the investors’ interest in the country’s economy had been revived by ongoing reforms and policy clarity.

“At the investor conference, there is strong interest in the country, many investors were asking when Nigeria would return to the Eurobond market.

“Such interest shows confidence, when investors buy your bonds, it is a vote of trust in your economy,” Uzoka-Anite said.

She said that with Nigeria’s macroeconomic environment now stabilising and growth becoming more robust, investors were regaining confidence.

“One major advantage for investors today is the freedom to bring in funds and repatriate them at any time without foreign exchange restrictions.

“That freedom boosts investor confidence,” the minister said.

Uzoka-Anite said that the foreign direct investment inflows were beginning to rise again, with global corporations and diaspora investors showing renewed interest in the Nigerian economy.

“For instance, Shell recently announced a two-billion-dollar expansion in oil exploration. There is also rising enthusiasm from the diaspora community and other international investors.

“All these are positive indicators for our economy,” she said.

“The minister said that the country’s engagement at the annual meetings were very exciting and impactful.

According to her, the delegation held strategic discussions with multilateral financial institutions and regional development banks.

Uzoka-Anite said that the engagements provided an opportunity to share the Nigerian success story and highlighted the country’s progress in implementing far-reaching reforms.

“Everyone is genuinely excited about the bold reforms we have implemented and the macroeconomic stability that has followed.

“To many observers here, it seems almost like a miracle that Nigeria could undertake multiple bold reforms within two years and begin to witness growth.

“Both the IMF and the World Bank have commended Nigeria for this achievement.

“For us, this is a testament to the visionary leadership of President Bola Tinubu, who has steered the country through tough waters and positioned us to see a clearer path ahead,” she said.

The minister said that the economy was witnessing positive trends in inflation rate stability.

“For the first time in over five years, inflation has fallen below 20 per cent, it means food and other essentials are becoming cheaper.

“Price moderation is being helped by greater clarity and stability in the foreign exchange market.

“With the Naira appreciating and confidence returning, manufacturers and traders are pricing their goods more realistically, which is reflected in declining inflation,” she said.

Uzoka-Anite said that the country’s foreign exchange reserves had also grown to over 43 billion dollars, a level not seen in many years.

She said that this reserve growth was not driven by borrowed funds.

“There are no debt obligations tied to it. It is a strong, stable position for the economy,” she said.

The minister said that the developments translated into better living conditions for Nigerians, as the reforms continue to take firm root and their impact begins to manifest across key sectors.

“In the short term, this will mean more job creation, greater access to capital, increased private investment, and improved social spending.

“The cost of doing business is expected to fall, and as confidence continues to rise, the Central Bank’s decision to start reducing the monetary policy rate is another positive signal.

“Everything is moving in the right direction,” the minister said.

She also said that the social protection remained one of the core pillars of the
Renewed Hope Agenda of the Federal Government.

She said that government policies were focused on fostering inclusive growth, promoting job creation, and ensuring shared prosperity.

Uzoka-Anite said that the efforts were yielding results as reflected in stronger GDP performance.

“Our GDP has grown by 4.23 per cent for the first time, faster than the population growth rate.

“Previously, population growth had always outpaced economic growth.

“Now, there is renewed hope that a child born today will grow up in an economy capable of providing for their needs through investments in social protection, healthcare, education, and food systems,” she said. (NAN)(www.nannews.ng)

Edited by Kadiri Abdulrahman

Nigeria gains global investors confidence- Uzoka-Anite

By: Magdalene Ukuedojor

On: October 18, 2025

In: Economy/Business

With: 0 Comments

By Nana Musa The Minister of State for Finance, Dr Doris Uzoka-Anite, say the country has gained global investors’ confidence. Uzoka-Anite disclosed this to journalists on the sidelines of the 2025 International Monetary Fund (IMF)/World Bank Group (WBG) Meetings, in Washington. She that the investors’ interest in the country’s economyContinue Reading

ActionAid, partners launch movement to eradicate poverty

By: Magdalene Ukuedojor

On: October 18, 2025

In: General News

With: 0 Comments

By Felicia Imohimi ActionAid Nigeria, in collaboration with other stakeholders, has launched the Movement for the Transformation of Nigeria (MOTiON), aimed at promoting collective action to address social and institutional poverty in the country. MOTiON brings together Nigerians from mass democratic and workers’ organisations, pro-democracy movements, social justice advocates, womenContinue Reading

Nigeria ready for digital revolution, champions AI, rural-tech transformation – NITDA boss

By: Magdalene Ukuedojor

On: October 18, 2025

In: Economy/Business

With: 0 Comments

By Nana Musa The Director-General (D-G) of National Information Technology Development Agency (NITDA), Kashifu Abdullahi, says the country is strategically positioning itself to lead Africa’s digital transformation. Abdullahi said this in Washington, on the sidelines of the 2025 IMF/World Bank Group Annual Meetings. He said that Nigeria was taking theContinue Reading

Trauma: Prioritise saving lives first before taking videos – Commissioner tells Lagosians

By: Magdalene Ukuedojor

On: October 18, 2025

In: Health

With: 0 Comments

By Lilian U. Okoro The Commissioner for Health, Lagos State, Prof. Akin Abayomi, has decried the many lives lost on Lagos roads due to delays caused by onlookers taking videos instead of assisting first responders. Represented by the Director of Medical Services, Lagos Health Service Commission, Dr Olawale Adegbite, AbayomiContinue Reading

Leaders owe it to youths to be transparent – Obasanjo

By: Magdalene Ukuedojor

On: October 18, 2025

In: General News

With: 0 Comments

By Abiodun Lawal Former President Olusegun Obasanjo says adults and societal leaders owe it to the youths to provide truthful, transparent, transformational, and selfless leadership. Obasanjo spoke in Abeokuta on Saturday at the grand reunion and maiden lecture series of the Royal College of Defence Studies (RCDS), United Kingdom AlumniContinue Reading

NACCIMA appoints Janet Olisa as SA to National President

By: Ismail Abdulaziz

On: October 18, 2025

In: General News

With: 0 Comments

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has announced the appointment of Amb. Janet Olisa as Special Adviser on International Relations to its National President with effect from Oct. 6. Olisa is a retired Nigerian diplomat and public policy strategist with over 30 years ofContinue Reading

Nigerian, Dr Musa, emerges All Africa Youths Forum’s President

By: Magdalene Ukuedojor

On: October 18, 2025

In: General News

With: 0 Comments

By Patricia Amogu Dr Abubakar Musa, a former National Coordinator, Nigeria Young Famers Network (NYFN), has been appointed as the Global President, All Africa Youth Forum (AAYF). Musa, who is also the President, Coalition of Farmers Association of Nigeria (COFAN) and a member of the World Farmers Organisation, will serveContinue Reading

Moral revival key to national growth, says Cardinal Onaiyekan

By: Ismail Abdulaziz

On: October 18, 2025

In: General News

With: 0 Comments

By Daniel Obaje Cardinal John Onaiyekan, Archbishop Emeritus of Abuja, has called for a moral revival across all sectors of society, saying honesty, integrity and accountability remain essential to rebuilding the nation. Onaiyekan said this on Saturday at the 10th anniversary celebration and fundraising for the digitalisation project of DivineContinue Reading

You’ve a proud legacy as builder of men, Oyebanji celebrates Afe Babalola

By: Magdalene Ukuedojor

On: October 18, 2025

In: General News

With: 0 Comments

By Funmilayo Okunade Gov. Biodun Oyebanji of Ekiti says the legal icon, Chief Afe Babalola, has immortalised himself by investing in human capital development that will outlive him. Oyebanji gave the commendation on Saturday at the annual Afe Babalola Day held at the palace of Ewi of Ado-Ekiti, Oba RufusContinue Reading

#FreeNnamdiKanuNow: Court bars Sowore, others from protesting around Aso Rock Villa, others

By: Magdalene Ukuedojor

On: October 18, 2025

In: Judiciary

With: 0 Comments

By Taiye Agbaje The Federal High Court in Abuja has restrained Mr Omoyele Sowore, publisher of Sahara Reporters, and others from protesting in some areas in Abuja, including the Aso Rock Villa, on Monday for the release of detained Nnamdi Kanu. The News Agency of Nigeria (NAN) reports that theContinue Reading

Follows Us

Nigeria gains global investors confidence- Uzoka-Anite (Page 665)