Federal Ministry of Finance has spoken on steps being taken to steady Nigeria’s economy, with the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, pointing to early signs of recovery backed by improved revenue.
The update was shared in a statement posted on the ministry’s official page.
Edun made this known in Abuja during the April 2026 Nigeria Development Update organised by the World Bank.
The ministry said recent indicators show inflation is beginning to ease, while non oil revenues are also improving; It added that the debt-to-GDP ratio has declined, with the exchange rate showing signs of stability.
It linked these developments to reforms introduced to strengthen fiscal management.
“These reforms include real-time digital revenue tracking, forensic audits, reduced cost of governance, and a shift from debt financing to equity and PPP models,” Edun said.
He, however, noted that Nigerians still need to feel the impact of the reforms, especially with global pressures pushing up fuel and food prices.
He added that the government will keep working towards a more transparent, resilient and inclusive economy over time.
Edun speaks on fiscal reforms as Nigerian Govt points to gradual economic recovery
