FG, IFC boost private sector growth

Abdullateef Fowewe

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.

The Ministry of Finance divulged this in a statement on its official X (formally Twitter) account on Sunday.

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.

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

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.”