Nigeria’s removal from FATF grey list signals new dawn for economic growth — Tunji-Ojo
Abdullateef Fowewe
The Minister of Interior, Olubunmi Tunji-Ojo, stated on Saturday that Nigeria is ushering in a new era of economic trust and growth following its removal from the Financial Action Task Force (FATF) grey list during a plenary meeting in Paris, France.
Describing the development in a statement on Saturday via X, the Minister emphasised, “This significant development reinforces confidence in our economy and validates the effectiveness of the government’s monetary and financial reforms.”
He noted that the delisting is more than symbolic; it paves the way for “smoother cross-border transactions, enhance capital flows and foreign direct investment,” which are crucial ingredients for long-term economic resilience.
The move according to him sets a “solid foundation for sustained economic growth and job creation,” offering Nigeria a fresh opportunity to rewrite the narrative of its financial credibility on the global stage.
Looking from an unconventional angle, Nigeria’s removal breaks a cycle of financial suspicion and could dramatically shift investor perceptions, potentially transforming the grey list stigma into a badge of reform and reliability for future government policy frameworks.
It marks a turning point where systemic reforms translate into real-world economic opportunities and trust building with the international community.
