Nigeria’s removal from FATF grey list unlocks new economic opportunities — FG
President Bola Tinubu
Abdullateef Fowewe
The Ministry of Finance announced on Wednesday that Nigeria’s removal from the Financial Action Task Force (FATF) grey list has set to boost the country’s economic prospects.
In a statement, the Ministry said, “Nigeria’s removal from the Financial Action Task Force (FATF) grey list means greater trust, easier access, and more opportunities for Nigerians at home and abroad.”
This milestone signals enhanced global confidence in Nigeria’s financial system, opening avenues for increased investment and job creation.
“Global partners now see a stronger and more transparent Nigeria, which opens doors to increased investment, improved credit ratings, and new job opportunities,” the statement added.
The move also promises faster and more affordable remittances, benefiting families and local businesses.
According to the Ministry, “Money sent home from loved ones abroad will now arrive faster through trusted global channels and at a lower cost, helping families, communities, and local businesses thrive.”
Additionally, Nigerian businesses will enjoy smoother cross-border trade experiences.
The Ministry highlighted, “Businesses can now trade, receive payments, and access finance across borders with less stress and lower costs.”
