By:ThinkBusiness Africa
Nigeria’s Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Thursday announced a forthcoming national mass savings plan aimed at mobilising investment from citizens and businesses, marking a new phase in the government’s efforts to accelerate inclusive economic growth.
The Minister made the announcement while addressing investors and policymakers at the Imo State Economic Summit 2025, where he painted a positive picture of a national economy shifting “from latent potential to rising opportunity.” The plan is designed to channel domestic capital into productive sectors, supporting the government’s commitment to sustainable, high-velocity growth.
Edun reported that Nigeria’s economy is currently growing at approximately 4 percent, a rate that he noted is double the previous rate. This expansion is primarily being driven by industry and agriculture.
“Our fiscal reforms are creating more room for private capital,” the Minister stated, highlighting that the reforms have already doubled federal allocations to state governments, which is expanding local markets and creating a broader foundation for economic activities nationwide. Adding that declining inflation is boosting household purchasing power and consumer demand.
Edun specifically commended the host, Governor Hope Uzodimma, for the aggressive upgrades to roads and plans for 24-hour electricity in Imo State, signaling the state’s readiness to welcome private capital.
The latest official data released by the National Bureau of Statistics (NBS) showed that the Nigerian economy grew by 4.23% in the second quarter (Q2) of 2025 for the first time in over three years from 3.48% recorded in the preceding period. This week NBS announced 3.98% growth in the Q3 of 2025.
The International Monetary Fund (IMF) had revised Nigeria’s full-year (2025) GDP growth forecast from 3.5% to 3.9% driven by the non-oil sector.
Edun called for stronger partnerships between federal, state, and private-sector actors, stating that such collaboration is crucial to accelerate the nation’s shift from potential to rising opportunity and sustain long-term economic prosperity.
