{"id":81810,"date":"2025-10-18T00:39:12","date_gmt":"2025-10-18T00:39:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/81810\/"},"modified":"2025-10-18T00:39:12","modified_gmt":"2025-10-18T00:39:12","slug":"foreign-investors-show-strong-confidence-in-nigeria-at-world-bank-imf-meetings","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/81810\/","title":{"rendered":"Foreign investors show strong confidence in Nigeria at World Bank\/IMF meetings"},"content":{"rendered":"


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Washington, DC|| Foreign investors at the ongoing World Bank\/IMF Annual Meetings in Washington, D.C. have expressed strong confidence in Nigeria, citing the country\u2019s improving macroeconomic stability and renewed growth momentum.\n<\/p>\n

Doris Nkiruka Uzoka-Anite, Nigeria\u2019s Minister of State for Finance, disclosed this to journalists on the sidelines of the meetings, noting that investor interest in the country\u2019s economy has been significantly revived by ongoing reforms and policy clarity.\n<\/p>\n

\u201cAt the investor conference yesterday, there was strong interest in Nigeria. Many investors were asking when Nigeria would return to the Eurobond market. Such interest shows confidence, when investors buy your bonds, it\u2019s a vote of trust in your economy,\u201d Uzoka-Anite said.\n<\/p>\n

According to her, capital is naturally cautious and avoids uncertainty, insecurity, and instability. However, with Nigeria\u2019s macroeconomic environment now stabilising and growth becoming more robust, investors are regaining confidence.\n<\/p>\n

She explained that one major advantage for investors today is the freedom to bring in funds and repatriate them at any time without foreign exchange restrictions. \u201cThat freedom boosts investor confidence significantly,\u201d she said.<\/p>\n

Uzoka-Anite also disclosed that foreign direct investment inflows are beginning to rise again, with global corporations and diaspora investors showing renewed interest in the Nigerian economy. \u201cFor instance, Shell recently announced a two billion dollar expansion in oil exploration. There\u2019s also rising enthusiasm from the diaspora community and other international investors. All these are positive indicators for our economy,\u201d she stated.\n<\/p>\n

Read also:\u00a0Nigeria targets $5trn in investments from World Investment Summit next year<\/a> <\/p>\n

She described Nigeria\u2019s engagement at the annual meetings as \u201cvery exciting and impactful,\u201d explaining that the delegation had held strategic discussions with multilateral financial institutions and regional development banks. These engagements, she said, provided an opportunity to share the Nigerian success story and highlight the country\u2019s progress in implementing far-reaching reforms.\n<\/p>\n

\u201cEveryone is genuinely excited about the bold reforms we have implemented and the macroeconomic stability that has followed,\u201d Uzoka-Anite said. \u201cTo many observers here, it seems almost like a miracle that Nigeria could undertake multiple bold reforms, not just one within two years and begin to witness growth. Both the IMF and the World Bank have commended Nigeria for this achievement. For us, this is a testament to the visionary leadership of President Bola Ahmed Tinubu, who has steered the country through tough waters and positioned us to see a clearer path ahead.\u201d\n<\/p>\n

Responding to questions on how the government plans to ensure that the benefits of the reforms reach ordinary Nigerians, the Minister of State for Finance said social protection remains one of the core pillars of President Tinubu\u2019s Renewed Hope Agenda. She emphasised that government policies are focused on fostering inclusive growth, promoting job creation, and ensuring shared prosperity.<\/p>\n

She noted that these efforts are already yielding results, reflected in stronger GDP performance. \u201cOur GDP has grown by 4.23 percent for the first time, faster than the population growth rate. Previously, population growth had always outpaced economic growth. Now, there is renewed hope that a child born today will grow up in an economy capable of providing for their needs through investments in social protection, healthcare, education, and food systems,\u201d Uzoka-Anite said.\n<\/p>\n

The Minister further pointed out that the economy is witnessing positive trends in inflation and exchange rate stability. \u201cFor the first time in over five years, inflation has fallen below 20 percent. That\u2019s significant, it means food and other essentials are becoming cheaper. Price moderation is being helped by greater clarity and stability in the foreign exchange market. With the naira appreciating and confidence returning, manufacturers and traders are pricing their goods more realistically, which is reflected in declining inflation,\u201d she added.\n<\/p>\n

Uzoka-Anite disclosed that Nigeria\u2019s foreign exchange reserves have also grown to over 42 billion dollars, a level not seen in many years. Importantly, she emphasised that this reserve growth is not driven by borrowed funds. \u201cThere are no debt obligations tied to it. It\u2019s a strong, stable position for the economy,\u201d she said.\n<\/p>\n

According to her, all of these developments translate into better living conditions for Nigerians, as the reforms continue to take firm root and their impact begins to manifest across key sectors. \u201cIn the short term, this will mean more job creation, greater access to capital, increased private investment, and improved social spending. The cost of doing business is expected to fall, and as confidence continues to rise, the Central Bank\u2019s decision to start reducing the Monetary Policy Rate is another positive signal. Everything is moving in the right direction,\u201d Uzoka-Anite said.\n<\/p>\n

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