ABUJA, March 11 (MENA) - The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said the Federal Government has unveiled a comprehensive economic plan for sustainable development, the News Agency of Nigeria (NAN) reported.

Edun disclosed this in a statement issued by the Ministry’s Director of Information and Public Relations, Mohammed Manga, on Tuesday in Abuja.

The minister, who unveiled the plan at the 2025 KPMG Arise TV Budget News Day, also outlined Nigeria’s fiscal priorities and economic direction for the coming year.

Edun said that government was committed to fiscal discipline, revenue mobilization, and an improved investment in climate.

According to him, the government has projected GDP growth of 4.6 percent for 2025, with a long-term ambition of seven per cent annually, a crucial target for poverty reduction and sustainable development.

The minister said that the macroeconomic stability remained priority, with exchange rate stability, trade surplus, and increased oil production positioning the country as a stronger global player.

Edun said that the foreign reserves had exceeded 40 billion dollars signaling confidence in economic policies and financial management.

He emphasized the crucial role of the private sector in driving economic growth, highlighting Public-Private Partnerships (PPPs) as a key mechanism to bridge Nigeria’s 100 billion dollars annual infrastructure investment gap.

According to him, landmark projects, including the Benin-Asaba Highway and the Lagos-Abeokuta Road, are to be developed under PPP frameworks, with the aim to reduce travel time and enhance productivity.

The minister said that in the oil and gas sector, domestic refining was important, with the Dangote Refinery now leading local crude petroleum processing. (MENA)
R R N/R E E