FG Shifts Focus To Private Capital, Productivity, Job Creation
The Federal Government has announced a significant shift in its economic strategy, prioritizing private capital, productivity, and job creation. This move marks a transition from economic stabilisation to a stronger focus on investment-led growth. According to Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the government has already deployed over $2.2 billion across key sectors, including energy, infrastructure, agriculture, and digital development.
Edun made this statement while speaking at the Islamic Development Bank (IsDB) Group Day in Lagos. He emphasized that the partnership with the IsDB is being scaled up to unlock faster investment and drive competitiveness and long-term growth. The Minister also highlighted that the next phase of President Bola Tinubu's reform agenda will be driven by large-scale private sector investment, positioning the country to attract capital, create jobs, and expand economic opportunity.
Edun explained that the government's mission is to build a $1 trillion economy powered by productive sectors, private capital, innovation, and technology. To achieve this, the government is prioritizing a fundamental shift from reliance on public financing to mobilising private sector investment at scale.
The agreement framework between the government and the IsDB will span three years, covering the period from 2026 to 2028. Edun stressed that the partnership will focus on growth acceleration and investment mobilisation, with a target of modernising infrastructure, industrialising agribusiness, and integrating 10 million Nigerians into productive economic activity.
