Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has reiterated the Federal Government’s commitment to market-driven economic policies while engaging with global investors in Paris.
Speaking during high-level investment discussions, Oyedele firmly ruled out the return of fuel subsidies, stating that such measures create economic distortions. He also dismissed the possibility of introducing price controls, emphasizing the government’s confidence in free-market mechanisms to drive growth and efficiency.
According to the minister, emerging global dynamics—particularly developments in Iran—present new opportunities for Nigeria as investors seek to diversify energy sources and explore alternative markets.
Highlighting Nigeria’s economic performance, Oyedele disclosed that the country recorded a GDP growth rate of 11.2 percent in U.S. dollar terms in 2025. He said the growth reinforces Nigeria’s ambition to build a $1 trillion economy by 2030.
The engagement in Paris is part of broader efforts by the Federal Government of Nigeria to attract foreign investment, strengthen economic reforms, and position the country as a competitive destination in the global energy and financial markets.
Economic analysts say the government’s stance signals policy consistency, which could boost investor confidence as Nigeria continues to pursue long-term economic transformation.