Nigeria’s Finance Minister Seeks Results From Reforms

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, inaugurated a Ministerial Advisory Committee in Abuja on Tuesday to help translate government reforms into tangible improvements for businesses and citizens. The committee, chaired by Abubakar Suleiman, will advise Oyedele on policy impacts, potential risks, and international best practices.

Oyedele emphasized the need for data-driven counsel and a focus on real-world outcomes, rather than simply implementing reforms that appear good on paper. The committee’s work will center on economic policy, public financial management, economic coordination, and stakeholder engagement.

The Nigerian government aims to achieve 7 percent annual real GDP growth and build a $1 trillion economy by 2030. Oyedele challenged the committee to provide honest, evidence-based recommendations, prioritizing practical impact over political convenience, and to ensure policies benefit entrepreneurs and manufacturers.