FG Lauds IFC, Says Private Sector Partnership Vital for Economic Stability

Ndubuisi Francis in Abuja

The federal government has the support of the International Finance Corporation (IFC, the private sector arm of the International Monetary Fund(IMF) in agriculture, infrastructure, and energy, stressing that such partnerships are vital for economic stability and job creation.

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun who stated this reaffirmed government’s commitment to private sector-led economic growth, highlighting IFC’s role in driving investment across key sectors of the economy.

Speaking at a World Bank event on Thursday,  the minister assured that the government would continue to foster a business-friendly environment that attracts private sector investment.

A statement released last night by the Director, Press and Public Relations, Ministry of Finance, Mohammed Manga said the  praised IFC’s support in agriculture, infrastructure, and energy, stressing that such partnerships are vital for economic stability and job creation.

E noted that recent reforms, including subsidy removal and increased production, have strengthened public finances and improved the investment climate.

Acknowledging the impact of higher living costs, he assured that boosting food security and expanding financial support for vulnerable Nigerians remain top priorities.

The minister also thanked IFC and other development partners for their continued role in Nigeria’s economic transformation.

“As Nigeria continues to navigate its economic transformation, the partnership between the government and organisations like the IFC is crucial for driving growth, creating jobs, and improving lives. With renewed commitment and collaborative efforts, Nigeria is poised to unlock its full economic potential,” the statement said.