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Finance Minister Wale Edun Reassures Investors of Nigeria’s Economic Stability Amid Security Operations

Phinadon Mag

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Quick Summary:
Finance Minister Wale Edun assures global investors that Nigeria’s economy remains stable and reform-driven despite recent anti-terror operations in Sokoto, highlighting growth, inflation control, and market resilience.

In a statement personally signed and released between December 28–29, 2025, Finance Minister Wale Edun reaffirmed that Nigeria remains focused on economic reform and fiscal stability, despite the recent joint U.S.–Nigeria anti-terror operations in Sokoto State.

The Minister’s message, directed at the international community and global investors, emphasized that security actions are being conducted without disrupting economic progress or market confidence.

Economic Performance and Stability

GDP Growth

Minister Edun reported that Nigeria’s GDP grew by 3.98% in Q3 2025, following a 4.23% expansion in Q2, signaling consistent economic momentum.
He expressed optimism for an even stronger performance in Q4, citing robust non-oil sector growth and improved fiscal discipline.

Inflation

The Minister noted that inflation has decelerated for seven consecutive periods, now below 15%, reflecting enhanced price stability and effective monetary coordination.

Market Resilience

Edun highlighted that financial markets remain resilient, with both domestic and international debt markets functioning smoothly under disciplined fiscal management.
He credited ongoing revenue reforms, exchange rate stabilization, and public expenditure control for sustaining investor confidence.

Addressing Security Concerns

“Nigeria is Not at War”

Responding to concerns following the Christmas Day joint airstrikes in Sokoto, Edun clarified that Nigeria is not at war.
He described the operation as precise, intelligence-led, and targeted exclusively at terrorist elements threatening national stability.

Confidence Building

The Minister emphasized that enhanced security operations are designed to strengthen investor confidence by ensuring a safer environment for business, trade, and productivity.
He reiterated that economic reform and national security are mutually reinforcing pillars of the administration’s development strategy.

Resolution for 2026

Looking ahead, Edun reaffirmed the government’s commitment to consolidating economic gains in 2026, focusing on sustainable growth, inclusive development, and long-term fiscal stability.

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Senate Confirms Sani Muhammad Ndanusa as Ambassador.

Ikechukwu Emmanuel

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The Nigerian Senate has confirmed the appointment of Engineer Sani Muhammad Ndanusa as a non-career ambassador and high commissioner.

The confirmation followed the consideration and adoption of the report submitted by the Senate Committee on Foreign Affairs, chaired by Senator Sani Abubakar, representing Niger North. President Bola Ahmed Tinubu had nominated Ndanusa for the diplomatic position, after which he appeared before the committee for screening.

Presenting the committee’s recommendations during plenary on Tuesday, Senate President Godswill Akpabio announced Ndanusa’s confirmation after lawmakers unanimously endorsed the nomination through a voice vote.

Akpabio congratulated the nominee and expressed confidence that Ndanusa would draw on his professional experience to advance Nigeria’s foreign policy objectives and strengthen the nation’s relations with other countries.

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Ogun Police Rescue 11 Ghanaian Nationals in Sagamu Visa Scam.

Ikechukwu Emmanuel

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The Ogun State Police Command has rescued 11 Ghanaian nationals allegedly held hostage in Sagamu after being lured to Nigeria with promises of Canadian and Spanish visas.

The victims—seven males and four females—were rescued during an intelligence-led operation conducted by operatives of the Anti-Kidnapping Unit. According to a statement issued by the command’s spokesperson, DSP Oluseyi Babaseyi, the operation followed intelligence received on October 19, 2026, concerning a suspected hideout.

Preliminary investigations indicated that the victims were allegedly deceived by a fellow Ghanaian national who promised to facilitate their travel abroad. Each victim reportedly paid GH₵40,000 before being brought to Nigeria and detained against their will.

The victims are currently receiving care and support, while detectives work to identify and arrest other members of the alleged criminal network.

The Commissioner of Police, CP Bode Ojajuni, commended the Anti-Kidnapping Unit for its prompt response and professionalism. He reaffirmed the command’s commitment to protecting lives and combating transnational crime, stating that Ogun State would not become a safe haven for criminals.

The police urged members of the public to verify overseas travel and visa arrangements before making payments and to report suspicious activities to the authorities.

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Federal Government Confirms Ebola Case in the FCT.

Ikechukwu Emmanuel

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The Federal Government has confirmed one laboratory-diagnosed case of Ebola Virus Disease (EVD) in the Federal Capital Territory (FCT).

The case was confirmed on Tuesday, October 20, 2026, after a woman who recently arrived in Nigeria on an international flight from Uganda was admitted to a private hospital in the FCT. She had received treatment at the facility for several days before being isolated. She is currently receiving medical care.

The Coordinating Minister of Health and Social Welfare, Prof. Muhammad Ali Pate, stated that contact tracing had commenced. So far, 44 close contacts have been identified, including healthcare workers, patients, caregivers and travel contacts.

The Federal Government, through the Nigeria Centre for Disease Control and Prevention (NCDC) and FCT health authorities, is taking measures to contain the infection and prevent further transmission.

Authorities have urged Nigerians to remain calm and vigilant, practise regular hand hygiene, and report suspected exposure or symptoms to public health officials. The NCDC toll-free call centre is available 24 hours a day on 6232 for information and suspected case reporting.

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