In the face of the recent United States airstrikes on terrorists hideouts in Sokoto, Nigeria, the federal government has assumed investors that the country is not at war.
Wale Edun, the Minister of Finance and coordinating Minister of the Economy made the remark on Sunday, in a statement saying the country is not at war with itself.
The magazine had earlier reported that President Donald Trump, announced last Friday that he ordered the US African Command in Djibouti to strike ISIS hideouts in Nigeria on Christmas Day.
The US action had caused some apprehension in the country, and elicited chain of reactions in the global business community as to the stability in the country.
Speaking yesterday, Edun assured Nigeria’s multilateral partners that the war against terrorists will yield positive effects.
He said the war against terrorists elements, contrary to suggestions, will not distabilize the country, but rather strengthen peace to enable business thrive in the country.
He said the US strike was precise, intelligence-led, and focused exclusively on terrorist elements that threaten innocent lives, national stability, and economic activity.
Edun: “What Nigeria is decisively confronting—alongside trusted international partners—is terrorism. This distinction is important, and it is fundamental to understanding the positive economic implications of recent actions.
“Far from destabilising markets or weakening confidence, such actions strengthen the foundations of peace, protect productive communities, and reinforce the conditions required for sustainable growth.”
He affirmed that the security and economic stability are inseparable, noting that every effort to safeguard Nigerians is, by definition, pro-growth and pro-investment.
While stating that under the leadership of President Bola Tinubu, Nigeria has made tangible and measurable progress on both security and economic reform, the Minister said these gains are evident in the nation’s macroeconomic performance.
“In the third quarter of 2025, Nigeria recorded GDP growth of 3.98%, following a strong 4.23% growth in Q2.
“We expect a stronger Q4 2025 GDP performance. Inflation has decelerated for the seventh consecutive period and is now below 15%, reflecting improving price stability and the effectiveness of coordinated fiscal and monetary actions.
“Our financial markets remain resilient. Domestic and international debt markets are stable and functioning efficiently, supported by prudent fiscal management,” he said.
Edun maintained that over the past year, Nigeria has received credit rating upgrades from Moody’s, Fitch, and Standard & Poor’s—clear, independent endorsements of the strength of its reforms and the credibility of its economic direction.
“We have maintained fiscal discipline, prioritised efficiency, and protected macroeconomic stability—demonstrating resilience in the face of external shocks,” Edun noted.
Discover more from The Source
Subscribe to get the latest posts sent to your email.
