The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, announced that the Nigerian economy is showing signs of growth with a Gross Domestic Product (GDP) growth rate of 2.98 percent in the first quarter of 2024.
Edun shared this during the presentation of his ministry’s performance, one year into President Bola Tinubu’s administration in Abuja on Tuesday. He highlighted that the agricultural sector, critical to the economy, is now showing marginal growth.
“This growth in agriculture provides the monetary authority with the leverage needed to stabilize foreign exchange (FX) rates,” Edun said.
He added that continuing on this path would result in an expanding economy and enhanced living standards for Nigerians.
“We have room to feel that continuing on these paths, redoubling our efforts, following Mr. President’s agenda, at the state level and federal level, will lead us to a growing economy that takes us out of poverty and produces a better life for Nigerians,” Edun concluded.