The Federal Government has moved to reassure citizens and the international community that Nigeria's economic fundamentals remain strong and stable, despite the recent joint security operation against terrorists in Sokoto State.
Security Operations are Pro-Growth, Says Finance Minister
In a statement issued to address concerns, the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, clarified that the targeted airstrikes conducted last Thursday by Nigerian forces in collaboration with the United States were a necessary step to protect the economy, not harm it. He emphasized that the action was precisely aimed at neutralizing elements that threaten lives, critical infrastructure, and economic activities.
"Security and economic stability are inseparable; every effort to safeguard Nigerians is, by definition, pro-growth and pro-investment," Edun stated. He argued that such intelligence-led operations reinforce peace and protect productive communities, which in turn strengthens investor confidence.
Strong Macroeconomic Indicators Back Government's Stance
Edun pointed to recent positive data as evidence of the economy's resilience under President Bola Ahmed Tinubu's administration. He revealed that Nigeria's Gross Domestic Product (GDP) grew by 3.98% in the third quarter of 2025, following an even stronger expansion of 4.23% in the second quarter. The government anticipates a stronger performance in the fourth quarter.
On the inflation front, the Minister noted a consistent decline, with the rate easing for seven consecutive periods and now falling below 15%. He credited this trend to improved price stability and coordinated fiscal and monetary policies.
Market Confidence and International Validation
The Finance Minister highlighted robust activity in the financial markets as a sign of growing confidence. He disclosed that the Nigerian stock market closed the week before the Sokoto operation with a net capital gain of N953 billion, pushing year-to-date returns to an impressive 49.17%, ranking among the top five globally.
Furthermore, foreign investor participation has surged. Foreign portfolio investments have risen sharply, contributing to a record total market turnover of N10.54 trillion over the past 11 months at the Nigerian Exchange. Edun also cited recent credit rating upgrades by Moody’s, Fitch, and Standard & Poor’s as independent validation of the government's reform trajectory.
Reiterating the government's 2026 priority to consolidate economic gains, Edun concluded, "As markets reopen, investors can be confident that Nigeria remains focused, reform-driven, and committed to stability." He affirmed that the country is open for business and firmly focused on sustaining inclusive growth.
