Bagudu: FG Reforms Already Restoring Stability, Driving Diversification

Senator Abubakar Atiku Bagudu, Minister of Budget and Economic Planning, highlighted that the economic reforms implemented by the federal government over the past two years have been successful in restoring stability and driving diversification for inclusive growth in Nigeria. Speaking at a press conference ahead of the 31st Nigerian Economic Summit (NES 31) in October 2025, Bagudu emphasized the administration's focus on addressing structural weaknesses, boosting productivity, and securing prosperity.

The reforms have already led to a stabilization of the exchange rate, a decline in inflationary pressures, and improvements in fiscal management, setting the stage for a resilient and diversified economy. The NES 31, anchored on reform and resilience, aims to build a more inclusive and competitive economy that can deliver shared prosperity for all Nigerians.

The summit, chaired by Niyi Yusuf, will continue to serve as a platform for setting national priorities, pushing for reforms, and building consensus between the government and the private sector. Yusuf emphasized the.