Nigeria Partners with IsDB to Boost Economic Growth

Wale Edun, Nigeria's Minister of Finance and Coordinating Minister of the Economy, announced that the Federal Government is shifting its focus towards aggressive capital mobilization and large-scale project execution to drive job creation and sustainable economic growth. This statement was made during the signing of a strategic partnership agreement with the Islamic Development Bank (IsDB) aimed at deepening collaboration and expanding development finance in Nigeria.

The agreement, which spans from 2026 to 2028, emphasizes the importance of mobilizing investments to stabilize the economy and create jobs. Edun outlined four key pillars of collaboration, including infrastructure development, energy, agriculture, and digital networks, with the goal of integrating 10 million Nigerians into the economy through job creation and skill development.

The partnership is expected to modernize infrastructure and industrialize agriculture, contributing to Nigeria's ambition of achieving a $1 trillion economy by 2030.