Edun: Security operations strengthen confidence, economy remains resilient

The Federal Government has assured investors and the public that recent security operations, including the joint airstrikes conducted with the United States in Sokoto, will not negatively impact Nigeria’s economy.

Finance Minister and Coordinating Minister of the Economy, Wale Edun, emphasized that the military actions target terrorist elements threatening national safety and economic activity, and are intelligence-led and precise.

He stressed that such operations reinforce security, which is essential for economic stability and investor confidence.

“Far from destabilizing markets, these actions protect productive communities and strengthen the foundations for sustainable growth,” Edun said, highlighting the government’s commitment to both security and economic development.

He noted that under President Bola Tinubu’s leadership, Nigeria has made measurable progress in macroeconomic indicators.

In the third quarter of 2025, GDP growth reached 3.98 percent, following 4.23 percent in the second quarter.

Inflation has fallen below 15 percent, marking the seventh consecutive month of deceleration, reflecting improved price stability.

Edun also pointed to strong performance in financial markets, with the Nigerian Exchange (NGX) recording a total turnover of N10.54 trillion over the past 11 months, up from N4.91 trillion in November 2024.

Foreign portfolio investment participation increased, with inflows growing by 218.9 percent to N1.18 trillion, while domestic retail and institutional investor activity also rose significantly.

The minister affirmed that Nigeria remains open for business, with economic fundamentals strengthening, fiscal discipline maintained, and policy direction clear.

“The actions we take today on security, reforms, and fiscal discipline are aligned with our goal of inclusive and durable growth,” he said.

Edun reassured markets that the Sokoto operation, which targeted terrorist camps in Tangaza LGA, is part of broader efforts to secure lives and economic activity, reinforcing the country’s stability and resilience against external and internal shocks.