The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured investors and the international community that Nigeria’s financial markets remain stable and fully operational, despite reports of United States air strikes targeting Islamic State (ISIS) terrorists within the country.
Edun gave the assurance in a statement issued on Sunday, following reports of explosions in parts of Sokoto and Kwara states on December 25. Residents in affected communities had earlier reported hearing loud blasts at about the same time the United States confirmed it had carried out a series of air strikes against suspected ISIS positions.
Addressing concerns that the development could unsettle investor confidence, the finance minister said Nigeria’s domestic and international debt markets remain stable and are functioning efficiently. He attributed the resilience of the markets to prudent fiscal management and sustained reforms aimed at strengthening macroeconomic stability.
“Nigeria remains open for business,” Edun said, stressing that recent security developments have not disrupted the fundamentals of the economy or the operations of the country’s financial markets. According to him, government continues to engage with both local and foreign investors to reassure them of the safety and viability of investments in the country.
The minister noted that ongoing efforts to deepen fiscal discipline, improve revenue mobilisation, and manage public debt responsibly have helped to build confidence in the economy, even in the face of global and domestic uncertainties. He added that the administration is committed to maintaining a transparent and predictable policy environment that supports growth and investment.
Edun also reaffirmed the Federal Government’s commitment to working with security agencies and international partners to tackle terrorism and ensure the safety of lives and property across the country. He said peace and stability remain central to the government’s economic agenda.
The statement comes amid heightened public attention following the Christmas Day incidents, which raised questions about security and their possible impact on economic activities. However, the finance minister maintained that Nigeria’s financial system remains sound, resilient, and capable of supporting economic recovery and long-term development.
He urged investors not to be swayed by isolated incidents, assuring that the government will continue to safeguard the economy while pursuing reforms designed to unlock Nigeria’s vast economic potential.
