Nigeria’s Finance Minister and Coordinating Minister of the Economy, Wale Edun, has reassured local and international investors that the country remains open for business, despite recent security operations targeting extremist groups in parts of the North-West. The statement follows heightened global attention after U.S.-supported counterterrorism actions in Sokoto State.
Speaking during a high-level economic briefing in Abuja, Edun emphasised that Nigeria’s financial markets, investment climate, and economic fundamentals remain stable and resilient. He dismissed concerns that intensified security actions could disrupt economic activity or undermine investor confidence.
“Nigeria is confronting its security challenges decisively while keeping its economy open and functional,” Edun said. “There is no contradiction between fighting terrorism and sustaining economic growth. In fact, security operations are essential to protecting investments, livelihoods, and long-term development.”
The minister’s comments come amid growing speculation in international media and financial circles about the implications of expanded counterterrorism cooperation with the United States. Some observers raised concerns about possible geopolitical risks, capital flight, or market volatility. However, Nigerian officials insist such fears are misplaced.
Edun noted that Nigeria’s macroeconomic reforms, including exchange rate liberalisation, fuel subsidy removal, and fiscal consolidation, have continued uninterrupted. He highlighted recent improvements in foreign exchange liquidity, rising government revenues, and renewed interest from foreign portfolio investors.
“The fundamentals are strong,” he said. “Our banking system is stable, our capital markets are functioning efficiently, and our reform agenda remains on course.”
Market data appears to support the minister’s optimism. The Nigerian Exchange has recorded steady gains in recent weeks, while Treasury bill auctions continue to attract strong demand from both domestic and foreign investors. Analysts say this reflects growing confidence in the government’s commitment to economic stability.
Edun also stressed that Nigeria’s security operations are geographically targeted and do not affect major commercial centres such as Lagos, Abuja, Port Harcourt, or Onitsha. He described the actions as “surgical interventions” designed to prevent the spread of violence into economically strategic zones.
Addressing concerns from multinational corporations, the minister assured investors that government agencies remain fully operational and that trade, manufacturing, and energy production have not been disrupted.
“Our ports are working. Our oil and gas infrastructure is protected. Our supply chains are intact,” he said.
The reassurance is particularly significant for the energy sector, where investor confidence has been fragile in recent years. Edun said ongoing security efforts would ultimately enhance oil production by safeguarding pipelines and reducing sabotage, especially in regions prone to criminal activity.
Economists say the government’s messaging is critical at a time when Nigeria is competing with other emerging markets for scarce global capital. “Perception matters,” said an Abuja-based economist. “The minister is trying to control the narrative before uncertainty takes hold.”
Edun also acknowledged that security challenges have economic costs but argued that inaction would be far more damaging. He reiterated the administration’s commitment to combining security enforcement with job creation, social investment, and regional development.
As Nigeria enters a new fiscal year with ambitious growth targets, the government appears determined to project confidence and stability. For investors watching closely, the message from Abuja is clear: security operations are part of strengthening the economy, not weakening it.
