FG: Nigeria's Economy Resilient Despite Global Shocks
Nigeria's Minister of Finance, Wale Edun, stated the economy is in good shape despite Middle East tensions from the Iran-US/Israel war. Speaking on Channels Television's Politics Today, Edun highlighted resilience against global shocks, noting stable exchange rates, building reserves, and accelerating growth. He attributed fuel price hikes to market realities, citing Dangote Refinery's price reductions from 1,200 to 1,050 Naira as evidence of market dynamics. Edun emphasized private sector investment, particularly Dangote's refining capacity, as key to sustaining petroleum product flow and urged Nigerians to be thankful for local refining capabilities.