Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has expressed optimism regarding the country’s economic recovery, citing increased investor confidence as a positive indicator.
Ẹdun, in a recent African Business interview, noted the recent oversubscription of Nigeria’s Eurobond issue, which attracted $9.1 billion, surpassing the $2.2 billion target.
“The oversubscription of our latest Eurobond issue shows that Nigeria is regaining investor confidence,” Edun said.
He attributed the oversubscription to the government’s commitment to improving economic stability and transparency, noting significant strides in financial reforms.
The Central Bank of Nigeria’s introduction of the Bloomberg Electronic Foreign Exchange Matching System has improved price discovery and market predictability, Edun added.
“We’ve seen significant reductions in leakages…
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