Nigeria has officially transitioned from economic stabilisation to consolidation, implementing reforms aimed at promoting private-sector-led growth, strengthening institutions, and boosting investor confidence. The announcement was made by Finance Minister and Coordinating Minister of the Economy, Wale Edun, during the World Economic Forum (WEF) annual meeting at Nigeria House in Davos, Switzerland. Minister Edun emphasised the government’s commitment to fiscal discipline, macroeconomic stability, and creating a predictable, investor-friendly environment.

The International Monetary Fund (IMF), in its January 2026 World Economic Outlook, noted that Nigeria’s stabilisation policies are beginning to yield tangible results. The report highlighted the country as a key example of policy adjustments improving growth forecasts for Sub-Saharan Africa.

Complementing these reforms, Minister of Budget and Economic Planning, Senator Abubakar Bagudu, highlighted the federal government’s Cassava Bio-ethanol Value Chain Development Project during a workshop for stakeholders in the South East zone. Bagudu projected annual foreign exchange savings of N3 trillion and said blending bio-ethanol with Premium Motor Spirit (PMS) could reduce fuel imports, enhancing Nigeria’s energy security.

The initiative aligns with the national bio-economy policy and a circular economy approach, encompassing the entire value chain—from high-quality cassava stems to CO2 captured during fermentation and annual feeds from distillery grains. Director of Economic Growth, Auwal Mohammed, noted that the program aims to empower 14 million smallholder farmers, giving them central roles in this expanding sector.

Through a ‘Triple-Helix knowledge transfer partnership,’ the project provides disease-resistant cassava varieties, technology adoption, market access, and infrastructure support. Director of Agriculture at FMBEP, Olaifa Alade, explained the workshop’s goal was to enhance stakeholder capacity for effective implementation, bridging industrialisation, energy transition, and rural empowerment.

Director of Information and Public Relations, Osagie Jacobs, reaffirmed the Ministry’s commitment to monitoring and policy support, ensuring that pilot-phase successes translate into national growth. Nigeria House continues to serve as a key hub at the WEF for dialogue and investment promotion, highlighting the country’s strategic position as an emerging destination for sustainable, long-term investment amid global uncertainty.