The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has expressed strong commendation for President Bola Tinubu’s economic policies, stating that they have been instrumental in creating a conducive environment for investment and economic growth in Nigeria.
Edun made these remarks on Monday during a meeting where he hosted a high-level delegation consisting of representatives from the National Agricultural Development Fund (NADF), GENESIS Energy Group, USAID, and KPMG. The meeting focused on exploring a strategic partnership centered on Solar-Powered Cold Room Storage and Logistics, an initiative aimed at bolstering Nigeria’s agricultural sector.
The delegation presented a detailed overview of their project plans, which include the deployment of solar-powered cold storage facilities across the country to minimize post-harvest losses, strengthen food security, and enhance the efficiency of Nigeria's agricultural supply chain. They also discussed how these facilities could improve logistics for farmers, ensuring that agricultural products reach consumers in optimal condition while reducing waste.
During the discussions, Edun commended the delegation's efforts, stating, “Food security is a top priority for President Tinubu’s administration.” He emphasized the critical role of innovative solutions like solar-powered cold storage in supporting farmers, creating jobs, and fostering economic resilience within the agricultural sector.
Edun also highlighted the impact of recent economic reforms introduced by the Tinubu administration. He noted that market-based pricing for fuel and foreign exchange policies have significantly stabilized the economy, making Nigeria more attractive for foreign and domestic investors. He reiterated that these reforms are not only improving economic stability but also aligning with the government’s broader goals of poverty reduction, job creation, and sustainable development.
In his closing remarks, Edun assured the delegation of the full support of the Ministry of Finance in facilitating their initiatives. He reaffirmed the government’s commitment to implementing far-reaching reforms across all sectors, further enhancing Nigeria's position as an investment destination and fostering inclusive growth.
The delegation featured notable personalities, including Akinwole Omoboriowo, CEO of GENESIS Energy; Mohammed Ibrahim, Executive Secretary of NADF; Dimeji Salaudeen from KPMG; and key representatives from USAID. Their collective expertise underscores the collaborative approach needed to address Nigeria’s agricultural challenges and unlock its full economic potential.
