Nigeria’s financial markets remain stable and resilient despite recent US-led air strikes targeting Islamic State (ISIS) terrorists in Sokoto, Minister of Finance and Coordinating Minister of the Economy Wale Edun, has said.
In a statement, Edun said both domestic and international debt markets are functioning efficiently, supported by prudent fiscal management.
“Our financial markets remain resilient. Domestic and international debt markets are stable and functioning efficiently, supported by prudent fiscal management,” he said.
The comments followed reports of explosions in Sokoto and Kwara states on December 25, linked to a joint Nigeria–US security operation.
Responding to investor concerns, Edun stressed that Nigeria is not engaged in any internal or external conflict.
“Nigeria is not at war with itself, nor with any nation. What Nigeria is decisively confronting—alongside trusted international partners—is terrorism. This distinction is important, and it is fundamental to understanding the positive economic implications of recent actions,” he stated.
He said the operation was “precise, intelligence-led, and focused exclusively on terrorist elements,” adding that such actions strengthen peace and protect economic activity rather than undermine confidence.
“Security and economic stability are inseparable; every effort to safeguard Nigerians is, by definition, pro-growth and pro-investment,” Edun said.
The minister said Nigeria recorded GDP growth of 3.98 per cent in Q3 2025, following 4.23 per cent growth in Q2, and projected a stronger performance in the fourth quarter.
He added that inflation has declined for seven consecutive periods and is now below 15 per cent, reflecting improving price stability.
Over the past year, Edun said Nigeria has secured credit rating upgrades from Moody’s, Fitch, and Standard & Poor’s, describing them as independent endorsements of the country’s reform trajectory.
“As markets reopen on Monday, December 29, 2025, investors can be confident that Nigeria remains focused, reform-driven, and committed to stability,” he said.
