The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the reforms introduced by President Bola Tinubu’s administration have effectively dismantled the dollar black market and boosted the federal government’s revenue to 6.9 Trillion Naira between January and April 2025.
Edun made this known during the second quarter 2025 citizens and stakeholders’ engagement session, noting that the figure represents a 40 percent increase compared to the 5.2 Trillion Naira recorded during the same period in 2024.
According to him, these reforms have restored credibility to Nigeria’s financial system, provided a more predictable environment for investors, and eliminated unproductive economic incentives.