The Minister of Finance, Adebayo Olawale Edun, has assured Nigerians that the federal government’s economic reforms have positioned the country to attract more investment, create jobs, and reduce poverty.

Speaking after the Federal Executive Council meeting in Abuja, Edun stated that President Bola Tinubu’s administration remains focused on achieving a $1 trillion economy by 2030, with a 7% annual GDP growth target by 2027 as a key milestone.

According to him, the economic management team has been directed to review charges, fees, and deductions across sectors to identify possible savings.

Commenting on the recent controversial customs charges reintroduction for vehicle importers, the minister noted that the Comptroller General of Customs, Wale Adeniyi had recently appeared before the National Assembly and acknowledged that while the law stipulates a 4% Free on Board (FOB) charge, consultations with stakeholders are ongoing to determine a practical and acceptable implementation approach.

He further noted that by the first quarter of 2026, the government plans to roll out the National Single Window Trade Modernization, Trade Facilitation, and Revenue Improvement Program. According to him, the initiative will make Nigeria’s exports and imports “more efficient, more cost-effective, and more competitive.”

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