The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has welcomed the decision of S&P Global Ratings to revise Nigeria’s outlook to Positive from Stable, while affirming the country’s long-term ‘B-/B’ sovereign credit rating.
In a statement issued in Abuja on Friday, Edun described the development as “yet another clear signal” that the bold economic reforms being implemented by the Tinubu administration are gaining international recognition.
The minister noted that the improved outlook from S&P aligns with similar positive assessments issued earlier in the year by Moody’s and Fitch Ratings. With this latest action, he said, all three major global ratings agencies now acknowledge the significant progress Nigeria is making in stabilising and strengthening its economy.
“This alignment reflects tremendous confidence in the direction of our fiscal, monetary, and structural reforms, and in the renewed strength and stability of our economy,” Edun said.
He added that S&P’s review confirms that Nigeria’s reform agenda is beginning to yield measurable results, citing improved growth prospects, stronger external reserves, and clearer monetary policy outcomes.
According to him, the reforms—though challenging—are establishing the foundation for inclusive and sustainable economic growth.
Edun praised President Bola Ahmed Tinubu for what he called “unwavering leadership and political courage” in pushing through reforms that had long been overdue. He also commended Nigerians for their resilience and patience as the government works to restore stability and unlock growth.
“We will continue to implement well-coordinated policies that restore macroeconomic stability, attract investment, and create opportunities for our citizens,” he said, adding that the confidence shown by global ratings agencies strengthens the administration’s resolve to build a more dynamic and prosperous economy.
The statement was signed by Wale Edun on 15 November 2025.
