The Federal Government says Nigeria’s economy remains stable despite a joint Nigeria–US anti-terror operation in Sokoto on Christmas Day
The Federal Government has reassured investors and international partners of Nigeria’s economic stability following a joint security operation by Nigerian and United States forces in Sokoto State.
The operation took place on Christmas Day and targeted camps linked to the Islamic State group.
Security forces killed several terrorists, with no reported civilian casualties.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, gave the assurance in a statement dated Sunday and released on Monday via X.
Edun said the operation was intelligence-led and should not be misinterpreted as a sign of internal conflict or instability.
He stressed that Nigeria was not at war with itself or any other nation. He said the country was confronting terrorism in partnership with trusted allies.
“In light of recent enquiries, I wish to reassure investors and partners that Nigeria is not at war,” the statement read.
“What Nigeria is decisively confronting is terrorism, alongside trusted international partners.”
Edun said the security action was precise and focused on protecting lives, national stability, and economic activity.
He added that such actions strengthened peace, safeguarded communities, and supported sustainable economic growth.
“Security and economic stability are inseparable. Every effort to protect Nigerians is pro-growth and pro-investment,” he said.
The minister cited recent macroeconomic indicators to support his position.
He said Nigeria recorded 3.98 per cent GDP growth in the third quarter of 2025.
This followed a 4.23 per cent growth in the second quarter. He said a stronger performance was expected in the fourth quarter.
Edun also said inflation had slowed for the seventh consecutive period and had fallen below 15 per cent.
He attributed the improvement to coordinated fiscal and monetary policies.
On financial markets, Edun said domestic and international debt markets remained stable and efficient.
He added that Nigeria had received credit rating upgrades from Moody’s, Fitch, and Standard & Poor’s over the past year.
Edun said the upgrades reflected confidence in the government’s reforms and economic direction.
He stated that President Bola Ahmed Tinubu’s economic focus for 2026 was to consolidate recent gains and strengthen resilience.
“As markets reopen on Monday, December 29, 2025, investors can remain confident in Nigeria’s stability,” Edun said.
He added that Nigeria remained open for business and firmly focused on the future.