The Minister of Finance, Wale Edun, has stated that President Bola Tinubu's administration is on course to lift many Nigerians out of poverty.

He reported that the Nigerian economy is experiencing a positive growth rate of 2.99 percent, which surpasses the 2.3 percent growth observed in the first quarter of 2023.

Edun announced this during the presentation of his Ministry's performance, marking one year of Tinubu's tenure, in Abuja on Tuesday, May 28, 2024.

He emphasized that the improvement in economic growth underscores the effectiveness of President Bola Tinubu's economic policies.

Regarding agriculture in Nigeria, Edun noted that the sector is experiencing marginal growth. He added that the finance sector is anticipated to play a significant role in combating inflation.

He stated, "The growth in agriculture provides the monetary authorities with the leverage needed to stabilize foreign exchange (FX) rates. By continuing on this path and intensifying our efforts, we are confident in our ability to lift many Nigerians out of poverty."