The Minister of Budget and Economic Planning, Abubakar Bagudu, at the Nigeria–Germany Business Day, appealed to German businessmen to increase their investment in Nigeria. The Minister said that President Bola Tinubu’s reforms have broadened investment opportunities in the country.

The minister, at the Nigeria–Germany Business Day, themed Germany and Nigeria: Cooperating for Development and Business Promotion, highlighted the gains of the reform, including macroeconomic stability, which he said, has made the economy more predictable for investment.

According to him, Under President Bola Tinubu’s leadership, decisive measures have been implemented to restore macroeconomic stability, improve fiscal sustainability, strengthen investor confidence, and reposition the economy for long-term growth.

He explained that the key reforms, including the removal of fuel subsidies, liberalisation of the foreign exchange market, enhanced revenue mobilisation, and broader structural adjustments, were difficult but necessary measures to promote long-term, sustainable economic growth and to restore investor confidence in the country.

Bagudu told participants, including senior government officials, investors, and business leaders from both countries, that the reforms’ impact is gradually becoming apparent.

He revealed that Nigeria’s revenue performance improved significantly, with total collected revenue rising from about ₦19.9 trillion in 2023 to over ₦28 trillion in 2025, exceeding government targets.

According to the Minister, Foreign exchange reserves rose to over US$46 billion in early 2026, the highest level in almost eight years, helping to stabilise the foreign exchange market and strengthen investor confidence.

The minister explained that inflation, which had reached elevated levels during the adjustment period, has shown signs of gradual moderation.

He noted that international credit rating agencies, including Fitch and S&P Global, revised Nigeria’s outlook to Stable, reflecting growing confidence in the country’s reform trajectory and macroeconomic management.

Bagudu encouraged both Nigerian and German businesses to convert the engagements from the Business Day into concrete investments and long-term partnerships that can drive industrial growth, job creation, technology transfer, and shared prosperity between the two countries.