FG says Moody’s positive outlook validates Nigeria’s economic reforms
The Federal Government has welcomed Moody’s Ratings’ decision to revise Nigeria’s sovereign credit outlook from ‘stable’ to ‘positive’, describing the move as external validation of the Tinubu administration’s macroeconomic and fiscal reforms. The post FG says Moody’s positive outlook validates Nigeria’s economic reforms appeared first on Nairametrics .
The Federal Government of Nigeria has welcomed Moody’s Ratings' decision to upgrade the country's sovereign credit outlook from 'stable' to 'positive'. This change, announced by Moody's on August 28, 2026, validates the Tinubu administration's macroeconomic and fiscal reforms. The Federal Ministry of Finance revealed this in a statement signed by the Minister of Finance, Taiwo Oyedele, on Saturday, August 29, 2026.
Moody's maintained Nigeria's long-term foreign and local currency issuer ratings at B3, reflecting positive changes in the country's external position, foreign exchange market, reserves, and monetary policy transmission. These improvements are a result of several years of economic reforms, including the removal of the fuel subsidy, exchange-rate unification, and tax reforms.
The Federal Government aims to position Nigeria towards investment-grade status, which requires further enhancements in domestic revenue mobilisation, spending efficiency, and debt affordability.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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