Economy remains stable despite airstrikes in Sokoto

The Federal Government yesterday said its concerted efforts and international collaboration in tackling terrorism would have no negative effect on the overall economy.

Such decisive actions, it believes, have the potential to reinforce investor confidence and economic growth.

Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, in a statement, said the country’s security operations were designed to strengthen security rather than create uncertainty in financial or investment circles.

Edun spoke against the background of concerns in some quarters on the joint security operation conducted by Nigeria and the United States (U.S.) against identified terrorist elements in Sokoto on Thursday.

He explained that the context of the operation was crucial to understanding its broader economic implications.