By Barth Ikiebe
Nigeria has been officially removed from the Financial Action Task Force (FATF) grey list, marking a major milestone in the nation’s economic reform journey and reaffirming its global commitment to transparency, integrity, and financial accountability.
The decision, announced at the FATF Plenary in Paris, follows two years of sustained reforms and collaboration across government and financial institutions.
Representing Nigeria, the Finance and Coordinating Minister of the Economy, Mr. Wale Edun, described the achievement as a decisive signal to investors that Nigeria is open, compliant, and ready for deeper financial integration.
“This development strengthens Nigeria’s standing within the global financial system, restoring international confidence and unlocking opportunities for foreign investment, trade finance, and private-sector growth”, Edun stated.
By addressing key deficiencies in anti-money laundering and counter-terrorist financing frameworks, Nigeria has not only enhanced its financial governance but also reinforced the foundations for sustainable economic expansion and private-sector competitiveness.
The Finance Ministry Spokesman, Mohammed Manga, said that Nigeria’s delisting represented more than regulatory compliance — it is a commitment to a transparent economy where businesses can thrive, investors can trust, and growth can be accelerated.
