Nigeria has made a significant leap to strengthen its financial integrity, since it intensifies the efforts to get out of the Gray list of the Financial Action Task Force (FATF) in the second quarter of 2025, to reinforce investor confidence and unlock new economic opportunities.
The Minister of State for Finance, Dr. Doris Uzoka-Anite, declared this on Friday in his office in Abuja when he met with the ministries, departments and agencies (MDA) relevant to the federal government to discuss the country's efforts to get out of the Gray list.
The minister emphasized the government's commitment to guarantee the elimination of Nigeria from Gray's list, saying that “we are tirelessly working to address the remaining deficiencies in our AML/CFT regime, and we are sure that our efforts will produce positive results.”
Dr. Uzoka-Anite reiterated that the Government has ordered all relevant agencies to take immediate and decisive measures to meet the requirements of FATF.
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“We recognize the importance of leaving the Gray list, not only for our national interest but also for the confidence of the global community in our financial systems. Therefore, all hands must be on deck to guarantee the realization of these objectives, ”added the minister.
She explained that Nigeria's efforts to strengthen her AML/CFT regime aim to demonstrate the country's dedication to maintain international standards.
“We are committed to implementing the necessary reforms to safeguard Nigeria's financial integrity and promote global trust in our economy,” said Dr. Uzoka-Anite.
The minister assured that the government is committed to defending the highest standards of transparency and cooperation in their efforts to get out of the Gray list.
“We are sure that our collective efforts will produce positive results and will even more strengthen Nigeria's position in the global economy, in line with the renewed agenda of hope of the administration led by President Bola Ahmed Tinubu,” he said.
Mohammed Manga, director, information and public relations, as Nigeria continues on his way to compliance, the successful elimination of the Gray list will not only strengthen the confidence of investors and unlock new economic opportunities, but also demonstrate the dedication of the country to maintain international standards and promote a safer and more transparent global financial system.
Nigerian tribe