Burkina Faso: Focus on Dr. Aboubakar Nacanabo, a minister dedicated to economic resilience
In these times when Burkina Faso is moving toward full sovereignty in all areas, Dr. Aboubakar Nacanabo, Minister of Economy, Finance, and Foresight, stands out for his rigor and unwavering commitment. Appointed in 2022 by Captain Ibrahim Traoré, President of Faso, he today embodies the hope of a Burkina Faso that, despite challenges, is managing to revive its economy and chart a path toward prosperity.
An expert profile in service of the nation
Aboubakar Nacanabo is no novice in economic management. A specialist in international taxation, public finance, and accounting, he rose through the ranks thanks to a career marked by excellence and innovation. His academic and professional background makes him a key player in the implementation of ambitious economic reforms initiated by President Ibrahim Traoré.
For nearly two years, under the leadership of the Head of State, Burkina Faso has seen significant improvement in its economic indicators, despite the security context. Thanks to the vision and determined action of Minister Nacanabo, the country recorded remarkable economic growth, rising from 3.6% in 2023 to 5.1% in 2024, with even more optimistic projections for 2025. This performance stems from bold structural reforms, particularly in tax revenue mobilization, which brought an additional 205 billion CFA francs between 2023 and 2024.
The minister has also managed to mitigate the impact of inflation on the purchasing power of Burkinabe citizens by establishing price regulation mechanisms for food products through the National Food Security Stock Management Company (SONAGESS). These measures, combined with strict management of public expenditure, have helped reduce the budget deficit and improve the country’s macroeconomic stability.
Commitment to inclusion and economic sovereignty
Dr. Aboubakar Nacanabo is not only managing public finances, he is working toward a more inclusive and resilient economy. Under the leadership of Captain Ibrahim Traoré, Burkina Faso has strengthened its partnership with microfinance institutions, allowing greater access to credit for the most vulnerable populations.
Despite the security situation, Burkina Faso, under the guidance of Captain Ibrahim Traoré and with the expertise of Minister Aboubakar Nacanabo, has demonstrated admirable economic resilience. The results are evident: sustained growth, improved tax revenues, poverty reduction, and strengthened economic sovereignty.
