Market News

By Sami Tunji

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, and the Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, have pledged to strengthen coordination between fiscal and monetary authorities to consolidate Nigeria’s economic stability.

The commitment followed a strategic meeting held on Tuesday at the CBN headquarters in Abuja, attended by the Chairman of the Federal Inland Revenue Service, Dr Zacch Adedeji.

According to a statement issued by the Director of Information and Public Relations at the Ministry of Finance, Mohammed Manga, the high-level talks focused on sustaining macroeconomic stability, boosting investor confidence, and unlocking private sector growth.

“The high-level engagement focused on deepening coordination between monetary and fiscal authorities to sustain macroeconomic stability, strengthen investor confidence, and unlock private sector growth,” the statement read.

Edun reaffirmed that aligning fiscal and monetary policies was central to President Bola Tinubu’s reform programme.

“The minister reaffirmed that close alignment between fiscal and monetary policy is critical to consolidating President Bola Tinubu’s reform agenda, ensuring inflation is contained, revenues are mobilised efficiently, and credit flows effectively to productive sectors,” the statement noted.

It added that the meeting was designed to send “a strong signal of the government’s determination to work towards a more stable and prosperous economic future for all Nigerians.”

The statement further noted that while the country is navigating “complex global and domestic challenges,” the government remained committed to reforms that would unlock new opportunities for growth and prosperity.