The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Wednesday chaired a high-level Fiscal Data Harmonisation Meeting, where he stressed the urgency of Nigeria having accurate, timely, and comprehensive economic data to enhance investor confidence and economic stability.
The meeting was attended by the Honourable Minister of State for Finance, Dr Doris Uzoka-Anite; the Accountant General of the Federation, Shamsedeen Babatunde Ogunjimi; and the Director General of the Budget Office, Mr Tanimu Yakubu, among other key officials.
During the meeting, the Minister of Finance and Coordinating Minister of the Economy highlighted that the country was facing discrepancies in fiscal data across government institutions, which have affected Nigeria’s credit ratings and borrowing capacity.
Minister Edun emphasised the need for synergy between agencies such as the Budget Office, the Accountant General’s Office, and the Debt Management Office (DMO). He stated: “Delivering accurate and comprehensive fiscal data is critical to economic stability and investor confidence.”
Attendees agreed on the establishment of a Fiscal Data Coordination Framework, which includes a main committee, a subcommittee, and technical teams dedicated to standardising fiscal reporting methodologies and economic assumptions.
Minister Edun reaffirmed that Nigeria must take ownership of its fiscal data credibility, reducing dependence on external institutions. The meeting concluded with a firm commitment to implementing the framework, reinforcing transparency, strengthening investor confidence, and enhancing Nigeria’s economic outlook.
