In a move aimed at reinforcing macroeconomic stability, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Friday met with the Governor of the Central Bank of Nigeria (CBN), Dr. Yemi Cardoso, to strengthen coordination between fiscal and monetary policies.
The meeting comes as Nigeria records a further decline in inflation, which eased to 22.97% in May 2025 — a development officials are keen to consolidate. Discussions between the two top economic managers centred on strategies to sustain this downward trend, stabilize prices, and support investor confidence.
Both officials acknowledged that closer alignment between fiscal and monetary authorities is critical for steering Nigeria towards sustainable growth. For a country like Nigeria — facing structural economic challenges and a strong push for private sector-led development — harmonizing fiscal and monetary tools is vital to ensure coherent policy signals, efficient resource allocation, and long-term economic resilience.
The meeting also underscores the Ministry of Finance’s commitment to collaborative economic governance, with a shared focus on creating an environment conducive to investment, job creation, and inclusive development.
