The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, met with Central Bank Governor Yemi Cardoso on Monday in Abuja to discuss Nigeria’s economic direction in light of a recent decline in inflation. The strategic meeting, held at the Central Bank of Nigeria (CBN) headquarters, follows the release of May 2025 inflation figures, which showed a notable drop to 22.97 percent.
This decline marks a significant development for the Nigerian economy, and both officials emphasized the need to build on this momentum. The meeting focused on aligning fiscal and monetary strategies to sustain the downward trend in inflation and stabilize consumer prices.
According to a statement from the Ministry of Finance spokesperson, Mohammed Manga, discussions also touched on enhancing investor confidence and promoting growth through the private sector. The two leaders stressed the importance of policy synergy to strengthen macroeconomic stability.
The Finance Ministry highlighted that the meeting is a reflection of its dedication to collaborative economic management. It also signaled a more unified approach to addressing Nigeria’s economic challenges through joint policymaking between fiscal and monetary authorities.
With inflation showing signs of easing, the government appears poised to reinforce strategies that drive sustainable growth, attract investment, and support long-term development in the country.
Source: The Sun