Edun, Cardoso Vow Stronger Fiscal and Monetary Policy Alignment to Boost Nigeria’s Economy

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, have pledged closer collaboration between fiscal and monetary authorities to stabilize and grow the nation’s economy. The renewed commitment was made during a high-level meeting on Tuesday at the CBN headquarters in Abuja, which also had in attendance the Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji.

According to a statement from the Ministry of Finance’s Director of Information and Public Relations, Mohammed Manga, discussions centered on sustaining macroeconomic stability, strengthening investor confidence, and unlocking opportunities for private sector-led growth. The meeting, described as strategic, highlighted the government’s plan to deepen coordination as part of ongoing economic reforms.

Edun emphasized that aligning fiscal and monetary policies is at the heart of President Bola Tinubu’s economic reform agenda. He explained that closer coordination would help ensure inflation is managed effectively, government revenues are mobilized more efficiently, and credit flows are directed toward productive sectors of the economy.

The statement further noted that the engagement was meant to signal the government’s determination to create a stable, predictable, and business-friendly environment. “This high-level dialogue underscores Nigeria’s resolve to build investor trust, strengthen macroeconomic foundations, and chart a path to sustainable prosperity,” it read.

Despite facing global and domestic headwinds, both Edun and Cardoso reassured that the Tinubu administration remains committed to bold reforms aimed at unlocking new opportunities for inclusive growth. They stressed that fiscal and monetary alignment will be crucial in navigating challenges and securing long-term economic stability for Nigeria.

Source: Punch