The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has assured that the federal government was committed to deepening alignment of Nigeria’s fiscal and monetary policies to stimulate economic growth.
According to a statement by the Director of Information and Public Relations in the ministry, Mr Mohammed Manga, Mr Edun expressed the commitment during a working visit to the Central Bank of Nigeria (CBN) on Monday, June 16, 2025.
He said the commitment was against the backdrop of easing of the country’s inflation rate to 22.97 per cent in May 2025, noting that discussions with the Governor of the apex bank, Mr Yemi Cardoso, were focused on sustaining the momentum to stabilising prices, boosting investor confidence, and empowering private sector-led growth.
The Minister reiterated his commitment to collaborative economic management, signalling a renewed focus on driving sustainable growth and development.
This comes as many quarters have called for alignment between both authorities— especially for the fiscal authority, which is under the handling of Mr Edun, to stimulate the country’s economy.
Last month, The Director General of the Lagos Chamber of Commerce and Industry (LCCI), Mrs Chinyere Almona, used the second year in office of President Bola Tinubu to call for a policy coordination to stimulate Nigeria’s growth.
She noted that there was growing concerns about policy coordination while acknowledging that the two years into President Tinubu’s administration has been characterised by bold macroeconomic reforms and significant policy shifts.
“While monetary authorities target inflation, fiscal policy expands through borrowing and recurrent expenditure.
“This divergence has weakened the impact of economic interventions,” she said.
Mrs Almona said for the realisation of a better business environment, government must consider enhancing its policy coordination with greater synergy between monetary and fiscal policies.