CME/HM Finance, CBN Governor, and FIRS Chairman Convene to Enhance Monetary-Fiscal Coordination

In a significant move towards bolstering Nigeria’s economic framework, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, convened a high-level meeting on Tuesday with key financial leaders: Dr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), and Dr. Zacch Adedeji, Chairman of the Federal Inland Revenue Service (FIRS). The meeting took place at the CBN Headquarters in Abuja.

The primary objective of this engagement was to strengthen the coordination between fiscal and monetary authorities, a crucial step for safeguarding macroeconomic stability, enhancing investor confidence, and driving private sector-led growth. This initiative aligns with President Bola Tinubu’s Renewed Hope Agenda aimed at revitalizing the nation’s economy.

Following the discussions, Mr. Edun underscored the importance of closer alignment between fiscal and monetary policies to solidify the achievements of the administration’s reforms. He highlighted how this collaborative approach is essential for containing inflation, improving revenue mobilisation, and ensuring that credit flows into productive sectors of the economy. The meeting marks a proactive effort towards creating a more stable and growth-oriented economic environment in Nigeria.