In a significant move signaling tighter policy coordination, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, met with Central Bank Governor Mr. Yemi Cardoso on Monday to discuss strategies for sustaining the country’s fragile economic gains as inflation marginally declined to 22.97% in May 2025.
The meeting, held at the Central Bank Headquarters in Abuja, reflects a deepening of fiscal-monetary collaboration aimed at tackling lingering macroeconomic instability, enhancing investor confidence, and steering the economy back to growth.
Sources close to the meeting confirmed that the ministers reviewed current economic indicators and discussed a joint framework to ensure fiscal discipline complements the CBN’s tightening measures.
“We’re seeing the early signs of progress, but this is a critical moment,” a senior official said. “The goal now is to build on this momentum through coordination—not isolated action.”
The Finance Ministry emphasized that aligning budgetary strategy with monetary policy is essential not only to fight inflation but also to remove distortions that have long hindered the private sector’s role in job creation and capital formation.
The visit also reflects a shift from reactive economic firefighting to a more structured, proactive approach to policy management, one that combines fiscal prudence, credible monetary tools, and public-sector transparency.
The Ministry reaffirmed its commitment to long-term structural reforms and a unified national strategy to stabilize the naira, rein in public debt, and ensure more effective deployment of resources.