The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, met with the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, to discuss strengthening coordination between fiscal and monetary policies following a decline in inflation to 22.97% in May 2025.
The meeting, which held at the CBN headquarters in Abuja, aimed to sustain and accelerate the downward trend in inflation, stabilize prices, boost investor confidence, and promote private sector-led growth.
According to a statement by the Spokesperson for the Ministry of Finance, Mohammed Manga, discussions centered on collaborative economic management, signaling a renewed focus on driving sustainable growth and development in Nigeria.
The meeting underscores the Ministry’s commitment to working with the CBN to achieve economic stability and promote economic growth.
The decline in inflation is a welcome development for the Nigerian economy, and the meeting between Edun and Cardoso highlights the government’s determination to build on this momentum.
By strengthening coordination between fiscal and monetary policies, the government aims to create a more stable and conducive economic environment that supports private sector growth and investment.
