KEY POINTS
- Nigeria economic stability talks held in Abuja.
- Officials push for stronger investor confidence measures.
- Fiscal and monetary alignment seen as critical.
Nigeria’s economic managers are moving to reinforce policy coordination as the government works to consolidate reforms under President Bola Tinubu.
Finance Minister Wale Edun met with Central Bank of Nigeria Governor Olayemi Cardoso in Abuja on Thursday, in a closed-door session also attended by Zacch Adedeji, head of the Federal Inland Revenue Service. The talks, according to the finance ministry, were aimed at tightening alignment between fiscal and monetary authorities.
Coordination of policies is accelerated by Nigeria’s economic stability
Officials also talked about how to boost investor confidence, preserve macroeconomic stability, and develop new growth opportunities driven by the private sector. The discussion places a strong emphasis on the need to avoid policy misalignment, which has traditionally increased inflationary pressures.
Monetary and fiscal functions are thought to work in tandem
Edun underlined that Tinubu’s larger reform plan, which also calls for raising taxes, lowering inflation, and increasing corporate credit flows, is centered on united policies. He further emphasized that cooperation between the revenue service, central bank, and finance ministry will accelerate these objectives.
Nigeria’s reform goal is linked to its economic stability
According to reports, Cardoso and Adedeji decided that further cooperation was needed. In order to control inflation, protect its currency, and foster long-term investor trust. Officials say Nigeria’s institutions must communicate closely with one another.Â
Coordination of policies is also accelerated by Nigeria’s economic stability, officials talked about how to boost investor confidence, preserve macroeconomic stability, and develop new growth opportunities driven by the private sector. The discussion places a strong emphasis on the need to avoid policy misalignment, which has traditionally increased inflationary pressures.
Monetary and fiscal functions are thought to work in tandem
Edun underlined that Tinubu’s larger reform plan, which also calls for raising taxes, lowering inflation, and increasing corporate credit flows, is centered on united policies. He emphasized that cooperation between the revenue service, central bank, and finance ministry will accelerate these objectives.
Nigeria’s reform goal is further linked to its economic stability. According to reports, Cardoso and Adedeji decided that further cooperation was needed. In order to control inflation, protect its currency, and foster long-term investor trust, officials say Nigeria’s institutions must communicate closely with one another.
