Mkpoikana Udoma
Port Harcourt — In a decisive step to stabilise Nigeria’s economy, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Friday met with the Governor of the Central Bank of Nigeria, CBN, Dr. Olayemi Cardoso, at the apex bank’s headquarters in Abuja, to strengthen monetary-fiscal coordination.
The meeting, which also had in attendance the Executive Chairman of the Federal Inland Revenue Service, FIRS, Dr. Zacch Adedeji, focused on sustaining macroeconomic stability, unlocking private sector growth, and reinforcing investor confidence in Nigeria’s economy.
Speaking at the engagement, Edun stressed that policy alignment remains central to President Bola Tinubu’s reform agenda.
“Close coordination between fiscal and monetary authorities is non-negotiable if we are to contain inflation, mobilise revenues effectively, and ensure credit flows to productive sectors,” he said.
According to him, the administration’s fiscal reforms are already yielding positive outcomes, but greater synergy with the CBN will be required to deliver sustained results.
“We are consolidating gains, but this requires consistent alignment, especially in tackling inflation and ensuring that growth is inclusive,” he added.
On his part, the CBN Governor, Dr. Cardoso, reaffirmed the apex bank’s commitment to macroeconomic stability and price management.
“The Central Bank remains focused on monetary stability, but we also recognise that our effectiveness is stronger when fiscal and monetary policy move in the same direction,” he said.
Cardoso further noted that Nigeria’s private sector growth is dependent on stable policy signals. “Investors respond to clarity and consistency. This is why today’s engagement is critical, we are sending a unified message that Nigeria is serious about stability and growth,” he stated.
FIRS Chairman, Dr. Zacch Adedeji, highlighted the importance of efficient revenue mobilisation in supporting both fiscal and monetary policy objectives.
“Our role is to ensure the government has the resources it needs to implement reforms. By expanding the tax net and blocking leakages, we will complement monetary measures to restore balance,” he said.
The tripartite meeting comes against the backdrop of persistent inflationary pressures, currency volatility, and sluggish credit to the real sector.
The engagement is expected to lay the foundation for a structured framework of collaboration between the Ministry of Finance, the CBN, and the FIRS, targeted at aligning interventions, monitoring outcomes, and building credibility around Nigeria’s economic reforms.
