To Tame Inflation, Edun Canvasses Alignment of Monetary, Fiscal Policies

Ndubuisi Francis in Abuja

TMinister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has stressed the importance of aligning fiscal and monetary policies to curb inflation, attract investment, and foster sustainable economic development.

He spoke in Abuja at the opening of a two-day Renewed Hope Agenda workshop on championing coordination between fiscal and monetary policies.

The workshop which was organised by the Federal Ministry of Finance in partnership with the Central Bank of Nigeria (CBN), is aimed at strengthening the federal government’s technical capacity in implementing macroeconomic, monetary, and fiscal policies that are vital to Nigeria’s future growth.

A statement issued by the Director, Information and Public Relations, Ministry of Finance, Mohammed Manga said Edun who address dwelt on ‘Critical Priorities in Macroeconomic and Fiscal Policy Coordination’, highlighted Nigeria’s current fiscal challenges while proposing innovative reforms to stimulate economic growth under the leadership of President Bola Ahmed Tinubu.

He stressed the importance of aligning fiscal and monetary policies to curb inflation, attract investment, and foster sustainable economic development.

The minister reiterated Tinubu’s strong commitment to guiding Nigeria towards economic recovery through sound policy implementation and international collaboration.

He underscored the need to leverage the workshop’s insights to ensure long-term fiscal stability and sustainable growth.

The event featured several sessions covering key economic areas, including public-private partnerships (PPPs) for infrastructure development, managing foreign currency liabilities, and driving economic growth through innovation.
Participants also explored how technological advancements can boost Nigeria’s economic competitiveness.
The seeks to equip policymakers with innovative solutions for sustainable growth.