Fiscal, Monetary Policy Coordination Will Curb Inflation-Edun

In a bold move to revitalize Nigeria’s economy, the Federal Government has convened a two- day groundbreaking Renewed Hope Agenda workshop, championing coordination between fiscal and monetary policies.

Organised by the Federal Ministry of Finance in partnership with the Central Bank of Nigeria (CBN), the workshop aimed to strengthen the Federal Government’s technical capacity in implementing macroeconomic, monetary, and fiscal policies that are vital to Nigeria’s future growth.

In his address on critical priorities in macroeconomic and fiscal policy coordination, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, 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.

Edun reiterated President Tinubu’s strong commitment to guiding Nigeria towards economic recovery through sound policy implementation and international collaboration. He emphasized the need to leverage the workshop’s insights to ensure long-term fiscal stability and sustainable growth.

The workshop featured several sessions covering key economic areas, including Public-Private Partnerships (PPP) 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 Renewed Hope Agenda workshop, a collaborative effort between the Federal Ministry of Finance and the Central Bank of Nigeria, seeks to equip policymakers with innovative solutions for sustainable growth.

As the workshop comes to a close, policymakers are now poised to implement reforms, harness technological advancements, and foster international collaboration.