As Nigeria records a slight decline in inflation to 22.97% in May 2025, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Monday paid a strategic working visit to the Central Bank of Nigeria (CBN) to reinforce cooperation between fiscal and monetary authorities.
The high-level meeting with the Governor of the CBN, Mr. Olayemi Cardoso, focused on consolidating recent macroeconomic gains and deepening alignment between fiscal and monetary policy tools to deliver price stability, investor confidence, and private-sector-driven growth.
With inflation showing early signs of moderation, both institutions reaffirmed their joint commitment to sustaining the positive trend through coordinated, data-driven interventions.
“Strengthening synergy between fiscal and monetary authorities is critical to delivering sustainable growth, restoring macroeconomic stability, and unlocking the full potential of Nigeria’s economy,” Edun emphasized during the meeting.
The session also touched on ongoing reforms, improved policy coordination, and the need to ensure that stabilization efforts translate into real-sector growth, job creation, and poverty reduction.
The visit underscored the Ministry’s proactive approach to collaborative economic governance—a strategy crucial to steering Nigeria toward inclusive and resilient development.