Finance Minister Edun, CBN Governor Cardoso Meet to Align Fiscal and Monetary Policies Amid Easing Inflation

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, held a strategic meeting today with Central Bank Governor Dr. Yemi Cardoso to deepen coordination between fiscal and monetary policies, following recent signs of inflationary relief.

The meeting comes as inflation dipped to 22.97% in May 2025, the lowest in several months, offering cautious optimism for economic recovery. According to a statement from the Federal Ministry of Finance, the discussions aimed at “sustaining and accelerating” the gains made so far in price stability.

The dialogue between the Ministry of Finance and the Central Bank of Nigeria (CBN) reflects a commitment to “collaborative economic management” and was positioned as a crucial step toward strengthening investor confidence and driving private sector-led growth.

Analysts say that consistent alignment between fiscal and monetary authorities is critical to consolidating macroeconomic stability, improving exchange rate conditions, and creating a more enabling environment for domestic and foreign investment.

The Finance Ministry also emphasised that today’s engagement signalled a “renewed focus on sustainable growth and development.”

The meeting highlights a broader strategy by the Tinubu administration to coordinate key policy levers in order to achieve the government’s medium-term economic objectives, including inflation control, FX market reform, and revenue mobilisation.