The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Monday visited the headquarters of the Central Bank of Nigeria (CBN) in Abuja to strengthen collaboration between fiscal and monetary authorities, as inflationary pressures begin to moderate.
A statement from the Ministry of Finance said the meeting comes in the wake of new data released by the National Bureau of Statistics (NBS), which showed that Nigeria’s headline inflation decelerated to 22.97 percent in May 2025—marking a marginal but significant shift in economic direction after months of persistent increases.
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During their discussion, both sides examined strategies to consolidate this progress and ensure that macroeconomic gains are not only sustained but translated into tangible benefits for the broader economy.
According to the statement after the meeting, the Minister and CBN officials reviewed ongoing policy reforms and examined how closer coordination between fiscal and monetary levers can help stabilise prices, restore investor confidence, and unlock new pathways for private-sector-driven growth.
The visit also signals an increasing willingness by both institutions to adopt a united front in driving Nigeria’s medium- to long-term economic recovery and development agenda.