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FG Calls For Alignment Of Fiscal, Monetary Policies To Tackle Inflation, Economic Growth

The Federal Government has underscored the imperative of aligning fiscal and monetary policies in curbing inflation, attracting investment, and fostering sustainable economic development.

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun stressed the need for the two-fiscal and monetary to align on Wednesday at a two-day Renewed Hope Agenda workshop organised by the Ministry of Finance in conjunction with the Central Bank of Nigeria, statement issued by Director of information in the ministry, Mohammed Manga said.

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, 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.

The Minister 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.

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