Following the recent drop in July inflation figures, the minister of finance and coordinating minister of the economy Mr. Wale Edun met with his counterpart the governor, central bank of Nigeria (CBN) Mr. Olayemi Cardoso to “strengthen monetary – fiscal coordination”. The finance minister said on Tuesday.
In July 2025, the headline inflation rate eased to 21.88% relative to the June 2025 headline inflation rate of 22.22%. The inflation has been on a downward trajectory since march; due to the CBN holding a tight monetary policy rate at 27.5%
Edun reaffirmed that close alignment between fiscal and monetary policy is “critical to ensuring inflation is contained,revenues are mobilised efficiently, and credit flows effectively to productive sectors.” He said.
Meanwhile, the high-level engagement was also focused on deepening coordination between monetary and fiscal authorities to “sustain macroeconomic stability, strengthen investor confidence, and unlock private sector growth.” Edun emphasized. The Finance Minister said.
