FG emphasizes relevance of fiscal, monetary policy coordination
Abdullateef Fowewe
The Federal Government has stressed the importance of coordination of fiscal and monetary policies at the Renewed Hope Agenda workshop.
The two-day workshop which according to a statement issued by the Federal Ministry of Finance on Wednesday, aimed to strengthen the Federal Government’s technical capacity in implementing macroeconomic, monetary, and fiscal policies that are vital to Nigeria’s future growth, was organised by the Federal Ministry of Finance in partnership with the Central Bank of Nigeria.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun while speaking on Critical Priorities in Macroeconomic and Fiscal Policy Coordination, during the workshop season, underscored Nigeria’s current fiscal challenges and proposed innovative reforms to stimulate economic growth under the leadership of President Tinubu.
The statement partly reads, “Edun stressed the importance of aligning fiscal and monetary policies to curb inflation, attract investment, and foster sustainable economic development.
“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.
“In his closing remarks, HM Edun 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.”
