The Federal Government has announced plans to deepen coordination between fiscal and monetary policies to drive economic reforms, boost investor confidence, and accelerate private sector-led growth.

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, met yesterday with the Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, and the Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, at the CBN headquarters in Abuja.

According to a statement released by the Ministry of Finance on its official X handle, the meeting was convened to sustain macroeconomic stability, consolidate ongoing reforms, and ensure closer collaboration among the country’s key economic managers.

Edun stressed the importance of synergy, noting that alignment between fiscal and monetary authorities is vital to consolidating President Bola Tinubu’s reform agenda. He added that such coordination would help contain inflation, mobilise revenues more efficiently, and channel credit effectively to productive sectors of the economy.

The renewed push for stronger policy coordination comes amid criticisms of the previous administration, where the absence of synergy between fiscal and monetary authorities was said to have created policy inconsistencies, slowed growth, and discouraged private sector participation.

With inflation showing signs of easing, relative stability in the exchange rate, and urgent need to attract foreign investment, the government’s renewed engagement signals its determination to close policy gaps.

Dr. Wahab Balogun, Managing Director and Chief Executive Officer of Ambosit Capital Managers, described the meeting as significant. “The presence of the finance minister, the CBN governor, and the FIRS chairman at the same table suggests a more integrated approach to tackling revenue shortfalls, inflation management, and credit delivery to critical sectors of the economy,” he said.

While no specific measures were announced, Balogun expressed optimism that “the discussions will shape upcoming fiscal and monetary strategies, especially as the government continues to push reforms designed to stabilise the economy and stimulate growth.”