Edun, Cardoso Strengthen Economic Policy Coordination

By Babagana Jidda

Kanempress

March 23, 2025

FG, CBN Align Strategies for Growth and Stability

In a major move to boost economic stability and investor confidence, the Minister of Finance, Wale Edun, and the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, have deepened collaboration on fiscal and monetary policies.

At a high-level meeting in Abuja, both officials reaffirmed their commitment to aligning policies that will enhance macroeconomic stability, sustainable growth, and long-term financial management. This effort is part of President Bola Tinubu’s broader economic reform agenda, aimed at driving inclusive development and economic resilience.

A New Era of Policy Coordination

The meeting focused on:

Synchronizing fiscal and monetary policies to create a stable and predictable economic environment.

Strengthening investor confidence by promoting transparent and consistent economic policies.

Tackling inflation and stabilizing the naira, particularly addressing rising food prices and foreign exchange fluctuations.

Edun emphasized that Tinubu’s administration is committed to economic stability, with recent inflation control measures showing positive results.

Customs Launches Major CSR Initiative

Meanwhile, the Nigeria Customs Service (NCS) has launched a Corporate Social Responsibility (CSR) initiative known as “Customs Cares”, committing 4% of its annual wage bill to social development projects.

At the program’s launch in Abuja, Customs Comptroller General, Bashir Adeniyi, highlighted the initiative’s nationwide impact, focusing on:

Education: Adoption of schools, provision of learning materials, and scholarships.

Infrastructure Development: Rehabilitating public facilities, particularly in border communities.

Community Empowerment: Partnering with local stakeholders to improve livelihoods.

Adeniyi noted that each customs officer will contribute 50% of one month’s salary, demonstrating a collective commitment to national development.

A Shared Vision for Economic Prosperity

Both initiatives—the FG-CBN policy alignment and the Customs CSR program—reflect President Tinubu’s Renewed Hope Agenda, which prioritizes economic growth, financial stability, and social inclusion.

With coordinated policies and strategic investments, Nigeria is positioned for long-term economic resilience, ensuring sustainable prosperity for future generations.