Abuja — In a strategic move to stabilize the Nigerian economy, Honourable Minister of State for Finance, Doris Uzoka-Anite, MD, CFA, joined NRS Chairman Dr. Zacch Adedeji for a high-level working session with Central Bank of Nigeria Governor Mr. Olayemi Cardoso. The engagement signals a renewed focus on aligning fiscal and monetary policies to address pressing economic issues.

The meeting centered on achieving “total alignment” between the Ministry of Finance, the Nigerian Revenue Service (NRS), and the Central Bank of Nigeria (CBN). This approach aims to create a more coordinated economic framework to confront three critical challenges facing the country:

  1. Inflation Control and Naira Stabilization
    Nigeria has experienced sustained inflationary pressures, affecting household purchasing power and business costs. Policy misalignment can exacerbate currency volatility. By harmonizing fiscal spending with monetary controls, authorities hope to stabilize the Naira and reduce inflationary risks.
  2. Driving Sustainable National Development
    Coordinated fiscal and monetary action is critical to funding infrastructure, social programs, and development projects. Aligning government revenue strategies with central bank policies ensures that public investment supports long-term economic growth without fueling macroeconomic instability.
  3. Enhancing Revenue for Critical Infrastructure
    Efficient collaboration between fiscal and monetary authorities helps maximize revenue collection and allocation. This enables funding for priority infrastructure projects, from transportation to energy, ensuring that economic growth translates into tangible benefits for citizens.

Uzoka-Anite emphasized the importance of synergy, stating, “When our fiscal and monetary authorities work as one, the Nigerian economy grows stronger.” Analysts note that such integration is vital amid global economic uncertainty, currency fluctuations, and rising inflation.

The session is part of a broader effort to bridge policy gaps, improve predictability for investors, and strengthen Nigeria’s macroeconomic stability. Observers believe that a unified approach between fiscal and monetary authorities will not only stabilize the economy in the short term but also support long-term prosperity and inclusive growth.

The meeting underscores Nigeria’s commitment to evidence-based, coordinated economic governance, reflecting a proactive stance to tackle systemic challenges and create a resilient economy capable of sustaining growth and development for its citizens.

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