Edun, Cardoso meet over 22.97% drop in inflation

From Adanna Nnamani, Abuja

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Monday met with the Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso, to strengthen coordination between fiscal and monetary policies.

The meeting, which held at the CBN headquarters in Abuja, followed the latest inflation data which showed a decline to 22.97 per cent in May 2025.

According to a statement by the Spokeperson for the Ministry of Finance, Mohammed Manga, discussions centred on sustaining and accelerating the downward trend in inflation, stabilising prices, boosting investor confidence, and promoting private sector-led growth.

“This meeting underscores the Ministry’s commitment to collaborative economic management, signalling a renewed focus on driving sustainable growth and development in Nigeria ,” the statement said.