The Central Bank of Nigeria and the Federal Ministry of Finance have signed a landmark Memorandum of Understanding (MoU) on Fiscal-Monetary Policy Coordination, formalising stronger collaboration between both institutions to support effective economic management.
The agreement strengthens coordination and information sharing on key areas including inflation, economic growth, government revenue, liquidity, public financing and exchange rate management, while safeguarding the CBN’s operational independence.
By bringing fiscal and monetary policies into closer alignment, the partnership aims to support price stability, sustainable economic growth, financial system resilience and enhanced investor confidence.
Speaking at the signing, CBN Governor, Olayemi Cardoso, reaffirmed the Bank’s commitment to sound monetary policy, macroeconomic stability and the long-term prosperity of Nigerians.
> “Today’s signing strengthens an enduring partnership and reinforces our shared commitment to work together in the national interest. Through this partnership, we can help build a more stable and resilient economy that creates greater opportunity for all Nigerians.”
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, emphasised the importance of strong institutions in building a resilient economy:
> “Strong economies are not built around strong personalities. They are built around strong institutions.”
The MoU represents a shared commitment by both institutions to strengthen policy coordination, improve outcomes and advance Nigeria’s economic stability and sustainable development.