The Federal Government and the Central Bank are tightening coordination on the economy in a move focused on inflation, data sharing, forecasting and broader economic policy. Nigeria’s fiscal and monetary authorities have signed a new agreement aimed at strengthening coordination between the Federal Ministry of Finance and the Central Bank of Nigeria (CBN). The agreement provides a framework for closer cooperation on economic data, forecasting and policy coordination. The move comes as Nigeria continues to deal with inflation, government borrowing, foreign-exchange pressures and other major economic challenges. The agreement is intended to improve alignment between fiscal and monetary authorities while supporting more coordinated economic decision-making. The development is significant because fiscal decisions by government and monetary decisions by the CBN can have wide effects on businesses, consumers, borrowing costs and financial markets. Officials say the new framework is aimed at improving policy coordination and creating a more predictable economic environment.
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