CBN Stresses Monetary-Fiscal Coordination for Economic Stability

The Central Bank of Nigeria (CBN) stresses the need for robust monetary and fiscal coordination to enhance economic stability. Emem Usoro, a CBN deputy governor, highlighted the challenges faced by the economy two years ago, including high inflation and exchange rate instability.

Usoro noted recent improvements such as a drop in inflation, stable exchange rates, and increased external reserves. The CBN's measures, aligned with government reforms, have helped stabilize key economic indicators.

Usoro emphasized the critical role of media in promoting transparency and accountability in economic policies.