Edun, Olukoyede and Cardoso engaged in a strategic discussion focused on stabilising the naira and enhancing the efficiency of Nigeria’s financial system.
By Jeffrey Agbo
Minister of Finance and Coordinating Minister for the Economy, Wale Edun, on Friday held a strategic meeting with the governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede.
A statement released by the Federal Ministry of Finance said the meeting was to strategise on stabilising the naira which has been on a downward slope.
The statement said, “This afternoon at Finance HQ, HM Finance & Coordinating Minister for the Economy, Wale Edun, EFCC Chairman Ola Olukoyede and CBN Governor Olayemi Cardoso, engaged in a strategic discussion focused on enhancing the efficiency of our financial system and stabilising the Naira.
READ ALSO: CBN denies planning to convert $30b domiciliary deposits to Naira
“The meeting highlighted our continuous efforts in aligning monetary and fiscal policies, underscored by a commitment to the rule of law.
“The EFCC Chairman reaffirmed the Commission’s support for these initiatives, emphasising his dedication to enhancing the integrity of financial regulations.”
The meeting came amid efforts to bridge the gap between the official and black market exchange rates.
The EFCC recently raided unauthorised foreign exchange operators in Abuja.