CURRENT REPORT BLOG The governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso, have met with Wale Edun the minister of finance and coordination for the economy, and the chairman of the Economic and Financial Crimes Commission (EFCC) Ola Olukoyede, in an effort to stop the depreciation of the Naira against the US dollar.
According to our reporters, the three convened yesterday to devise new tactics aimed at restoring stability to the Naira, which has been experiencing an unrestricted supply in the market.
The Federal Ministry of Finance issued a brief statement confirming the meeting. According to the statement, the three had a strategic conversation about how to improve our financial system’s effectiveness and stabilise the Naira.
“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.
“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 statement reads.
