Nigeria’s Finance Minister, Wale Edun, Announces Decline in Food Inflation, Pledges Sustained Efforts
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has revealed that food inflation is on a downward trend, with the government dedicated to sustaining this progress. Speaking at the National Economic Dialogue in Abuja, Edun noted that overall inflation has decreased to 33 percent, a one percent drop from the previous month, and stressed the government’s commitment to continuing this trajectory.
Edun assured Nigerians of the government’s focus on ensuring affordable food prices and highlighted the critical role of the private sector in driving the agricultural sector. He stated, “The government has its role to play, but the private sector clearly has an important role… The goal of the administration is to ensure a reduction in food inflation and increased availability of affordable food in the short term.”
The minister also discussed initiatives to enhance the business environment and attract investments, referencing the recent introduction of the “First US Dollar Domestic Bond Financing” as a step in this direction. Emphasizing the importance of persistence in economic reforms, Edun remarked, “When you do not succeed at first, you must keep trying… staying on the path is essential for achieving success.”
