The Honourable Minister of Finance and Coordinating Minister of the Economy. Mr. Wale Edun, has expressed support for the Central Bank of Nigeria’s decision. To lower the Monetary Policy Rate (MPR) by 50 basis points to 26.5%. This decision was made during the 304th Monetary Policy Committee meeting held in Abuja as seen on X.
This move signals growing confidence in Nigeria’s economic stability and demonstrates strong collaboration. Between fiscal and monetary authorities as the nation progresses from stabilisation to economic growth.
For the government, the rate cut reduces borrowing costs. Creating more room to invest in critical sectors like infrastructure, energy, agriculture, and social services. For businesses, it enhances access to credit, encourages private sector investments, and boosts job creation in key industries.
Additionally, this decision to lower the Monetary Policy Rate strengthens investor confidence. Showing that President Bola Tinubu’s reform agenda is yielding positive results. The Administration remains dedicated to sound fiscal management, structural reforms, and close cooperation. With the Central Bank to promote growth, stability, and better living standards for all Nigerians.
This is Signed by Wale Edun, OFR Honourable Minister of Finance and Coordinating Minister of the Economy
