Nigeria's Finance Ministry and Central Bank signed a memorandum of understanding Friday to coordinate fiscal and monetary policies, improve economic data sharing and align inflation-fighting efforts. Finance Minister Taiwo Oyedele said the agreement would institutionalize coordination between the two institutions independent of personnel changes, with both sharing data on government cash positions, financing plans and credit growth. The move reflects recognition that inflation control requires whole-of-government action, with fiscal discipline, agricultural investment and energy policy complementing monetary policy tools.
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