The Minister of State for Finance, Dr. Doris Uzoka-Anite, joining the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, lead discussions on Tuesday at the G24 meetings on the sidelines of the IMF/World Bank Annual Meetings in Washington D.C.
According to a statement by the Director, Information and Public Relations of the Ministry of Finance, Mohammed Manga, the meetings provided a platform for discussions on key themes such as domestic resource mobilization, inflation, and sound macroeconomic policies.
He explained that during the meetings, Cardoso disclosed that Nigeria’s trade surplus has risen to 6% of the nation’s Gross Domestic Product (GDP) and is expected to remain at that level in the near term.
Manga said the CBN Chief attributed the improved balance of trade to sound macroeconomic policies that are beginning to yield positive results.
The CBN Governor, according to him, also highlighted the importance of maintaining sound macroeconomic policies, noting a strong correlation between disciplined economic management, growth, and disinflation.
Cardoso further disclosed that the apex bank is working on a framework to make currency swaps with other countries a win-win affair.
The Director also disclosed that Dr. Uzoka-Anite’s participation in the meetings underscores the Nigerian government’s commitment to engaging with international financial institutions and stakeholders to drive economic growth and development.
“Her presence at the G24 meetings demonstrates the government’s proactive approach to fostering economic cooperation and dialogue with global partners,” Manga said.
He noted that the meetings mark a significant step forward for Nigeria’s economic growth and development, as the country continues to engage with international financial institutions and stakeholders to drive progress and improve the lives of its citizens.
