Edun made this disclosure on Thursday while fielding questions from newsmen after a meeting with investors at the ongoing Spring Meetings of the IMF and World Bank in Washington DC, United States. He said the Federal Government would pin down Ways and Means to deal with the problem of too much liquidity in the system, adding that the fiscal and monetary authorities were complementing each other to bring down inflation.
“By doing so the two authorities are working hand in hand to bring down inflation and pressure on price stability and stabilizing the exchange rate, with the target of bringing down interest rates so that investors can borrow at a more affordable rate and getting the economy going in the right direction again. “We need to borrow less and focus more on domestic resource mobilization. We want long-term resources to avoid repayment and refinancing pressures.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
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Why Nigerian govt issued N8trn treasury bills – Finance Minister, EdunMinister of Finance, Wale Edun, has said that the Nigerian Government issued N8 trillion in government security, known as treasury bills, to stabilize and boost the economy. He disclosed this in an interview with journalists on Thursday during the International Monetary Fund, IMF/World Bank spring meetings in Washington D.C.
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Olam Agri reaffirms commitment to food security, meets minister of financeNigeria's independent online newspaper
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Nigeria's Economy Moving in the Right Direction, Says Finance MinisterWale Edun, minister of finance and coordinating minister of the economy, states that Nigeria's economy is improving due to the positive impact of current administration policies. The government has made significant progress in terms of oil revenues and stabilizing the foreign exchange market.
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