Food inflation slowing, FG’s revenue up, economy in right direction — Edun

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The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the Nigerian economy is moving in the right direction as policies of the new administration has started slowing down food inflation.

The minister spoke virtually on Channels Television’s Business Incorporated programme on the sidelines of the IMF-World Bank Spring Meetings in Washington, DC, USA.

The finance minister said, “The Economic Team of President Bola Ahmed Tinubu is here to showcase the progress so far of his bold, courageous and strategic reforms of the Nigerian economy in order to get it stabilised and get investment in to get it growing again. “If you look closely at the numbers that came out yesterday , you will see that there is a slowing of the rate of increase of food inflation, things are moving in the right direction, government revenues are up, even oil revenues are up but not as much as we will like.

 

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