The Federal Government of Nigeria has welcomed the decision by the Central Bank of Nigeria to reduce the Monetary Policy Rate (MPR) by 50 basis points to 26.5 per cent, describing the move as a sign of growing confidence in the nation’s economic stabilisation.
In a statement on Tuesday, the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said the decision followed the CBN’s 304th Monetary Policy Committee meeting held in Abuja.
He noted that the rate cut reflects “strong coordination between fiscal and monetary authorities as the country transitions from stabilisation to economic consolidation.”
Edun explained that the reduction in the MPR provides the government with “fiscal space to accelerate investment in infrastructure, energy, agriculture and social services,” adding that it would support broader economic growth and improve liquidity across key sectors.
According to the minister, the Federal Government remains committed to sustaining macroeconomic stability while promoting policies that encourage private-sector investment and job creation.
