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 have started slowing down food inflation.
The minister spoke virtually with newsmen on Tuesday from Washington DC where he is attending the IMF-World Bank Spring Meetings.
Edun said himself and Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, are in Washington DC to showcase the progress made so far in the Nigerian economy.
However, on Monday, the National Bureau of Statistics (NBS)’s Consumer Price Index (CPI) report showed that the food inflation rate in March 2024 stood at three point six two percent ,showing a decline of zero point one seven percent from February 2024, when it was three point seven nine percent .
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