CBN to strengthen monetary, fiscal policy coordination

The Central Bank of Nigeria has begun moves to strengthen the level of coordination between monetary and fiscal policy instruments, following the challenges currently facing the economy.

This, according to the apex bank, would help to achieve the broad objectives of macroeconomic growth in the country.

The Deputy Governor, Economic Policy, CBN, Dr Sarah Alade while speaking at the opening session of the Fiscal Liquidity Assessment Committee retreat in Abuja said there is need to strengthen the joint effectiveness of of monetary and fiscal policies in the country.

Speaking on the theme, “Can monetary or fiscal policy alone achieve macroeconomic stability and growth,” the DG said the recent emerging challenges facing the country had made it imperative for the monetary and fiscal authorities to better coordinate their activities.