Finance Minister Affirms Commitment to Forex and Subsidy Reforms: No Turning Back

Finance Minister Wale Edun affirms commitment to forex and oil sector reforms.

Edun made the statement during a meeting with newly appointed Minister of State for Finance, Doris Uzoka Anitez.

  • He highlighted the establishment of a market-based foreign exchange rate and deregulated oil market pricing as essential reforms.
  • Edun emphasized that these changes have been overdue for decades and are being implemented under President Tinubu’s administration.
  • The minister expressed optimism about the potential for increased productivity, job creation, and poverty reduction through these reforms.
  • As the coordinating minister of the economy, we are on the brink of a new era to implement these reforms aimed at increasing productivity, creating jobs, and reducing poverty.
  • We are pleased to have a minister of state who will assist in actualizing the president’s reforms.- Consultation and collaboration are essential for achieving these key reforms from both public and private sectors.- Ongoing economic policies are demonstrating sustainability and signs of success.- The Minister of State for Finance reiterated her commitment to working with stakeholders in both sectors to ensure that economic growth is realized.

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