Mr.
Wale Edun
Minister of Finance
Wale Edun is the Minister of Finance and Coordinating Minister of the Economy. An investment banker and close ally of President Tinubu, he oversees Nigeria fiscal policy during one of its most challenging economic periods with inflation exceeding 30%.
Promises Tracker
0/6 kept
Reduce inflation to single digit
Promised fiscal policies to bring inflation from over 30% to single digits. Inflation has remained above 30% throughout his tenure.
5%
Stabilize the Naira
Promised to stabilize the Naira through improved forex policies. The Naira has continued depreciating from N700 to over N1,800 per dollar.
8%
Implement efficient subsidy palliative disbursement
Tasked with efficient disbursement of palliative funds to cushion fuel subsidy removal. Distribution has been criticized as inadequate and poorly targeted.
30%
Increase non-oil revenue by 50%
Promised revenue diversification through tax reforms and improved collection. Some progress with new tax bills submitted.
35%
Reduce budget deficit to sustainable levels
Promised to narrow the fiscal deficit and reduce government borrowing. Deficit spending has instead increased with ways-and-means funding.
10%
Attract $10 billion in foreign direct investment
Promised to attract significant foreign direct investment through improved business climate. FDI has declined due to policy uncertainty and currency instability.
10%