After early promise upon coming to power in Nigeria in May, the government of Bola Tinubu has struggled to sustain its early reforming momentum. The naira hit an all-time low in mid-November, with the country facing an acute shortage of foreign currency.
Wale Edun, the country’s minister of finance and co-ordinating minister of the economy, spoke last week with Middle East and Africa editor John Everington on stage at the Africa Financial Industry Summit in Togo about further changes to the country’s foreign exchange market, efforts to investment flows from within and outside Nigeria, and the ministry of finance’s fiscal consolidation plans. The conversation has been edited for clarity and length.
