By Goodluck Ikiebe

Nigeria’s Economic Management Team (EMT), led by Finance and Coordinating Minister of the Economy, Wale Edun, has convened in Abuja to review critical economic policies and progress in key sectors.

The meeting, according to Director Press and Public Relations, Ministry of Finance, Mohammed Manga, focused on strengthening Nigeria’s economic resilience, with presentations from the Central Bank of Nigeria (CBN) and the Ministry of Agriculture addressing foreign exchange (FX) market reforms and agricultural performance.

Other issues examined by the Team included a CBN Presentation on Enhancing FX Market Efficiency, launch of the Electronic Foreign Exchange Matching System (EFEMS) to improve transparency and market operations and
phased out high-interest FX swaps to stabilize financial markets.

It also recieved Agriculture Presentation on 2024 Wet Season Performance, 4.5% increase in overall crop production,

The EMT was briefed on 2025
Plans for Agriculture which include to boost food security with hybrid seed production, technology adoption, and climate-smart practices; to promote
-mexport crops like cocoa, sesame, and ginger and to enhance rural infrastructure through cold chain facilities, feeder roads, and electrification.

Mr Manga said the Finance Minister commended the progress made in both sectors, urging all stakeholders to accelerate efforts toward economic stability, food security, and sustainable growth.

“The Minister emphasized the need for coordinated implementation of policies to support President Bola Ahmed Tinubu’s Renewed Hope Agenda and ensure affordable food and improved living conditions for Nigerians.”

“As Nigeria looks to the future, the EMT’s focus on FX market stability and food security strategies paves the way for sustainable growth and prosperity. With continued collaboration and commitment, the country can overcome current challenges and achieve its economic goals”, Manga concluded.

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