The workaholic Minister of Finance and Coordinating Minister of the Economy Mr. Wale Edun, known for working Saturdays and Sundays, has insisted on a low-key wedding for his son Tobi Edun who would be tying the knot with his childhood sweet heart. Characteristically, being Nigeria’s finance minister, the “who is who” across the spectrum would grace the occasion to lavish splendour. The minister has however insisted on a low-key ceremony. Friends and associates aren’t surprised considering his serious-mindedness, modesty and passion for economic growth.
Staff and watchers attribute his decision to his long standing desire to continually tame general inflation caused by the removal of oil subsidy and the unification of the naira, policy reforms experts have opined are essential to stabilise the economy towards sustainability.
With Fitch upgrading Nigeria to ‘B’ as at the April 11, 2025, fair to say the minister is doing something right. Fitch Ratings upgraded Nigeria’s Long-Term (LT) Foreign-Currency (FC) Issuer Default Rating (IDR) to ‘B’ which is highly commendable. The finance minister is however focused on food security and curbing general inflation whilst improving the welfare of Nigerians.
Nigeria’s annual inflation rate dropped to 23.18% in February 2025, the lowest since June 2023, from 24.48% in January. Meanwhile, food inflation eased to 23.51%, marking its lowest since September 2022, compared to 26.08% in the previous month. Whilst we all endure the pains of the unavoidable reforms, the minister is taking a good step for the long benefit of Nigeria.
Congratulations to the Edun family.