The new head of the Nigerian treasury, officially designated ‘Minister of Finance’, Wale Edun, will have fully taken charge. But in the quest to see that all the levers of economic policy management are well aligned, the attention of analysts and others following the unfolding direction of the Nigerian economy, will shift to the person to be appointed substantive governor of the Central Bank of Nigeria, and consequently, the person to lead monetary policy during the President Tinubu’s administration.
Finance Minister Edun’s assumption of office has already raised high expectations, which will now be taken higher, with regard to the management of the fiscal policy side of executive governance, say multiple economic and financial analysts, many of whom hold the strong view that in the eight years that former president Muhammadu Buhari held sway in the political-administrative landscape of Nigeria, he was abysmally short on fiscal policy governance, with his two appointed ministers of finance arguably among the worst to have held the position in the country.