Edun: FG Has Exited Ways, Means Financing, Says Economic Reforms Bearing Fruit

•Tells manufacturers to keep dialoguing with CBN on unsettled FX forward contracts •MAN: Unsettled FX forwards behind losses being booked by big manufacturers •Dangote tells FG to support local manufacturing, investment •Rewane: FG should write off DISCOs’ indebtedness Dike Onwuamaeze Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, declared yesterday in Lagos that the federal government had exited funding of its financial responsibilities through Ways and Means. Edun said the government was putting in place a world-class treasury and liability management system that would take Nigeria to where it should be in terms of financial management.

The minister spoke at the 2024 Access Corporate Forum, with the theme, “Nigeria’s Economic Rebirth: Hopes and Implications.” He stated that evidence from data had shown that President Bola Tinubu’s economic reforms had started bearing fruit. Managing Director of Access Bank Plc, Mr.

Roosevelt Ogbonna, explained that the forum was meant to ensure that the public had a clear policy direction regarding the government and its plan for businesses by giving them insight into economic realities and opportunities. President of Dangote Group, Alhaji Aliko Dangote, told the corporate forum that it was necessary for government to truly support local manufacturing, saying this is more effective than travelling abroad to beg for foreign investments. Managing Director of Financial Derivatives Company Limited.