The Minister of Finance and Co-ordinating Minister of the Economy, Wale Edun, has said he believes the country is on the path to recovery, saying Nigeria was heading to economic disaster before President Bola Tinubu assumed office in May 2023.

Edun disclosed this when he appeared before the House of Representatives on the second edition of its sectorial debates and dialogue as part of its periodic policy brief series.

Key financial sector stakeholders include the Minister of Budget and Planning, Atiku Bagudu; the Governor of the Central Bank of Nigeria, Olayemi Cardoso; and the Chairman of the Federal Inland Revenue, FIRS, Zacch Adedeji.

Edun hinted at the wasteful and unsustainable way the country’s economy was run before the current administration.

The finance minister assured Nigerians of the president’s resolve to improve the state of the economy, even as he acknowledged the challenges that Nigerians are going through.

In his remarks, the CBN governor addressed the rising cost of living.