Di Federal Government, on Monday, don set up one strong inter-agency committee to make sure all di Ministries, Departments and Agencies (MDAs) dey use di same macroeconomic numbers for budgeting and economic planning.

Dis decision be one of di main tins wey come out from di meeting of di Economic Management Team (EMT), wey di Minister of Finance and Coordinating Minister of di Economy, Mr. Taiwo Oyedele, chair for Abuja.

Di committee go work to align key economic assumptions, like crude oil price and production benchmarks, exchange rate, inflation, and non-oil revenue projections wey di fiscal and monetary authorities dey use, so dat budget go get better credibility and economic policy go dey coordinated well-well.

Dis move follow findings from one joint budget retreat and technical validation workshop wey talk say part of why di country budget no dey perform well na becos different government bodies dey use different macroeconomic assumptions, according to one statement from di Ministry of Finance.

Di committee go also settle di matter of different figures wey dey show for government reports and for official messages to investors, development partners, and di public.

Di EMT also approve measures to strengthen how dem dey run tins, by expanding dia work to include regular checks on macroeconomic performance, better coordination between fiscal and monetary policy, monitoring of di Renewed Hope Agenda, and regular assessment of how Federal Government dey finance itself.

As part of di new arrangement, di EMT go now dey meet every month instead of from time to time, while di Federal Ministry of Finance go be di main custodian of Nigeria official economic data, with oda agencies supplying dia own sector information wey go dey harmonised before dem release am to di public.

Di Team show optimism about di improving economic situation, noting say Nigeria Gross Domestic Product (GDP) grow by 4.43 per cent year-on-year for di second quarter of 2026, wey be di strongest quarterly growth since di third quarter of 2024.

Dem also note say di country external reserves don rise pass 54 billion, wey be di highest level for almost 18 years, while di naira don appreciate to di N1,300/ range, wey be im strongest level for about two years.

Di EMT further talk about Nigeria recent return to FTSE Russell Frontier Market Index, wey go take effect from September 21, 2026, and dem describe dis one as big boost to investor confidence and international visibility for di nation capital market.