Middle East War: How FG is responding to global economic shock — Edun
Author: olufemiajasaPublished on: April 14, 2026Country: Nigeria
PoliticsBusiness & Economy

Finance Minister Wale Edun stated that the federal government is taking concrete steps to respond to global economic uncertainties caused by the Middle East war. He emphasized that the naira's relative stability is being sustained at a significant cost, with declining foreign exchange reserves. The government has ramped up crude production to 1.86 mbpd to mitigate the effects of this economic shock on the Nigerian public.
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