Nigeria, March 12 -- The federal government has stated its efforts to coordinate fiscal, monetary, and energy policies to safeguard Nigeria's economic stability from possible shocks arising from the escalating Middle East tensions involving the United States, Israel, and Iran.

The government said that it is also reviewing options to shield households and businesses from possible economic threats from the escalation.

The effort was disclosed in a statement by the Federal Ministry of Finance and signed by the ministry's Assistant Director, Information and Public Relations, Uloma Amadi, on Wednesday.

According to the finance ministry, the plan to safeguard Nigeria's economic stability was deliberated upon at the recent Economic Management...