In a major boost to youth entrepreneurship, Nigeria and Japan have launched a strategic venture capital initiative that will channel Naira-denominated investments into high-growth startups, shielding them from currency risks while unlocking access to long-term concessional financing. The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, today in his office...
Category: Business
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EDUN COMMENDS LEE ENGINEERING, REAFFIRMS GOVERNMENT’S SUPPORT FOR INDIGENOUS OIL SECTOR
In a bold move to propel Nigeria’s economic growth and self-reliance, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has reaffirmed the government’s commitment to supporting indigenous businesses in the oil sector, citing Lee Engineering & Construction Company Limited as a shining example of local excellence. The Minister gave...
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EDUN UNVEILS STABILISATION PROGRESS, ECONOMIC PRIORITIES IN ABUJA BRIEFING
In a landmark virtual briefing, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun presented a comprehensive update on Nigeria’s economic trajectory to selected members of the media, highlighting significant progress, key priorities, and strategic initiatives to drive sustainable growth and development in the country. The Minister’s briefing provided a...
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WALE EDUN HOSTS EU ENVOY, PAVES WAY FOR EXPANDED TRADE, INVESTMENT
In a significant step towards deepening economic cooperation, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today in his office in Abuja, hosted the European Union (EU) Ambassador to Nigeria, Mr. Gautier Mignot, for a high-level discussions aimed at strengthening EU-Nigeria economic ties. The meeting spotlighted the EU’s €1.3...
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“NO SHORTFALL IN WORKERS SALARIES,NORMAL SALARIES PAID IN JANUARY, FEBRUARY 2025” – OAGF
The Office of the Accountant General of the Federation (OAGF) has explained that there were no shortfalls in salaries paid to Federal Workers in January and February 2025. The OAGF said the salaries that workers received in January and February 2025 were their normal salaries after the various arrears that were paid from October to...
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OGUNJIMI APPOINTED AS THE NEW ACCOUNTANT GENERAL OF THE FEDERATION
Prince Jeffrey Adaralegbe, Nigeria Following a thorough selection process, President Bola Ahmed Tinubu has named Shamsedeen Babatunde Ogunjimi as the Federation’s new accountant general. Approved today, his appointment will begin on March 7, 2025, the day incumbent Oluwatoyin Madehin retires. Last December, Ogunjimi, 57, was initially announced as Madehin’s replacement. He was later selected by...
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REMITTA NOT DITCHED, TO BE INTEGRATED INTO TMRAS – OAGF
The Office of the Accountant General of the Federation (OAGF) has clarified that the Federal Government has not discarded Remitta as the Central Bank of Nigeria (CBN) approved payment gateway. The OAGF explained that Remitta would rather be integrated into the Treasury Management and Revenue Assurance (TMRAS) alongside other eligible Payment Solution Service Providers (PSSPs)...
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Borno Gov orders 2-year tax waiver for flood victims, others
By Achadu Gabriel, kaduna Borno State Governor, Babagana Umara Zulum, has approved a two-year tax waiver for traders who were affected by the September 2024 flood disaster and Maiduguri Monday market traders. A statement Sunday by his media aide said, Zulum granted the waiver to ease financial burden and encourage business growth. “The devastating flood...
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FG, STATES, LGCs SHARE N1.703 TRILLION JANUARY 2025 REVENUE
A total sum of N 1.703 trillion, being January 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils. The revenue was shared at the February 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja. The N1.703 trillion total distributable revenue comprised distributable statutory revenue of N749.727...
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AGF CHARGE FPOs To BE FINANCIAL PRUDENCE AND EMBRACE THE NEW FINANCIAL REFORM INITIATIVES
The Accountant General of the Federation, Dr. (Mrs.) Oluwatoyin Sakirat Madein FCCA FCA has Charged Federal Pay Officers (FPOs) to be Financially Prudent and embrace the new financial reform initiatives in the discharge of their duties. The AGF also reiterated her mandate to Federal Pay Officers to ensure that Federal Ministries, Departments and Agencies (MDAs)...