The Federal Project Management Unit (FPMU) of the Nigeria Climate Adaptation – Erosion and Watershed Project (NEWMAP-EIB) convened a strategic meeting on Monday, 11/8/2025 in Abuja with 23 State Project Coordinators to finalize state-level readiness and work plans ahead of fund disbursement. Delivering the opening remarks, the National Project Coordinator, Engr. Ayuba Anda Yalaks, stated...
Category: Financial Report
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NIGERIA, KUWAIT FUND PARTNER TO REVOLUTIONIZE EDUCATION IN KADUNA STATE
In a significant step towards improving access to quality education in Nigeria, the Federal Government and the Kuwait Fund for Arab Economic Development have partnered to support the Reaching Out-of-School Children programme in Kaduna State. This partnership is built on a US$25.35 million concessionary loan agreement signed today between the Federal Government of Nigeria on...
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FG Targets Education, Agriculture with N68.7bn Power Projects Across Nigeria
The Federal Government has approved contracts worth ₦68.7 billion for major electricity projects aimed at improving power supply to universities, teaching hospitals, and rural communities involved in agriculture across Nigeria. Minister of Power, Adebayo Adelabu, disclosed the development to journalists after this week’s Federal Executive Council meeting, which was presided over by President Bola Tinubu...
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NIGERIA CHAMPIONS SUSTAINABLE FINANCING AT AU EXECUTIVE COUNCIL AS UNION SEES STRONG IMPROVEMENTS IN MEMBER CONTRIBUTIONS
The African Union has reported significant progress in member-states’ contributions to its 2025 Regular Budget, with Nigeria playing a key leadership role in championing sustainable financing. This was disclosed by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, at the 47th Ordinary Session of the AU Executive Council, held...
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FGN ADVANCES ECONOMIC DIPLOMACY IN BRAZIL AT OGUN INVESTMENT FORUM SUMMIT
The Federal Government of Nigeria has taken a significant step in advancing its economic diplomacy efforts in Brazil, as the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun participated in the Ogun State Investment Forum with the Brazilian Business Community. This engagement was part of a broader effort to promote...
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EDUN CHAMPIONS NIGERIA’S FISCAL RESET AT THE UN FINANCE SUMMIT
In a bid to drive economic growth and development, the Honourable Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun has today emphasized the need for fiscal reform and international cooperation when he delivered the country’s statement at the 4th International Conference on Financing for Development (FFD4), holding in Sevilla, Spain. Speaking...
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EDUN UNVEILS ROADMAP FOR INVESTMENT-LED GROWTH AT STAKEHOLDERS ENGAGEMENT SESSION
The Federal Government’s commitment to economic reform and development took center stage today as the Federal Ministry of Finance held its Citizens and Stakeholders Engagement on the Implementation of Presidential Priorities and Ministerial Deliverables for second quarter of 2025 in Abuja. This quarterly engagement is designed to foster transparency, accountability, and inclusive growth, providing a...
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FG WELCOMES SHELL’S RENEWED COMMITMENT TO NIGERIA’S ENERGY SECTOR
The Federal Government has welcomed Shell’s renewed commitment to Nigeria’s energy sector, with the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, expressing optimism about the company’s investments in the country Receiving a senior delegation from Shell Petroleum Development Company (SPDC) Nigeria Limited, led by the Managing Director and Country Chair,...
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PRESIDENT TINUBU DECLARES ASIF 2025 OPEN, PLEDGES NIGERIA’S COMMITMENT TO AFRICA’S ECONOMIC TRANSFORMATION
In a strong show of commitment to Africa-led growth, His ExcellencyPresident Bola Ahmed Tinubu has today in Abuja declared the 4th Annual Meeting of the Africa Sovereign Investors Forum (ASIF), emphasizing the need for collective action and regional cooperation among African countries to achieve transformative development. Represented by Vice President Kashim Shettima, President Bola Ahmed...
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FG Upscales Collaboration with Impact Investors to Drive Nigeria’s Economic Transformation
The Federal Government of Nigeria has reaffirmed its commitment to fostering sustainable economic growth through a landmark $50 million investment in the *Nigeria Wholesale Impact Investment Fund (WIIF), anchoring the fund’s first close at $100 million. This strategic initiative supports President Bola Ahmed Tinubu’s vision of achieving 7% annual economic growth, with a focus on...