The Federal Government is set to pay the outstanding five months N35,000 wage award arrears to federal government workers. The Office of the Accountant General of the Federation (OAGF) made this known in a statement issued in Abuja. The OAGF explained that the Federal Government had earlier paid five months wage award to federal government...
Category: Financial Report
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WALE EDUN: NIGERIA TARGETS 7% ECONOMIC GROWTH AND JOB CREATION AMID GLOBAL UNCERTAINTY
Nigeria’s economic outlook is strengthening, with the Federal Government targeting 7% economic growth and large-scale job creation, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has announced. Speaking at the conclusion of the 2025 IMF and World Bank Spring Meetings in Washington, D.C., Edun highlighted that, despite a challenging...
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*FG, World Bank Join Forces to Encourage Job Creation and Digitally Empower Young Nigerians
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has affirmed that the Federal Government is working closely with the World Bank to advance a shared agenda focused on creating high-quality jobs for young Nigerians. Speaking to journalists in Washington D.C. on the sidelines of the World Bank/IMF Spring Meetings,...
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WALE EDUN CALLS FOR ENHANCED GLOBAL SUPPORT FOR REFORMING ECONOMIES AT G-24 MEETING
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today, delivered Nigeria’s Statement at the G-24 Ministerial Meeting on the sidelines of the 2025 IMF World Bank Spring Meetings in Washington D.C. In his capacity as First Vice-Chair of the G-24, the Minister underscored President Bola Ahmed Tinubu’s strong commitment...
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FG TO PRIORITIZE RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES
The Federal Government of Nigeria will pursue diversification of its revenues and adopt greater prudent resource allocation measures to mitigate the impact of low oil prices should it continue, according to Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. Speaking at a meeting with investors during the ongoing IMF/World Bank...
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NIGERIA TARGETS 7% GROWTH WITH PRIVATE SECTOR-LED INVESTMENT
The HonourableMinister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has wooed international investors to make Nigeria their destination of choice, highlighting the country’s robust economic growth and potential for private sector investment. Speaking during the meeting with investors on the sidelines of the IMF/World Bank Spring Meetings in Washington DC, HM...
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MARCH 2025 REVENUE: FG, STATES, LGCs SHARE N1.578 TRILLION
A total sum of N1.578 trillion, being March 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils. The revenue was shared at the April 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja; . The total distributable revenue of N1.578 trillion comprised distributable statutory revenue of...
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EMT REVIEWS IMPACT OF U.S. TARIFF ACTIONS, SETS UP SUB-COMMITTEE FOR COORDINATED RESPONSE
The Economic Management Team (EMT), Chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has convened a meeting earlier this week with participation from key ministries and agencies to assess the fiscal and economic implications of recent trade-related developments. Of particular focus was the recent announcements of tariff...
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FG TO BOOST AGRICULTURAL OUTPUT WITH JICA PARTNERSHIP
In a bid to enhance food security and rural prosperity, the Federal Government is engaging with the Japan International Cooperation Agency (JICA) to support 500,000 farmers ahead of the 2025 wet season. This initiative, backed by JICA’s ¥12 billion Food Security Emergency Support funding, aims to boost agricultural output through efficient input delivery, post-harvest handling,...
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LATEST UPDATE ON THE CRUDE AND REFINED PRODUCT SALES IN NAIRA INITIATIVE
The Technical Sub-Committee on the Crude and Refined Product Sales in Naira initiative has today convened an update meeting held in Abuja with the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, presiding. The meeting reviewed progress and addressed ongoing implementation matters. The stakeholders reaffirmed the government’s commitment to the...