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...
Category: Financial Report
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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...
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EDUN ADVOCATES ACCELERATED CUSTOMS REFORMS TO STRENGTHEN INTRA-AFRICAN TRADE, ECONOMIC RESILIENCE
In a bold move to revamp regional trade and bolster economic resilience, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has called for accelerated customs reform across West and Central Africa. This call to action was made at the opening of the Fourth Conference of Development Partners of the...
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FG UNVEILS GOVERNANCE SCORECARD TO ACCELERATE $1 TRILLION ECONOMY VISION
The Honourable Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun has spotlighted corporate governance as a key lever in President Bola Ahmed Tinubu’s push to build a $1 trillion economy, urging state-owned enterprises (SOEs) to meet global standards of transparency, ethics, and performance. Speaking at the MOFI Corporate Governance Forum in...
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FGN MOVES TO ACTIVATE CLIMATE CHANGE FUND, ALIGNS FINANCE WITH GREEN AGENDA
In a significant move towards addressing climate change, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, today in his office in Abuja, met with Dr. Nkiruka Madueke, Director-General of the Nigeria Climate Change Council (NCCC), to advance efforts to operationalize the country’s Climate Change Fund (CCF) The meeting focused...
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INVESTOR CONFIDENCE IN NIGERIA DEEPENS AS RENAISSANCE CAPITAL VISITS FINANCE MINISTER
Nigeria’s economic growth prospects continue to gain momentum, as the country’s reform trajectory and improving macroeconomic fundamentals attract growing interest from international investors. In a high-level meeting between the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, and the CEO of Renaissance Capital Africa Investors, Samuel Sule held in his...