Dr Emmanuel Ulayi When Barrister Oluwaseun Faleye assumed duties as the Managing Director/Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF) on July 15, 2024, it was clear that a new dawn had arrived for the Fund. He left no one in doubt that a reformer had finally berthed at the agency and that...
Category: Financial Report
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FG STATES, LGCs SHARE N1.894 TRILLION FROM A GROSS TOTAL OF N2.230 TRILLION FOR THE MONTH OF FEBRUARY, 2026*
The Federation Account Allocation Committee (FAAC), at its March 2026 meeting chaired by the Honorable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1.894 Trillion to the three tiers of government as Federation Allocation for the month of February 2026, from a gross total of N2.230 Trillion.‎ ‎From...
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SGF REAFFIRMS STRONG SUPPORT FOR FISCAL RESPONSIBILITY COMMISSION AS MURUAKO CONCLUDES TENURE
‎The Secretary to the Government of the Federation (SGF), George Akume, has reaffirmed the Federal Government’s continued strong support for the Fiscal Responsibility Commission (FRC), commending the Commission for its role in strengthening fiscal discipline and macroeconomic stability.‎Akume gave the assurance on Thursday at his office in Abuja during a courtesy visit by the outgoing...
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FG Moves to Curb Budget Waste, Urges MDAs to Adopt Procurement Act
‎The Federal Government has directed Ministries, Departments and Agencies (MDAs) to strictly adhere to the provisions of the Public Procurement Act in the implementation and payment of the 2025/2026 Capital Budget.‎‎The Honourable Minister of State for Finance, Mrs. Doris Uzoka-Anite, gave the directive during a stakeholders’ meeting on the implementation of the extended 2025 Capital...
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How Alleged ₦5.78bn Kwara UBEC Funds Were Spent on Salaries, Loans, Road Projects – EFCC Witness
The trial of former Kwara State Governor, Abdulfatah Ahmed, and his Commissioner for Finance, Ademola Banu, over the alleged diversion of ₦5.78 billion Universal Basic Education Commission (UBEC) funds resumed on Monday, February 16, 2026, with fresh revelations before Justice Mahmud Abdulgafar of the Kwara State High Court sitting in Ilorin. Testifying as the sixth...
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FG AWARDS CONTRACT FOR RECONSTRUCTION OF TWO BRIDGES AS MORE PROJECTS ARE COMMISSIONED IN TARABA STATE
‎The Federal Government has awarded the contract for the reconstruction of the Namnai Bridge and the construction of the Bantaje Bridge in Taraba State as part of efforts to restore critical infrastructure and stimulate economic activities across the North-East. The projects will be funded through the North-East Development Commission (NEDC).‎‎The Hon. Minister of State for...
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FG INTRODUCES INVESTMENT BUDGETING TO DRIVE ECONOMIC GROWTH‎
In its avowed determination to accelerate Nigeria’s economic growth and development, the Federal Government has introduced investment budgeting as a key component of the 2026 Budget. This innovative approach marks a decisive shift in how public finance is structured to drive long-term growth and development.‎‎Speaking at the National Economic Council in Abuja on Monday, and...
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FG REAFFIRMS COMMITMENT TO IMPLEMENTING 2026 BUDGET TO DRIVE ECONOMIC GROWTH
‎‎‎The Federal Government has reaffirmed its commitment to implementing the 2026 Budget, a budget of consolidation aimed at driving economic growth, improving security, and enhancing the welfare of Nigerians.‎‎The Honourable Minister of State for Finance Dr Doris Uzoka-Anite, gave the assurance on Monday when she presented the budget to the Senate, highlighting key reforms and...
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WALE EDUN DRIVES NIGERIA’S ENERGY PUSH FOR ECONOMIC GROWTH‎
‎This week in his office in Abuja, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, led strategic engagement with global energy and finance partners to advance Nigeria’s leadership under Mission 300, the continental effort to expand electricity access and drive economic growth.‎‎The discussions focused on accelerating delivery and mobilising...
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WALE EDUN CHAMPIONS HEALTH INVESTMENT AS ENGINE FOR JOB CREATION, ECONOMIC GROWTH*‎
‎A landmark healthcare investment deal takes centre stage as Nigeria pushes for economic diversification and growth when the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, attended the signing of a landmark agreement in Abuja, between the Nigeria Sovereign Investment Authority (NSIA), the International Finance Corporation (IFC), and MedServe, aimed...