The Federation Account Allocation Committee (FAAC), at its December 2024 meeting chaired by the Honourable Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1.424 Trillion to the three tiers of government as Federation Allocation for the month of December, 2024 from a gross total of N2.310 Trillion....
Category: Financial Report
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JUST IN: FG, STATES, LGCs SHARE N1.424 TRILLION DECEMBER 2024 REVENUE
A total sum of N 1.424 trillion, being December 2024 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils. The revenue was shared at the January 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja. The N1.424 trillion total distributable revenue comprised distributable statutory revenue of N386.124...
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EDUN ADVOCATES FOR INNOVATIVE FINANCING, BOLD REFORMS AT IsDB RETREAT
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has advocated for Bold Reforms and SmarterInvestments at the Islamic Development Bank (IsDB) Governors’ Retreat holding in the City of Al-Madinah, Saudi Arabia. The retreat aimed to gather input and build consensus on the bank’s upcoming 10-year strategy to achieve greater...
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UN DEPUTY SECRETARY-GENERAL AMINA MOHAMMED MEETS NIGERIAN FINANCE MINISTER, DISCUSSES KEY DEVELOPMENTAL GOALS
In a significant step towards strengthening bilateral cooperation and accelerating Nigeria’s development agenda, the United Nations Deputy Secretary-General (DSG), Amina Mohammed, has met with the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, at the Ministry’s Headquarters Abuja. FROM LEFT TO RIGHT The visit was part of the UN’s ongoing...
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FG SETS STAGE FOR SUSTAINED ECONOMIC GROWTH, BRIEFS SENATE ON 2025 BUDGET
In a significant move towards economic recovery, the Federal Government has today reaffirmed its commitment to fiscal sustainability. Briefing the Senate Committee on Appropriations on the 2025 Appropriation Bill, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun outlined the government’s strategy for stabilizing the nation’s economy and achieving long-term...
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FINANCE MINISTER CHARGES TOP MANAGEMENT STAFF TO DRIVE ECONOMIC GROWTH
As the nation embarks on a new era of economic reforms, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has urged the Ministry’sTop Management Staff to leverage their expertise in driving the country’s developmental priorities. The Minister made the call in his office in Abuja during the assumption of...
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Kaduna begins refund of N61,080 to each of 6,239 Muslim pilgrim for 2023 Hajj
Kaduna begins refund of N61,080 to each Muslim pilgrim for 2023 Hajj By Achadu Gabriel, Kaduna Kaduna State Pilgrims Welfare Agency has commenced the payment of ₦61,080 to each of the 6,239 Muslim pilgrims who performed Hajj through the state in 2023. NAHCON had previously stated that the refunds were due to an interruption in...
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FINANCE MINISTRY PRIORITIZES WORKPLACE SAFETY FOR IMPROVED PRODUCTIVITY
In its avowed determination to improve service delivery to Nigerians, the Federal Ministry of Finance has hosted a one-day sensitization programme on workplace safety and health for improved productivity, demonstrating its commitment to creating a safe and healthy work environment for its staff. The programme, attended by staff of the Ministry, aimed to equip participants...
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FG LAUNCHES MOFI REAL ESTATE INVESTMENT FUND TO UNLOCK AFFORDABLE HOUSING, IMPROVE ECONOMIC GROWTH
The Federal Government has taken a significant step towards addressing Nigeria’s Housing Finance Gap with the launch of the Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund (MREIF), a ₦250 billion initiative designed to provide low-cost, long-term mortgage financing and stimulate economic growth through the housing and construction sectors. Presiding over the signing ceremony...
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*NIGERIA, SAUDI ARABIA FORGE STRONGER ECONOMIC TIES ON DEVELOPING EXPORT CREDIT AND INSURANCE FRAMEWORK.
Nigeria has taken a significant step in bolstering its economic relationships with Saudi Arabia, following a high-level visit to Riyadh led by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun. The delegation’s engagement with key Saudi Ministers and institutions marks a new chapter in bilateral cooperation between the two...