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...
Category: Financial Report
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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...
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FG APPLAUDS NCS FOR GENERATING N5 TRILLION IN 2024, APPROVES EXPANSION TO BOOST OPERATIONAL EFFICIENCY
The Federal Government has commended the Nigeria Customs Service (NCS) for generating approximately ₦5 trillion in revenue by September 2024. The Honourable Minister of Finance and Coordinating Minister of the Economy Mr. Wale Edun gave the commendation in Abuja when he presided over the 61st meeting of the Nigeria Customs Service (NCS) Board. This achievement,...
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NIGERIA TO PARTNER BLOOMBERG TO BOOST GLOBAL INVESTMENT APPEAL
The Federal Government of Nigeria, through the Ministry of Finance Incorporated (MOFI), is set to partner withfinancial giant Bloomberg in a two-year initiative aimed at showcasing its economic potential and attracting foreign investment. At a meeting with the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun held in his office...
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NIGERIA’S ECONOMIC TEAM CHARTS COURSE FOR STABILITY, GROWTH
The Economic Management Team (EMT), led by the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, convened in Abuja today to review critical economic policies and progress in key sectors. The meeting focused on strengthening Nigeria’s economic resilience, with presentations from the Central Bank of Nigeria (CBN) and the Ministry of...
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UNLOCKING NIGERIA’S HEALTHCARE POTENTIAL: PVAC INITIATIVE TAKES CENTER STAGE
In its avowed determination to revolutionize the country’s healthcare sector, the Federal Government has taken bold steps towards ensuring local production of critical medical goods. The initiative, spearheaded by the Coordinating Minister of Health, Professor Muhammad Ali Pate, seeks to strengthen Nigeria’s healthcare sector through local production of critical medical goods, including pharmaceuticals, mosquito nets,...