In a landmark move to strengthen bilateral ties and drive sustainable development, the Federal Government of Nigeria has secured a €300 million development partnership with France. This significant agreement is set to bolster key sectors of Nigeria’s economy, including healthcare, transportation, and renewable energy. The Honourable Minister of Finance and Coordinating Minister of the Economy,...
Category: Financial Report
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WALE EDUN APPLAUDS CIVIL SERVICE FOR DRIVING MACRO-ECONOMIC REFORMS
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has commended the pivotal role of Nigeria’s civil service in implementing President Bola Ahmed Tinubu’s bold macro-economic reforms. Speaking at the launch of the Federal Civil Service Policies and Guidelines and the celebration of Mrs. Didi Esther Walson-Jack’s 100 days in...
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FAAC: Zulum orders cabinet to rid dependence federal allocation, work towards meat export
Gov: Zulum direct cabinet to focus on livestock, meat export to enhance revenue Shift focus on federal allocation to livestock to enhance exports, revenue – Zulum tells cabinet *Create livestock ministry*Swears in 2 new commissioners By Achadu Gabriel, Kaduna Borno State Governor, Babagana Umar Zulum, has directed his cabinet to work toward shifting focus from...
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Naira Devaluation Worsens Cost of Living for Resident Doctors in Ilorin
The devaluation of the naira has taken a toll on the cost of living for resident doctors in Ilorin, according to the Association of Resident Doctors, University of Ilorin Teaching Hospital (ARD-UITH). The association’s president, Dr. Yusuf Jamiu, lamented that the devaluation has increased the financial burden on resident doctors, making it challenging for them...
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AGF CALLS FOR ENTRENCHMENT OF TRANSPARENCY AND ACCOUNTABILITY IN ALL ASPECTS OF GOVERNANCE.
The Accountant General of the Federation, Dr. Oluwatoyin Madein, has said that transparency and accountability should be entrenched at all tiers and aspects of governance in the country. Minister of Finance, Mr. Wale Edun; Permanent Secretary, Federal Ministry of Finance, Mrs Lydia Jafiya and the Accountant General of the Federation, Mrs. Oluwatoyin Madein during the...
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FG, STATES, LGCs SHARE N1.411TRILLION FROM A GROSS TOTAL OF N2.668 TRILLION FOR THE MONTH OF OCTOBER 2024
The Federation Account Allocation Committee (FAAC), at its November 2024 meeting in Bauchi chaired by Accountant General of the Federation, Dr. Mrs.Oluwatoyin S.Madein, shared a total sum of N1.411 Trillion to the three tiers of government as Federation Allocation for the month of October, 2024 from a gross total of N2.668 Trillion. From the stated amount...
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FG, STATES, LGCs SHARE N1.411 TRILLION OCTOBER 2024 REVENUE
A total sum of N1.411 trillion, being October 2024 Federation Accounts Revenue, has been shared to the Federal Government, States and the Local Government Councils. The revenue was shared at the November 2024 meeting of the Federation Accounts Allocation Committee (FAAC) held in Bauchi State and chaired by the Accountant General of the Federation. Dr....
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ADEBUTU’S VISIONARY GIFT: NIJ MEDIA HUB SET TO TRANSFORM NIGERIA’S MEDIA LANDSCAPE
In a significant boost to Nigeria’s media sector, renowned philanthropist Sir (Dr.) Kesington Adebukunola Adebutu has inaugurated a state-of-the-art Media Resource Centre at the Nigerian Institute of Journalism (NIJ), Ikeja, Lagos, a facility expected to strengthen Nigeria’s media sector and deliver economic benefits. This landmark facility, funded by Dr. Adebutu is poised to enhance the...
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NIGERIA’S ECONOMY SET FOR BOOST AS GOVERNMENT INTENSIFIES FOOD PRODUCTION EFFORTS
In a bid to tackle inflation and ensure food security, the Federal Government of Nigeria is intensifying efforts to increase food production in the country. The HonourableMinister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, in his remarks at the Nigerian delegation’s wrap-up press briefing, during the 2024 IMF/World Bank Annual Meetings...
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NIGERIA BOOSTS CYBERSECURITY AS FG HOSTS LANDMARK WORKSHOP TO PROTECT CRITICAL INFRASTRUCTURE
The Federal Government of Nigeria has taken a significant step in strengthening the country’s cybersecurity defences by hosting a Critical National Information Infrastructure (CNII) Protection and Resilience Workshop. This landmark event, held at the Office of the National Security Adviser (ONSA) in Abuja, brings together policymakers and sector regulators to fortify cybersecurity across Nigeria’s key...