The Federal Ministry of Finance has celebrated the remarkable career and dedication of Mr. Okokon Ekanem Udo, Permanent Secretary, Special Duties, as he bows out of the Federal Civil Service, leaving behind a legacy of excellence and commitment to Nigeria’s economic development In a heartfeltremarks at the reception held in Abuja in his honour, weekend,...
Category: Financial Report
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EDUN OUTLINES KEY REFORMS FOR NIGERIA’S ECONOMIC REVIVAL
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has outlined key reforms introduced by President Bola Ahmed Tinubu’s Administration to stabilize the nation’s economy, reduce poverty, and foster sustainable development. The Minister disclosed this in his keynote address at Access Bank’s Corporate Customer Forum 2024, held at Eko Hotels...
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FG ASSURES STAKEHOLDERS OFCOLLABORATION TO DRIVE ECONOMIC GROWTH
In its avowed determination to improve the lives of the citizenry in line with contemporary realities, the Federal Government has assured that it will continue to collaborate with relevant stakeholders with a view to implementing policies, programmes, and projects that will reinvigorate the nation’s economy. The Permanent Secretary Federal Ministry of Finance, Mrs Lydia Shehu...
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FINANCE MINISTER MEETS AFDB DELEGATION, EXPLORE POTENTIAL AREAS OF COLLABORATION
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has met with a high-level delegation from the African Development Bank (AfDB) led by Dr. Abdul Kamara, Director General for Nigeria at the AfDB. The meeting, which was held today in his office in Abuja, explored a range of potential areas...
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STOP DEFAMATORY STATEMENTS AGAINST RMAFC, CACOL CAUTIONS FIRM.
The Centre for Anti-Corruption and Open Leadership (CACOL) has cautioned a consulting firm, Zilcon Higgs International Limited to stop making defamatory statements against the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) following the inability of the firm to get paid for a job it allegedly carried out on behalf of the Nine Oil Producing States....
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FAAC:: FG, STATES, LGCs SHARE N1.203 TRILLION FROM A GROSS TOTAL OF N2.278 TRILLION FOR THE MONTH OF AUGUST 2024
The Federation Account Allocation Committee (FAAC), at its September 2024 meeting chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1.203 Trillion to the three tiers of government as Federation Allocation for the month of August, 2024 from a gross total of N2.278 Trillion. From...
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FG, STATES, LGCs SHARE N1.203 TRILLION AUGUST 2024 REVENUE
A total sum of N 1.203 trillion August 2024 Federation Accounts Revenue has been shared to the Federal Government, States and Local Government Councils in the country. The revenue distribution was announced at the September 2024 meeting of the Federation Accounts Allocation Committee (FAAC), in Abuja. The N1.203 trillion total distributable revenue comprised distributable statutory...
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IPPIS: OAGF ASSURES THAT EMPLOYEES’ DATA IS SAFE, SECURED.
The Office of the Accountant General of the Federation (OAGF) has reiterated the Federal Government’s determination to maintain and operate a secure and efficient personnel and payroll system. In a statement in Abuja, the OAGF maintained that the Integrated Personal and Payroll Information System (IPPIS) database has not been compromised, assuring that employees personal data...
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PRESIDENT TINUBU’S VISION BEARS FRUIT AS NIGERIA BEGINS PMS SUPPLY IN NAIRA
In a groundbreaking move poised to revolutionize Nigeria’s energy landscape, the Dangote Refinery has today commenced supply of Premium Motor Spirit (PMS) to the Nigerian National Petroleum Corporation Limited (NNPCL. This bold initiative, championed by President Bola Ahmed Tinubu’s Administration, marks a significant milestone in Nigeria’s quest for energy self-sufficiency and reduced reliance on imported...
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NIGERIA TAKES GIANT LEAP TOWARDS ENERGY SELF-SUFFICIENCY:CRUDE PURCHASE PRODUCT SALES IN NAIRA TRANSACTION KICKS OFF*
In a landmark move towards reducing pressure on the Naira, eliminating unnecessary transaction costs, and improving availability of petroleum products, the Federal Government has successfully initiated the sale of crude to local refineries as well as corresponding purchase of petroleum products in Naira. The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr...