In a significant step towards transforming Nigeria’s power sector, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has met with Guangzhe Chen, Vice President for Infrastructure at the World Bank, to discuss bold reforms aimed at improving electricity access across the nation in order to accelerate infrastructure development and...
Category: Financial Report
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FG RAISES OVER $900 MILLION IN LANDMARK DOLLAR BOND
In a groundbreaking achievement, Nigeria has successfully launched its first domestic dollar-denominated bond, shattering records and signalling a new era of financial innovation and economic growth. With over $900 million raised, this milestone marks a significant turning point in the country’s financial strategy, bolstering its economic resilience and cementing its position as a leader in...
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Kwara State Police Commissioner Visits Bereaved Family, Assures Justice in Ongoing Investigation
The Kwara State Commissioner of Police, CP Victor Olaiya, has assured the family of late Qoyum Abdulyekeen Ishola that the police will conduct a thorough investigation into the circumstances surrounding his death. CP Olaiya, representing the Inspector General of Police (IGP), Kayode Egbetokun, paid a condolence visit to the family on September 10, 2024. During...
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FG PROPOSES TEMPORARY ZERO-DUTY ON FOOD IMPORTS TO EASE INFLATION
In a decisive move to combat soaring food prices and alleviate the burden of inflation on Nigerians, the Federal Government has proposed a temporary zero-duty levy on selected food imports. This strategic initiative announced by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun aims to increase food availability, reduce...
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UNLOCKING AFFORDABLE HOUSING: WALE EDUN LEADS TALKS ON LAUNCH OF MORTGAGE FINANCE FUND
In a significant stride towards making home ownership a reality for millions of Nigerians, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has today in his office in Abuja, convened a high-level meeting to discuss the launch of the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF). This...
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FG REFUTES VAT INCREASE SPECULATION
The Federal Government has officially debunked reports suggesting that the President Bola Ahmed Tinubu-led Administration plans to raise Nigeria’s Value-Added Tax (VAT) from 7.5% to 10%. In a statement issued earlier this morning, the Honourable Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun clarified that there is no such proposal under...
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NIGERIA, CHINA FORGEUNBREAKABLE BONDS: $3.3 BILLION AGREEMENT SIGNED AT HISTORIC TRADE CONFERENCE
In a landmark event chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun that heralds a new era of economic cooperation, Nigeria and China have reaffirmed their commitment to deepening economic cooperation, strengthening bilateral ties and fostering sustainable development. The inaugural China-Nigeria Economic Cooperation and Trade Conference, held...
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CELEBRATING A LEGACY OF EXCELLENCE: FINANCE TOP MANAGEMENT HOLDS VALEDICTORY SESSION FOR MR. OKOKON EKANEM UDO
In a heartfelt tribute, the Top Management Staff of the Federal Ministry of Finance, Abuja, today bid farewell to a dedicated public servant, Mr. Okokon Ekanem Udo, Permanent Secretary Special Duties, as he prepares to retire from the Federal Civil Service. The Valedictory Session, led by the Permanent Secretary Finance, Mrs. Lydia Shehu Jafiya, celebrated...
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THRIVING ECONOMY, SECURE ENVIRONMENT: FINANCE MINISTER, DEFENCE CHIEF MEETS
In a demonstration of inter-agency collaboration, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has paid a courtesy visit to the Chief of Defence Staff (CDS), General Christopher Gwabin Musa, at the Defence Headquarters, Abujato discuss the military’s critical role in safeguarding democracy and driving Nigeria’s economic and social...
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FG INAUGURATES NSIA BOARD OF DIRECTORS, CHARGES THEM TO ENHANCE THE WEALTH OF THE NATION
The Federal Government has inaugurated the new Board of Directors for the Nigeria Sovereign Investment Authority (NSIA), tasked with the critical mandate of steering the nation’s economic growth and stability. The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, while inaugurating the Board today in his office in Abuja, charged...