The Secretary to the Government of the Federation (SGF), George Akume, has reaffirmed the Federal Government’s continued strong support for the Fiscal Responsibility Commission (FRC), commending the Commission for its role in strengthening fiscal discipline and macroeconomic stability.Akume gave the assurance on Thursday at his office in Abuja during a courtesy visit by the outgoing...
Category: Financial Report
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FG Moves to Curb Budget Waste, Urges MDAs to Adopt Procurement Act
The Federal Government has directed Ministries, Departments and Agencies (MDAs) to strictly adhere to the provisions of the Public Procurement Act in the implementation and payment of the 2025/2026 Capital Budget.The Honourable Minister of State for Finance, Mrs. Doris Uzoka-Anite, gave the directive during a stakeholders’ meeting on the implementation of the extended 2025 Capital...
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How Alleged ₦5.78bn Kwara UBEC Funds Were Spent on Salaries, Loans, Road Projects – EFCC Witness
The trial of former Kwara State Governor, Abdulfatah Ahmed, and his Commissioner for Finance, Ademola Banu, over the alleged diversion of ₦5.78 billion Universal Basic Education Commission (UBEC) funds resumed on Monday, February 16, 2026, with fresh revelations before Justice Mahmud Abdulgafar of the Kwara State High Court sitting in Ilorin. Testifying as the sixth...
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FG AWARDS CONTRACT FOR RECONSTRUCTION OF TWO BRIDGES AS MORE PROJECTS ARE COMMISSIONED IN TARABA STATE
The Federal Government has awarded the contract for the reconstruction of the Namnai Bridge and the construction of the Bantaje Bridge in Taraba State as part of efforts to restore critical infrastructure and stimulate economic activities across the North-East. The projects will be funded through the North-East Development Commission (NEDC).The Hon. Minister of State for...
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FG INTRODUCES INVESTMENT BUDGETING TO DRIVE ECONOMIC GROWTH
In its avowed determination to accelerate Nigeria’s economic growth and development, the Federal Government has introduced investment budgeting as a key component of the 2026 Budget. This innovative approach marks a decisive shift in how public finance is structured to drive long-term growth and development.Speaking at the National Economic Council in Abuja on Monday, and...
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FG REAFFIRMS COMMITMENT TO IMPLEMENTING 2026 BUDGET TO DRIVE ECONOMIC GROWTH
The Federal Government has reaffirmed its commitment to implementing the 2026 Budget, a budget of consolidation aimed at driving economic growth, improving security, and enhancing the welfare of Nigerians.The Honourable Minister of State for Finance Dr Doris Uzoka-Anite, gave the assurance on Monday when she presented the budget to the Senate, highlighting key reforms and...
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WALE EDUN DRIVES NIGERIA’S ENERGY PUSH FOR ECONOMIC GROWTH
This week in his office in Abuja, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, led strategic engagement with global energy and finance partners to advance Nigeria’s leadership under Mission 300, the continental effort to expand electricity access and drive economic growth.The discussions focused on accelerating delivery and mobilising...
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WALE EDUN CHAMPIONS HEALTH INVESTMENT AS ENGINE FOR JOB CREATION, ECONOMIC GROWTH*
A landmark healthcare investment deal takes centre stage as Nigeria pushes for economic diversification and growth when the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, attended the signing of a landmark agreement in Abuja, between the Nigeria Sovereign Investment Authority (NSIA), the International Finance Corporation (IFC), and MedServe, aimed...
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NIGERIA GAINS GLOBAL CONFIDENCE BOOST THROUGH ECONOMIC TALKS*
Nigeria’s economic reform agenda receives global backing as key stakeholders affirm confidence in the country’s growth potential this week in Abuja when the Honourable Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun held strategic talks with Anna Bjerde, Managing Director of Operations at the World Bank Group, alongside senior officials.The meeting...
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A New Era for Niger State: MOFI and State Government Launch Strategic Communities Programme.
In line with President Bola Ahmed Tinubu’s Renewed Hope Agenda, the Ministry of Finance Incorporated (MOFI) and the Niger State Government have today signed a landmark Memorandum of Understanding (MoU) to pilot the Sustainable Integrated Productive Communities (SIPC) Programme, a transformative initiative that integrates mass housing, agriculture, renewable energy and enterprise development into a single,...