The Federal Government has inaugurated the new Board of Directors of the Asset Management Corporation of Nigeria (AMCON), marking a renewed phase in the Corporation’s mandate to stabilise the financial sector, enhance asset recovery, and prepare for an orderly institutional wind-down. The newly appointed Board, Chaired by Dr. Bala Bello brings together seasoned professionals with...
Category: Economy
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WALE EDUN URGES SUSTAINED PRIVATE INVESTMENT AS WORLD BANK HAILS NIGERIA’S ECONOMIC PROGRESS
The Honourable Minister of Finance and Coordinating Minister of the Economy Mr. Wale Edun has reaffirmed the government’s commitment to private-sector-led growth, as the World Bank today launched its latest Nigeria Development Update (NDU) themed Building Momentum for Inclusive Growth. Edun described the Bank as a tremendous development partner, praising its technical support and concessional...
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AFRICA’S FUTURE IS HERE: INVEST IN NIGERIA, UZOKA-ANITE URGES GLOBAL INVESTORS
Nigeria’sHonourable Minister of State for Finance, Dr. Doris Uzoka-Anite has called on global investors to tap into Nigeria’s vast opportunities, highlighting the country’s economic pivot and potential for sustainable growth. This appeal was made during her address at the Milken Institute Global Conference 2025, New York, USA She stated that Nigeria is deepening intra-African trade...
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FG CALLS FOR STRATEGIC DEPLOYMENT OF PENSION ASSETS
The Federal Government has called for the strategic deployment of the nation’s pension assets to accelerate national development, describing the industry as a key engine for long-term growth. Speaking on Friday at the 2025 Pension Industry Leadership Retreat in Lagos, themed Sustainable Retirement – Strategic Blueprint for Economic Development and Inclusion, the Honourable Minister of...
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CRUDE AND REFINED PRODUCT SALES IN NAIRA: TECHNICAL SUB-COMMITTEE PROVIDES POSITIVE IMPLEMENTATION UPDATE
The follow-on meeting of the Technical Sub-Committee on the Crude and Refined Product Sales in Naira initiative convened earlier today under the chairmanship of the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun. The session reviewed implementation milestones and recorded notable progress since the last engagement. The meeting was attended...
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WE WILL ENSURE SMOOTH PASSAGE OF THE PUBLIC FINANCIAL MANAGEMENT BILL -AGF OGUNJIMI
The Accountant General of the Federation, Mr Shamseldeen Ogunijmi has expressed his readiness to ensure the successful passage of the Public Financial Management Bill. Mr Ogunijmi stated this during a meeting with the Director General of the Bureau of Public Service Reforms (BPSR), Dr Dasuki Arabi who led a team from the Agency on a...
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FG, PROPCOM+ JOIN FORCES TO TRANSFORM NIGERIA’S AGRICULTURAL SECTOR, ECONOMIC GROWTH
In a significant step towards boosting Nigeria’s agricultural sector and driving economic growth, the Federal Government has expressed its commitment to partnering with Propcom+, a UK Aid-funded programme, to enhance agricultural productivity and improve livelihoods. This initiative was underscored when the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, received...
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AFRICA’S TIME IS NOW: BUILDING GLOBAL PROSPERITY THROUGH ENTREPRENEURSHIP
By Dr. Doris Uzoka-Anite, CFA “The world’s next billion-dollar enterprises are already taking root on African soil. Come. See. Build with us.” Across boardrooms, innovation hubs, and policy circles, one truth has become increasingly undeniable: entrepreneurship is the engine of modern prosperity. From Silicon Valley to Shenzhen, Bangalore to Lagos, it is entrepreneurial ingenuity that...
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FG SET TO PAY WAGE AWARD ARREARS
The Federal Government is set to pay the outstanding five months N35,000 wage award arrears to federal government workers. The Office of the Accountant General of the Federation (OAGF) made this known in a statement issued in Abuja. The OAGF explained that the Federal Government had earlier paid five months wage award to federal government...
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WALE EDUN: NIGERIA TARGETS 7% ECONOMIC GROWTH AND JOB CREATION AMID GLOBAL UNCERTAINTY
Nigeria’s economic outlook is strengthening, with the Federal Government targeting 7% economic growth and large-scale job creation, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has announced. Speaking at the conclusion of the 2025 IMF and World Bank Spring Meetings in Washington, D.C., Edun highlighted that, despite a challenging...