In a strong show of commitment to Africa-led growth, His ExcellencyPresident Bola Ahmed Tinubu has today in Abuja declared the 4th Annual Meeting of the Africa Sovereign Investors Forum (ASIF), emphasizing the need for collective action and regional cooperation among African countries to achieve transformative development. Represented by Vice President Kashim Shettima, President Bola Ahmed...
Category: Economy
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FG Upscales Collaboration with Impact Investors to Drive Nigeria’s Economic Transformation
The Federal Government of Nigeria has reaffirmed its commitment to fostering sustainable economic growth through a landmark $50 million investment in the *Nigeria Wholesale Impact Investment Fund (WIIF), anchoring the fund’s first close at $100 million. This strategic initiative supports President Bola Ahmed Tinubu’s vision of achieving 7% annual economic growth, with a focus on...
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FG REITERATES COMMITMENT TO CREATING FAVOURABLE BUSINESS ENVIRONMENT FOR PRIVATE SECTOR GROWTH
The Federal Government has reaffirmed its commitment to fostering a conducive business environment where innovation, transparency, and capital investment can flourish. The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, gave the assurance today in his office in Abuja during a courtesy visit by esteemed businessman and philanthropist, Mr Femi...
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MOODY’S UPGRADES NIGERIA’S ISSUER RATINGS TO ‘B3’, CITING BOLD ECONOMIC REFORMS
The Federal Ministry of Finance welcomes the recent decision by Moody’s Investors Service to upgrade Nigeria’s Issuer ratings from Caa1 to B3, with a stable outlook, citing significant improvements in Nigeria’s external and fiscal positions. This decision reflects growing domestic and international confidence in Nigeria’s ongoing economic reforms and improvements in the country’s fiscal and...
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RE: NIGERIA’S EXTERNAL BORROWING PLAN FOR 2024 -2026
On May 27, 2025, the President of the Federal Republic of Nigeria, His Excellency Bola Ahmed Tinubu, GCFR, formally requested the approval of the 2024 – 2026 External Borrowing Rolling Plan from the National Assembly. This press releaseprovides context and clarification on the purpose and significance of the request. The proposed Borrowing Rolling Plan is...
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FG INAUGURATES AMCON BOARD TO STRENGTHEN ASSET RECOVERY, ECONOMIC STABILITY
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...
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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...