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...
Category: Economy
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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...
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*FG, World Bank Join Forces to Encourage Job Creation and Digitally Empower Young Nigerians
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has affirmed that the Federal Government is working closely with the World Bank to advance a shared agenda focused on creating high-quality jobs for young Nigerians. Speaking to journalists in Washington D.C. on the sidelines of the World Bank/IMF Spring Meetings,...
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WALE EDUN CALLS FOR ENHANCED GLOBAL SUPPORT FOR REFORMING ECONOMIES AT G-24 MEETING
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today, delivered Nigeria’s Statement at the G-24 Ministerial Meeting on the sidelines of the 2025 IMF World Bank Spring Meetings in Washington D.C. In his capacity as First Vice-Chair of the G-24, the Minister underscored President Bola Ahmed Tinubu’s strong commitment...
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FG TO PRIORITIZE RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES
The Federal Government of Nigeria will pursue diversification of its revenues and adopt greater prudent resource allocation measures to mitigate the impact of low oil prices should it continue, according to Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. Speaking at a meeting with investors during the ongoing IMF/World Bank...
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NIGERIA TARGETS 7% GROWTH WITH PRIVATE SECTOR-LED INVESTMENT
The HonourableMinister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has wooed international investors to make Nigeria their destination of choice, highlighting the country’s robust economic growth and potential for private sector investment. Speaking during the meeting with investors on the sidelines of the IMF/World Bank Spring Meetings in Washington DC, HM...
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MARCH 2025 REVENUE: FG, STATES, LGCs SHARE N1.578 TRILLION
A total sum of N1.578 trillion, being March 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils. The revenue was shared at the April 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja; . The total distributable revenue of N1.578 trillion comprised distributable statutory revenue of...