The Economic Management Team (EMT), Chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has convened a meeting earlier this week with participation from key ministries and agencies to assess the fiscal and economic implications of recent trade-related developments. Of particular focus was the recent announcements of tariff...
Category: Economy
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FG TO BOOST AGRICULTURAL OUTPUT WITH JICA PARTNERSHIP
In a bid to enhance food security and rural prosperity, the Federal Government is engaging with the Japan International Cooperation Agency (JICA) to support 500,000 farmers ahead of the 2025 wet season. This initiative, backed by JICA’s ¥12 billion Food Security Emergency Support funding, aims to boost agricultural output through efficient input delivery, post-harvest handling,...
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LATEST UPDATE ON THE CRUDE AND REFINED PRODUCT SALES IN NAIRA INITIATIVE
The Technical Sub-Committee on the Crude and Refined Product Sales in Naira initiative has today convened an update meeting held in Abuja with the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, presiding. The meeting reviewed progress and addressed ongoing implementation matters. The stakeholders reaffirmed the government’s commitment to the...
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EDUN ADVOCATES ACCELERATED CUSTOMS REFORMS TO STRENGTHEN INTRA-AFRICAN TRADE, ECONOMIC RESILIENCE
In a bold move to revamp regional trade and bolster economic resilience, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has called for accelerated customs reform across West and Central Africa. This call to action was made at the opening of the Fourth Conference of Development Partners of the...
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FG UNVEILS GOVERNANCE SCORECARD TO ACCELERATE $1 TRILLION ECONOMY VISION
The Honourable Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun has spotlighted corporate governance as a key lever in President Bola Ahmed Tinubu’s push to build a $1 trillion economy, urging state-owned enterprises (SOEs) to meet global standards of transparency, ethics, and performance. Speaking at the MOFI Corporate Governance Forum in...
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FGN MOVES TO ACTIVATE CLIMATE CHANGE FUND, ALIGNS FINANCE WITH GREEN AGENDA
In a significant move towards addressing climate change, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, today in his office in Abuja, met with Dr. Nkiruka Madueke, Director-General of the Nigeria Climate Change Council (NCCC), to advance efforts to operationalize the country’s Climate Change Fund (CCF) The meeting focused...
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INVESTOR CONFIDENCE IN NIGERIA DEEPENS AS RENAISSANCE CAPITAL VISITS FINANCE MINISTER
Nigeria’s economic growth prospects continue to gain momentum, as the country’s reform trajectory and improving macroeconomic fundamentals attract growing interest from international investors. In a high-level meeting between the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, and the CEO of Renaissance Capital Africa Investors, Samuel Sule held in his...
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NIGERIA’S DOMESTIC DOLLAR BOND ISSUE WINS WEST AFRICA DEAL OF THE YEAR AWARD
Nigeria’s first-ever domestic US dollar bond has been named West Africa Deal of the Year at the 2025 Global Banking & Markets Africa Awards, following a highly successful issuance that raised $917 million. Announced by the Debt Management Office (DMO) on August 19, 2024, the bond initially targeted $500 million but was oversubscribed by 180%....
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IMF BACKS NIGERIA’S SINGLE WINDOW TRADE PROJECT AMIDS ECONOMIC REFORMS
Nigeria’s quest for economic greatness has received a significant boost as the International Monetary Fund (IMF) has indicated its support for the Single Window Trade Project, a groundbreaking initiative poised to streamline trade, increase revenue, and propel the country to the forefront of African economies. The IMF’s intention of support was indicated during a meeting...
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PRESIDENT TINUBU APPOINTS MRS LYDIA SHEHU JAFIYA TO NNPC LIMITED BOARD AS FINANCE REPRESENTATIVE
In a significant move to reconstitute the Nigerian National Petroleum Company (NNPC) Limited Board, President Bola Ahmed Tinubu has appointed Mrs Lydia Shehu Jafiya mni, Permanent Secretary, Federal Ministry of Finance, as a member of the new Board. This appointment is part of a broader restructuring effort aimed at enhancing operational efficiency, restoring investor confidence,...