The Federal Government has taken a significant step towards addressing Nigeria’s Housing Finance Gap with the launch of the Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund (MREIF), a ₦250 billion initiative designed to provide low-cost, long-term mortgage financing and stimulate economic growth through the housing and construction sectors. Presiding over the signing ceremony...
Category: Economy
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Economic Diversification Vital for Nigeria’s Stability, Says Speaker Abbas Tajudeen
IThe Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, has emphasized the importance of economic diversification in ensuring Nigeria’s stability, job creation, and sustainable development. Speaking during the 14th Convocation Lecture of Al-Hikmah University, Ilorin, on Monday, Hon. Tajudeen highlighted the Federal Government’s ongoing reforms to achieve economic transformation. Delivering a lecture titled,...
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*NIGERIA, SAUDI ARABIA FORGE STRONGER ECONOMIC TIES ON DEVELOPING EXPORT CREDIT AND INSURANCE FRAMEWORK.
Nigeria has taken a significant step in bolstering its economic relationships with Saudi Arabia, following a high-level visit to Riyadh led by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun. The delegation’s engagement with key Saudi Ministers and institutions marks a new chapter in bilateral cooperation between the two...
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FG APPLAUDS NCS FOR GENERATING N5 TRILLION IN 2024, APPROVES EXPANSION TO BOOST OPERATIONAL EFFICIENCY
The Federal Government has commended the Nigeria Customs Service (NCS) for generating approximately ₦5 trillion in revenue by September 2024. The Honourable Minister of Finance and Coordinating Minister of the Economy Mr. Wale Edun gave the commendation in Abuja when he presided over the 61st meeting of the Nigeria Customs Service (NCS) Board. This achievement,...
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NIGERIA TO PARTNER BLOOMBERG TO BOOST GLOBAL INVESTMENT APPEAL
The Federal Government of Nigeria, through the Ministry of Finance Incorporated (MOFI), is set to partner withfinancial giant Bloomberg in a two-year initiative aimed at showcasing its economic potential and attracting foreign investment. At a meeting with the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun held in his office...
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NIGERIA’S ECONOMIC TEAM CHARTS COURSE FOR STABILITY, GROWTH
The Economic Management Team (EMT), led by the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, convened in Abuja today to review critical economic policies and progress in key sectors. The meeting focused on strengthening Nigeria’s economic resilience, with presentations from the Central Bank of Nigeria (CBN) and the Ministry of...
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UNLOCKING NIGERIA’S HEALTHCARE POTENTIAL: PVAC INITIATIVE TAKES CENTER STAGE
In its avowed determination to revolutionize the country’s healthcare sector, the Federal Government has taken bold steps towards ensuring local production of critical medical goods. The initiative, spearheaded by the Coordinating Minister of Health, Professor Muhammad Ali Pate, seeks to strengthen Nigeria’s healthcare sector through local production of critical medical goods, including pharmaceuticals, mosquito nets,...
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EDUN UNVEILS NIGERIA’S PLAN FOR SUSTAINABLE GROWTH, POVERTY REDUCTION
In a significant move to drive Nigeria’s economic growth and ensure poverty reduction, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has unveiled a comprehensive economic plan for sustainable growth development. The plan includes a ₦50 trillion budget for 2025, with a focus on strategic investments and robust reforms....
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FINANCE MINISTRY HAILS PTDF FOR BOOSTING CAPACITY OF ITS TOP MANAGEMENT STAFF TO DRIVE THE NATION’S ECONOMIC RESOURCES
The Federal Ministry of Finance has commended the Petroleum Technology Development Fund (PTDF) for organising a Leadership and Management Masterclass for the Top Management Staff of the Ministry so as to enhance their competencies in stewarding the nation’seconomic resources. Declaring the training programme open, the Permanent Secretary, Federal Ministry of Finance, Mrs Lydia Shehu Jafiya,...
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FG, STATES, LGCs SHARE N1.727 TRILLION FROM A GROSS TOTAL OF N3.143 TRILLION FOR THE MONTH OF NOVEMBER 2024
The Federation Account Allocation Committee (FAAC), at its December 2024 meeting chaired by the Honourable Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1.727 Trillion to the three tiers of government as Federation Allocation for the month of November, 2024 from a gross total of N3.143 Trillion....