*The Federation Account Allocation Committee (FAAC), at its August 2024 meeting chaired by the HonourableMinister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, shared a total sum of N1,358.075 Trillion to the three tiers of government as Federation Allocation for the month of July, 2024 from a gross total of N2,613.791Trillion. From the...
Category: Economy
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FG, STATES, LGCs SHARE N1,358.075 BILLION JULY 2024 REVENUE
A total sum of N1,358.075 billion July 2024 Federation Accounts Revenue has been shared to the Federal Government, States and Local Government Councils in the country. The revenue distribution was announced at the August 2024 meeting of the Federation Accounts Allocation Committee (FAAC), in Abuja. The N1,358.075 billion total distributable revenue comprised distributable statutory revenue...
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BREAKING: NIGERIA MAKES HISTORY WITH $500 MILLION BOND LAUNCH: A BOLD STEP TOWARDS ECONOMIC TRANSFORMATION- EDUN
*In a groundbreaking move, the Federal Government of Nigeria has launched a $500 million domestic bond, marking a significant milestone in the country’s economic reform and development journey. The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, while unveiling the Series I USD500 Million Domestic FGN US Dollar Bond today...
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FG INAUGURATES TECHNICAL SUB-COMMITTEE ON NAIRA-BASED CRUDE SALES TO LOCAL REFINERIES*
In a significant step towards enhancing Nigeria’s refining capacity so as to promote economic growth and development of the country, the Federal Government has inaugurated the Technical Sub-Committee tasked with developing the framework for the sale of crude oil to local refineries in Naira. The Honourable Minister of Finance and Coordinating Minister of the Economy,...
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FINANCE MINISTER LEADS STRATEGIC MEETING ON NNPCL CRUDE SALES IN NAIRA*
In a bold move to ensure the full implementation of the President Bola Ahmed Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude oil to local refineries in Naira, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has today in his office in Abuja met...
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NIGERIA-CHINA ALLIANCE: WALE EDUN MEETS CHINESE DELEGATION, DISCUSSES ENHANCED COOPERATION TO BOOST INVESTMENT OPPORTUNITIES IN NIGERIA*
Jeffrey Adaralegbe, Nigeria The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, hosted a high-level Chinese delegation led by Minister Counsellor Wang Yingzi today in his office in Abuja, marking a historic step to strengthen economic ties and open up new investment opportunities in the nation. This event laid the...
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NIGERIA, US FORTIFY BILATERAL RELATIONS EXPLORES ECONOMIC COLLABORATION, SOCIO-ECONOMIC SOLUTIONS*
Jeffrey Adaralegbe, Nigeria Today, U.S. Ambassador R ichard Mills was received in the office of Mr. Wale Edun, the Honorable Minister of Finance and Coordinating Minister of the Economy, in an effort to strengthen bilateral relations and open up new opportunities for economic growth and socio-economic development in the nation. The purpose of the meeting...
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POVERTY ERADICATION: FG URGES NIGERIANS TO COLLABORATE ON LOCAL ECONOMIES.
To eradicate poverty in Nigeria, The Federal Government has advised Nigerians to collaborate and understand, localize the challenge and where everyone can help in making the country the richest in the world. Minister of Budget and Economic Planning, Atiku Bagudu made the advised at the launch of Citizens Action to End Poverty and Injustice between...
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FG INAUGURATES STEERING COMMITTEE FOR THE ESTABLISHMENT OF DIGITAL FREE ZONES TO BOOST GLOBAL TECH, FINANCE, SERVICES-BASED BUSINESSES*
The Federal Government of Nigeria has initiated an initiative to create Digital Free Zones in the nation, with the goal of positioning the country as a global hub for digital trade and innovation. A steering committee, chaired by President Bola Ahmed Tinubu GCFR, has been formed to oversee the establishment of these digital free zones,...
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NYSC, ITF, Immigration To Strengthen Ties With Dangote Cement
Critical stakeholders in the country have pledged to partner the Dangote Cement Plc to speed up the realization of government objectives of providing social and economic development to Nigerians. During their familiarization visits to the Dangote Cement Plant, Obajana, Kogi State, top officials of the National Youths Service Corps (NYSC), Nigeria Immigration Service (NIS) and...