At the World Economic Forum (WEF) 25, the Honourable Minister of Finance and Coordinating Minister of the Economy Mr Wale has met with His Excellency Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, to discuss infrastructure investment opportunities that would ease logistics bottlenecks and propel Nigeria’s economy forward. The meeting between the...
Category: Economy
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DAVOS 2025 SPOTLIGHT: NIGERIA SHOWCASES SUSTAINABLE GROWTH STRATEGY FOR INCLUSIVE DEVELOPMENT
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has joined Vice President Kashim Shettima at the 2025 World Economic Forum in Davos, Switzerland. The Vice President is leading Nigeria’s delegation at this premier global economic gathering. Ahead of the event, the Honourable Minister expressed optimism about Nigeria’s economic trajectory...
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FINANCE MINISTRY CALLS FOR STRATEGIC RESOURCE ALLOCATION TO DELIVER ON THE COUNTRY’S DEVELOPMENT PRIORITIES
The Federal Ministry of Finance has expressed optimism that strategic resource allocation and prudent management would drive the nation’s development priorities as well as enhance greater economic prosperity. Speaking today in Abuja during the Ministry’s 2025 Budget defence before the House of Representatives Committee on Finance, the Honourable Minister of State for Finance, Dr. Doris...
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REFORMS AND FISCAL GAINS SIGNAL NIGERIA’S ECONOMIC RECOVERY – WALE EDUN
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has stated that Nigeria’s economy is making significant strides in recovery and growth The Minister made the disclosure today in Abuja during the 2025 budget defence before the Senate Committee on Finance. The Minister, who was joined by the Honourable Minister...
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SENATE COMMITTEE ON FINANCE FROWNED AT POOR FUNDING OF FRC
The Senate Committee on Finance has expressed dissatisfaction over the perennial poor funding of the Fiscal Responsibility Commission (FRC) during the commission’s 2025 fiscal year budget defense. The Chairman of the committee, Senator Shehu Musa, described the situation as regrettable, highlighting the irony of the underfunding of a commission that is charged with ensuring and...
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NIGERIA SEEKS GLOBAL MINING PARTNERSHIPS TO BOOST THE NATION’S ECONOMY
In its avowed determination to revitalize the nation’s economy, the Federal Government has expressed its commitment to fostering strategic global mining partnerships that drive economic growth, promote investment, and encourage innovation. The Honourable Minister of State Finance, Dr. Doris Uzoka-Anite led the charge at the Future Minerals Forum (FMF) in Riyadh, Saudi Arabia, where she...
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FG, STATES, LGCs SHARE N1.424 TRILLION FROM A GROSS TOTAL OF N2.310 TRILLION FOR THE MONTH OF DECEMBER 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 N1.424 Trillion to the three tiers of government as Federation Allocation for the month of December, 2024 from a gross total of N2.310 Trillion....
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JUST IN: FG, STATES, LGCs SHARE N1.424 TRILLION DECEMBER 2024 REVENUE
A total sum of N 1.424 trillion, being December 2024 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils. The revenue was shared at the January 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja. The N1.424 trillion total distributable revenue comprised distributable statutory revenue of N386.124...
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EDUN ADVOCATES FOR INNOVATIVE FINANCING, BOLD REFORMS AT IsDB RETREAT
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has advocated for Bold Reforms and SmarterInvestments at the Islamic Development Bank (IsDB) Governors’ Retreat holding in the City of Al-Madinah, Saudi Arabia. The retreat aimed to gather input and build consensus on the bank’s upcoming 10-year strategy to achieve greater...
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UN DEPUTY SECRETARY-GENERAL AMINA MOHAMMED MEETS NIGERIAN FINANCE MINISTER, DISCUSSES KEY DEVELOPMENTAL GOALS
In a significant step towards strengthening bilateral cooperation and accelerating Nigeria’s development agenda, the United Nations Deputy Secretary-General (DSG), Amina Mohammed, has met with the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, at the Ministry’s Headquarters Abuja. FROM LEFT TO RIGHT The visit was part of the UN’s ongoing...