In a significant move towards economic recovery, the Federal Government has today reaffirmed its commitment to fiscal sustainability. Briefing the Senate Committee on Appropriations on the 2025 Appropriation Bill, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun outlined the government’s strategy for stabilizing the nation’s economy and achieving long-term...
Category: Economy
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FINANCE MINISTER CHARGES TOP MANAGEMENT STAFF TO DRIVE ECONOMIC GROWTH
As the nation embarks on a new era of economic reforms, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has urged the Ministry’sTop Management Staff to leverage their expertise in driving the country’s developmental priorities. The Minister made the call in his office in Abuja during the assumption of...
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NEMA NCZ JOINS THE VP SHETIMA AT LAFIA AS HE FLAGS OFF DISTRIBUTION OF RELIEF MATERIALS TO VICTIMS OF 2O24 FLOOD DISASTER IN NASARAWA STATE
The Vice president, Sen. Kashim Shetima who is also the Chairman, NEMA governing board, on Friday 3rd January 2025 flagged off the distribution of relief materials to the victims of 2024 flood disaster at Lafia, the Nassarawa State capital. Sen.Shetima said the Federal Government under the leadership of president Bola Ahmed Tinibu is committed to...
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Kaduna begins refund of N61,080 to each of 6,239 Muslim pilgrim for 2023 Hajj
Kaduna begins refund of N61,080 to each Muslim pilgrim for 2023 Hajj By Achadu Gabriel, Kaduna Kaduna State Pilgrims Welfare Agency has commenced the payment of ₦61,080 to each of the 6,239 Muslim pilgrims who performed Hajj through the state in 2023. NAHCON had previously stated that the refunds were due to an interruption in...
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FINANCE MINISTRY PRIORITIZES WORKPLACE SAFETY FOR IMPROVED PRODUCTIVITY
In its avowed determination to improve service delivery to Nigerians, the Federal Ministry of Finance has hosted a one-day sensitization programme on workplace safety and health for improved productivity, demonstrating its commitment to creating a safe and healthy work environment for its staff. The programme, attended by staff of the Ministry, aimed to equip participants...
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FG LAUNCHES MOFI REAL ESTATE INVESTMENT FUND TO UNLOCK AFFORDABLE HOUSING, IMPROVE ECONOMIC GROWTH
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...
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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...