A total sum of N1.411 trillion, being October 2024 Federation Accounts Revenue, has been shared to the Federal Government, States and the Local Government Councils. The revenue was shared at the November 2024 meeting of the Federation Accounts Allocation Committee (FAAC) held in Bauchi State and chaired by the Accountant General of the Federation. Dr....
Category: Economy
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ADEBUTU’S VISIONARY GIFT: NIJ MEDIA HUB SET TO TRANSFORM NIGERIA’S MEDIA LANDSCAPE
In a significant boost to Nigeria’s media sector, renowned philanthropist Sir (Dr.) Kesington Adebukunola Adebutu has inaugurated a state-of-the-art Media Resource Centre at the Nigerian Institute of Journalism (NIJ), Ikeja, Lagos, a facility expected to strengthen Nigeria’s media sector and deliver economic benefits. This landmark facility, funded by Dr. Adebutu is poised to enhance the...
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FG RELEASES FUNDS FOR PAYMENT OF NASU AND FEDERAL RETIREES
The Federal Government has released funds for payment of withheld salary of Non-Academic Staff Union of Federal Universities (NASU). The Office of the Accountant General of the Federation (OAGF) made this known in a statement in Abuja. According to the OAGF, the Federal Government has also released funds for payment of benefits to retirees under...
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 Breaking: Nigeria Launches the Foreign Currency Voluntary Disclosure, Depositing, Repatriation, and Investment Scheme
The Federal Government of Nigeria has reportedly announced the commencement of the Foreign Currency Voluntary Disclosure, Depositing, Repatriation, and Investment Scheme, known as the Disclosure Scheme, in pursuance of Executive Order No. 15 of 2023 titled “Disclosure, Depositing, Repatriation, and Investment of Eligible Foreign Exchange Assets and Related Matters Order, 2023” and the “Foreign Currency...
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NIGERIA’S ECONOMY SET FOR BOOST AS GOVERNMENT INTENSIFIES FOOD PRODUCTION EFFORTS
In a bid to tackle inflation and ensure food security, the Federal Government of Nigeria is intensifying efforts to increase food production in the country. The HonourableMinister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, in his remarks at the Nigerian delegation’s wrap-up press briefing, during the 2024 IMF/World Bank Annual Meetings...
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NIGERIA BOOSTS CYBERSECURITY AS FG HOSTS LANDMARK WORKSHOP TO PROTECT CRITICAL INFRASTRUCTURE
The Federal Government of Nigeria has taken a significant step in strengthening the country’s cybersecurity defences by hosting a Critical National Information Infrastructure (CNII) Protection and Resilience Workshop. This landmark event, held at the Office of the National Security Adviser (ONSA) in Abuja, brings together policymakers and sector regulators to fortify cybersecurity across Nigeria’s key...
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NIGERIA FORGES STRATEGIC TIES AS FINANCE MINISTER MEETS AFREXIMBANK PRESIDENT AT IMF /W’BANK ANNUAL MEETINGS
In a significant move to bolster Nigeria’s economic prospects, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, held a key meeting with Afreximbank’s President, Benedict Oramah on the sidelines of the World Bank-IMF Annual Meetings in Washington D.C., Oando Group’s President, Mr. Wale Tinubu was also present. The discussions...
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EDU HOLDS TALKS WITH PRESIDENT ALKHALIFA, DISCUSSIONS FOCUSED ON ADVANCING NIGERIA’S PRIORITIES IN INFRASTRUCTURE, OTHERS
In a significant move to bolster Nigeria’s economic resilience and infrastructure development, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has met with OPEC Fund for International Development President, Dr. Abdulhamid Alkhalifa, at the World Bank Headquarters in Washington, D.C. Their discussions focused on advancing Nigeria’s priorities in infrastructure,...
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EDUN PUSHES FOR WOMEN’S FINANCIAL INCLUSION AT WORLD BANK-IMF MEETING
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has reaffirmed President Bola Ahmed Tinubu’s strong commitment to women’s economic empowerment while also advocating for their global financial inclusion in line with contemporary realities. Speaking to World leaders during a high-level IMF Annual Meeting at the World Bank Headquarters Washington...
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NIGERIA’S ECONOMY SEES PROMISING GROWTH AS WALE EDUN ASSURES OF BETTER DAYS AHEAD
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has expressed optimism about Nigeria’s economic future, assuring of better days ahead with the determination of the President Bola Ahmed Tinubu-led Administration to implement policies, initiatives and programmes that will positively impact on the lives of millions of Nigerians The Ministerdisclosed...