Nigeria’s quest for economic growth and sustainable development took centre stage at the International Monetary Fund (IMF) Annual Meetings in Washington D.C. as the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun officially kicked off his participation at the IMF Annual Meetings in Washington DC with a key discussion with...
Category: Economy
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IMF/W’BANK MEETINGS: EDUN TO LEAD FG’s DELEGATION, CANVASS SUPPORT FOR NIGERIA
As the world faces a host of intertwined challenges- from climate change, pandemics, fragility, geo-political tensions, to debt distress- leaders of fiscal and Monetary Authorities are gathered in Washington DC for the annual meeting to discuss the impact, speed, scale and efficiency of measures to arrest the situation. The 2024 Annual Meetings will take place...
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FG REVS UP ECONOMIC GROWTH WITH VREG, SAYS POLICY TO CURB REVENUE LEAKAGES
The Federal Government has disclosed that the National Vehicle Registry (VREG) Policy is an innovative solution that will rev up economic growth,plug revenue leakages associated with vehicle importation and improve operational efficiency in motor vehicle administration across the country. This centralized database of all vehicles in Nigeria aims to improve operational efficiency in motor vehicle...
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WALE EDUN HIGHLIGHTS NIGERIA’S ECONOMIC TRAJECTORY AT COUNTRY’S 2024 DEVELOPMENT UPDATE, SAYS REFORMS YIELD POSITIVE RESULTS
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has disclosed that Nigeria’s economic reforms are gaining momentum, with significant progress made in stabilizing the economy. The Minister who made the disclosure at the launch of the October 2024 Nigeria Development Update (NDU) in Abuja,highlighted the country’s economic trajectory. At...
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FG, STATES, LGCs SHARE N1.289 TRILLION FROM A GROSS TOTAL OF N2.258 TRILLION FOR THE MONTH OF SEPTEMBER 2024
The Federation Account Allocation Committee (FAAC), at its October 2024 meeting chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1.298 Trillion to the three tiers of government as Federation Allocation for the month of September, 2024 from a gross total of N2.298 Trillion. From...
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WALE EDUN LAUNCHES PERFORMANCE MANAGEMENT SYSTEM TO ENSURE DELIVERY ON THE COUNTRY’S DEVELOPMENT PRIORITIES*
In line with the Federal Civil Service Strategy and Implementation Plan 2021- 2025 (FCSSIP 25), introduced by the Office of the Head of the Civil Service of the Federation to drive civil service reforms, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun today in his office in Abuja, launched...
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FG, STATES, LGCs SHARE N1.298 TRILLION SEPTEMBER 2024 REVENUE
A total sum of N 1.298 trillion September 2024 Federation Accounts Revenue has been shared to the Federal Government, States and the Local Government Councils. The revenue distribution was announced at the October 2024 meeting of the Federation Accounts Allocation Committee (FAAC), in Abuja. The N1.298 trillion total distributable revenue comprised distributable statutory revenue of...
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WALE EDUN CHARTS PATH TO ECONOMIC STABILITY AT 30TH NIGERIA ECONOMIC SUMMIT
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun on Tuesday at the 30th Nigeria Economic Summit, presented a roadmap towards ensuring Nigeria’s macro-economic stability and growth under President Bola Ahmed Tinubu’s Administration. The summit, themed: Collaborative Action for Growth, Competitiveness, and Stability, gathered prominent leaders from public and private...
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FG PROVIDES UPDATE ON DIRECT PURCHASE OF PMS BY PETROLEUMPRODUCT MARKETERS
The Federal Government has announced a significant milestone in Nigeria’s journey towards a deregulated market structure for Premium Motor Spirit (PMS). The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, disclosed this today in a press statement whichhe personally signed and made available to the Ministry’sInformation and Public Relations Unit...
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AGF GIVES GUIDELINES FOR THE EXEMPTION OF THIRD-PARTY RESEARCH GRANT FUNDS FROM TSA
The Accountant General of the Federation, Dr. Oluwatoyin Madein has issued guidelines for the exclusion of third-party research grant funds of Federal Universities and Research Institutions from the Treasury Single Account (TSA). In a federal treasury circular issued in Abuja, Dr, Madein said the new guidelines would be implemented immediately. She said the guidelines were...