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...
Category: Economy
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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...
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FG CHAMPIONS FISCAL & MONETARY POLICY COORDINATION AT RENEWED HOPE AGENDA WORKSHOP
In a bold move to revitalize Nigeria’s economy, the Federal Government has convened a two- day groundbreaking Renewed Hope Agenda workshop, championing coordination between fiscal and monetary policies. Organised by the Federal Ministry of Finance in partnership with the Central Bank of Nigeria (CBN), the workshop aimed to strengthen the Federal Government’s technical capacity in...
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FG PARTNERS TRANS SAHARA CONSORTIUM FOR FOOD SECURITY
In its renewed commitment to revolutionize the country’s agricultural sector, the Federal Government has expressed its desire to partner Trans Sahara Consortium’s Soybean and Sugar Projects’ initiatives. The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosed this today in his office in Abuja, when he met with a delegation...
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NIGERIA TAKES HISTORIC LEAP AS CRUDE OIL SALES COMMENCES IN NAIRA
In a groundbreaking move, Nigeria has officially commenced the sale of crude oil and refined petroleum products in Naira The HonourableMinister of Finance and Coordinating Minister of the Economy, announced that, in line with the Federal Executive Council (FEC) directive, the sale of crude oil and refined petroleum products in Naira has officially commenced as...
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NIGERIA’S FUTURE LEADERS SHINE AS SILVER AWARD PRESENTATION CELEBRATES YOUTH EXCELLENCE
Nigeria’s commitment to empowering its youth was on full display Friday, at the Silver Award Presentation Ceremony of the Duke of Edinburgh’s International Award. The event, attended by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, recognized the outstanding achievements of young people aged 14 to 24 who have...
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WALE EDUN ASSURES MINISTRY’S WORKFORCE OF BETTER WELFARE SERVICES, CHARGES THEM ON IMPROVED PRODUCTIVITY
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has assured the Association of Senior Civil Servants of Nigeria (ASCSN), Finance Chapter, and the Ministry’s Joint Union Council (JUC), of better welfare services while also charging them to ensure optimum productivity in order to boost the economic growth and development...