In a decisive move to combat soaring food prices and alleviate the burden of inflation on Nigerians, the Federal Government has proposed a temporary zero-duty levy on selected food imports. This strategic initiative announced by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun aims to increase food availability, reduce...
Category: Economy
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UNLOCKING AFFORDABLE HOUSING: WALE EDUN LEADS TALKS ON LAUNCH OF MORTGAGE FINANCE FUND
In a significant stride towards making home ownership a reality for millions of Nigerians, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has today in his office in Abuja, convened a high-level meeting to discuss the launch of the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF). This...
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FG REFUTES VAT INCREASE SPECULATION
The Federal Government has officially debunked reports suggesting that the President Bola Ahmed Tinubu-led Administration plans to raise Nigeria’s Value-Added Tax (VAT) from 7.5% to 10%. In a statement issued earlier this morning, the Honourable Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun clarified that there is no such proposal under...
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NIGERIA, CHINA FORGEUNBREAKABLE BONDS: $3.3 BILLION AGREEMENT SIGNED AT HISTORIC TRADE CONFERENCE
In a landmark event chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun that heralds a new era of economic cooperation, Nigeria and China have reaffirmed their commitment to deepening economic cooperation, strengthening bilateral ties and fostering sustainable development. The inaugural China-Nigeria Economic Cooperation and Trade Conference, held...
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CELEBRATING A LEGACY OF EXCELLENCE: FINANCE TOP MANAGEMENT HOLDS VALEDICTORY SESSION FOR MR. OKOKON EKANEM UDO
In a heartfelt tribute, the Top Management Staff of the Federal Ministry of Finance, Abuja, today bid farewell to a dedicated public servant, Mr. Okokon Ekanem Udo, Permanent Secretary Special Duties, as he prepares to retire from the Federal Civil Service. The Valedictory Session, led by the Permanent Secretary Finance, Mrs. Lydia Shehu Jafiya, celebrated...
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THRIVING ECONOMY, SECURE ENVIRONMENT: FINANCE MINISTER, DEFENCE CHIEF MEETS
In a demonstration of inter-agency collaboration, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has paid a courtesy visit to the Chief of Defence Staff (CDS), General Christopher Gwabin Musa, at the Defence Headquarters, Abujato discuss the military’s critical role in safeguarding democracy and driving Nigeria’s economic and social...
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FG INAUGURATES NSIA BOARD OF DIRECTORS, CHARGES THEM TO ENHANCE THE WEALTH OF THE NATION
The Federal Government has inaugurated the new Board of Directors for the Nigeria Sovereign Investment Authority (NSIA), tasked with the critical mandate of steering the nation’s economic growth and stability. The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, while inaugurating the Board today in his office in Abuja, charged...
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FG TO POWER WHISTLE-BLOWING POLICY WITH LEGAL FRAMEWORK
The Federal Government has taken a significant step towards enhancing the effectiveness of its whistleblowing policy by developing a draft bill to provide legal backing and protection for whistleblowers. This move aims to address the challenges hindering the policy’s implementation and encourage more individuals to report corruption and misconduct in the conduct of government businesses....
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FG FOSTERS GLOBAL PARTNERSHIP WITH WORLD FOOD PROGRAMME TO BOOST NIGERIA’S AGRICULTURAL SECTOR
In a move to enhance food security and agricultural productivity in the country, the Federal Government has stepped up plans to foster global partnership with World Food Programme (WFP) in order to boost Nigeria’s Agricultural Sector for improved food security The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun disclosed...
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EDUN ADDRESSES HOUSE COMMITTEE ON ALTERNATE EDUCATION: OUTLINES GOVERNMENT’S FINANCIAL EDUCATION STRATEGY*
In a bid to address the pressing issue of out-of-school children in Nigeria, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun today addressed the House of Representatives Committee on Alternate Education, outlining government’s financial strategies and programsaimed at tackling the challenge Joined by the Honourable Minister of Budget and...