In a bid to accelerate Nigeria’s poverty reduction efforts in line with the Renewed Hope Agenda of the President Bola Ahmed Tinubu-led Administration, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun today in his office in Abuja presided over a pivotal meeting of the Presidential Panel on the Social...
Category: Economy
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STILL ON NAIRA CRUDE OIL SALES INITIATIVE: IMPLEMENTATION COMMITTEE MEETS TO FAST-TRACK TRANSITION*
In a significant step towards ensuring the speedy realization of the Presidential directive on Crude Oil Sales in Naira with a view to enhancing Nigeria’s economic growth and development, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today in his office in Abuja, presided over a crucial meeting of...
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EDUN JOINS FEDERAL DELEGATION IN BAUCHI FOR LAUNCH OF HEALTH INFRASTRUCTURE PROJECTS*
In a significant stride towards enhancing healthcare delivery services in Nigeria, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun today joined a federal government delegation in Bauchi State to launch 10 major health infrastructure projects. This landmark initiative, part of President Bola Ahmed Tinubu’s Renewed Hope Agenda, aims to...
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FAAC:*FG, STATES, LGCs SHARE N1,358.075 TRILLION FROM A GROSS TOTAL OF N2,613.791TRILLION FOR THE MONTH OF JULY 2024
*The Federation Account Allocation Committee (FAAC), at its August 2024 meeting chaired by the HonourableMinister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, shared a total sum of N1,358.075 Trillion to the three tiers of government as Federation Allocation for the month of July, 2024 from a gross total of N2,613.791Trillion. From the...
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FG, STATES, LGCs SHARE N1,358.075 BILLION JULY 2024 REVENUE
A total sum of N1,358.075 billion July 2024 Federation Accounts Revenue has been shared to the Federal Government, States and Local Government Councils in the country. The revenue distribution was announced at the August 2024 meeting of the Federation Accounts Allocation Committee (FAAC), in Abuja. The N1,358.075 billion total distributable revenue comprised distributable statutory revenue...
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BREAKING: NIGERIA MAKES HISTORY WITH $500 MILLION BOND LAUNCH: A BOLD STEP TOWARDS ECONOMIC TRANSFORMATION- EDUN
*In a groundbreaking move, the Federal Government of Nigeria has launched a $500 million domestic bond, marking a significant milestone in the country’s economic reform and development journey. The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, while unveiling the Series I USD500 Million Domestic FGN US Dollar Bond today...
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FG INAUGURATES TECHNICAL SUB-COMMITTEE ON NAIRA-BASED CRUDE SALES TO LOCAL REFINERIES*
In a significant step towards enhancing Nigeria’s refining capacity so as to promote economic growth and development of the country, the Federal Government has inaugurated the Technical Sub-Committee tasked with developing the framework for the sale of crude oil to local refineries in Naira. The Honourable Minister of Finance and Coordinating Minister of the Economy,...
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FINANCE MINISTER LEADS STRATEGIC MEETING ON NNPCL CRUDE SALES IN NAIRA*
In a bold move to ensure the full implementation of the President Bola Ahmed Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude oil to local refineries in Naira, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has today in his office in Abuja met...
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NIGERIA-CHINA ALLIANCE: WALE EDUN MEETS CHINESE DELEGATION, DISCUSSES ENHANCED COOPERATION TO BOOST INVESTMENT OPPORTUNITIES IN NIGERIA*
Jeffrey Adaralegbe, Nigeria The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, hosted a high-level Chinese delegation led by Minister Counsellor Wang Yingzi today in his office in Abuja, marking a historic step to strengthen economic ties and open up new investment opportunities in the nation. This event laid the...
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NIGERIA, US FORTIFY BILATERAL RELATIONS EXPLORES ECONOMIC COLLABORATION, SOCIO-ECONOMIC SOLUTIONS*
Jeffrey Adaralegbe, Nigeria Today, U.S. Ambassador R ichard Mills was received in the office of Mr. Wale Edun, the Honorable Minister of Finance and Coordinating Minister of the Economy, in an effort to strengthen bilateral relations and open up new opportunities for economic growth and socio-economic development in the nation. The purpose of the meeting...