The Federation Account Allocation Committee (FAAC), at its August 2025 meeting chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, shared a total sum of N2.001 Trillion to the three tiers of government as Federation Allocation for the month of July 2025 from a gross total of N3.836 Trillion....
Category: Economy
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EDUN, CARDOSO UNITE TO BOOST ECONOMIC STABILITY, INVESTOR CONFIDENCE
In a significant step towards strengthening Nigeria’s economic fundamentals, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today, held a strategic meeting with the Governor of the Central Bank of Nigeria, Dr. Olayemi Cardoso, at the CBN Headquarters in Abuja. The Chairman of the Federal Inland Revenue Service (FIRS),...
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WTO CHIEF, NIGERIA’S FINANCE MINISTER UNITE FOR TRADE-LED GROWTH
In a significant step towards boosting Nigeria’s economic prospects, the Director-General of the World Trade Organization, Dr. Ngozi Okonjo-Iweala met today with the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, in his office in Abuja to advance a shared agenda for trade-led growth, investment, and inclusive development. During the...
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WALE EDUN BACKS ECONOMISTS’ ROLE IN SHAPING NIGERIA’S GROWTH PATH
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, today in his office in Abuja met with a delegation from the Nigerian Economic Society (NES), led by its President, Prof. Adeola Adenikinju, committing to deeper collaboration aimed at shaping evidence-based economic policy. Edun described NES as the intellectual and statistical...
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FG CHARTS PATH TO RENEWED STABILITY, ACCELERATED GROWTH
The Federal Government has outlined its strategy for achieving renewed stability and accelerated growth, with a focus on private sector-led investment, job creation, and improved public services. Speaking at a media briefing today, in his office in Abuja, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun shared the government’s...
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FG REFINES CAPITAL BUDGET EXECUTION FOR ACCELERATED GROWTH
The Federal Government has taken a significant step towards accelerating economic growth and development by refining the implementation of its 2025 capital budget. This strategic move is aimed at unlocking private sector confidence, driving infrastructure delivery, and sustaining economic growth and development. In line with this objective, the Honourable Minister of Finance and Coordinating Minister...
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WALE EDUN COMMENDS LOTUS CAPITAL’S LEADERSHIP IN NON-INTEREST FINANCE
The Honourable Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun has commended Lotus Capital’s leadership in promoting non-interest finance in Nigeria, emphasising that collaboration between the public and private sectors will be essential to mobilising sustainable, long-term capital for national development. The Minister gave the commendation today in his office in...
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FPMU Hosts Strategic Meeting with 23 State Coordinators on Project Implementation Readiness Ahead of Fund Disbursement.
The Federal Project Management Unit (FPMU) of the Nigeria Climate Adaptation – Erosion and Watershed Project (NEWMAP-EIB) convened a strategic meeting on Monday, 11/8/2025 in Abuja with 23 State Project Coordinators to finalize state-level readiness and work plans ahead of fund disbursement. Delivering the opening remarks, the National Project Coordinator, Engr. Ayuba Anda Yalaks, stated...
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NIGERIA, KUWAIT FUND PARTNER TO REVOLUTIONIZE EDUCATION IN KADUNA STATE
In a significant step towards improving access to quality education in Nigeria, the Federal Government and the Kuwait Fund for Arab Economic Development have partnered to support the Reaching Out-of-School Children programme in Kaduna State. This partnership is built on a US$25.35 million concessionary loan agreement signed today between the Federal Government of Nigeria on...
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FG Targets Education, Agriculture with N68.7bn Power Projects Across Nigeria
The Federal Government has approved contracts worth ₦68.7 billion for major electricity projects aimed at improving power supply to universities, teaching hospitals, and rural communities involved in agriculture across Nigeria. Minister of Power, Adebayo Adelabu, disclosed the development to journalists after this week’s Federal Executive Council meeting, which was presided over by President Bola Tinubu...