The African Union has reported significant progress in member-states’ contributions to its 2025 Regular Budget, with Nigeria playing a key leadership role in championing sustainable financing. This was disclosed by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, at the 47th Ordinary Session of the AU Executive Council, held...
Category: Economy
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FGN ADVANCES ECONOMIC DIPLOMACY IN BRAZIL AT OGUN INVESTMENT FORUM SUMMIT
The Federal Government of Nigeria has taken a significant step in advancing its economic diplomacy efforts in Brazil, as the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun participated in the Ogun State Investment Forum with the Brazilian Business Community. This engagement was part of a broader effort to promote...
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EDUN CHAMPIONS NIGERIA’S FISCAL RESET AT THE UN FINANCE SUMMIT
In a bid to drive economic growth and development, the Honourable Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun has today emphasized the need for fiscal reform and international cooperation when he delivered the country’s statement at the 4th International Conference on Financing for Development (FFD4), holding in Sevilla, Spain. Speaking...
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EDUN UNVEILS ROADMAP FOR INVESTMENT-LED GROWTH AT STAKEHOLDERS ENGAGEMENT SESSION
The Federal Government’s commitment to economic reform and development took center stage today as the Federal Ministry of Finance held its Citizens and Stakeholders Engagement on the Implementation of Presidential Priorities and Ministerial Deliverables for second quarter of 2025 in Abuja. This quarterly engagement is designed to foster transparency, accountability, and inclusive growth, providing a...
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FG WELCOMES SHELL’S RENEWED COMMITMENT TO NIGERIA’S ENERGY SECTOR
The Federal Government has welcomed Shell’s renewed commitment to Nigeria’s energy sector, with the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, expressing optimism about the company’s investments in the country Receiving a senior delegation from Shell Petroleum Development Company (SPDC) Nigeria Limited, led by the Managing Director and Country Chair,...
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PRESIDENT TINUBU DECLARES ASIF 2025 OPEN, PLEDGES NIGERIA’S COMMITMENT TO AFRICA’S ECONOMIC TRANSFORMATION
In a strong show of commitment to Africa-led growth, His ExcellencyPresident Bola Ahmed Tinubu has today in Abuja declared the 4th Annual Meeting of the Africa Sovereign Investors Forum (ASIF), emphasizing the need for collective action and regional cooperation among African countries to achieve transformative development. Represented by Vice President Kashim Shettima, President Bola Ahmed...
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FG Upscales Collaboration with Impact Investors to Drive Nigeria’s Economic Transformation
The Federal Government of Nigeria has reaffirmed its commitment to fostering sustainable economic growth through a landmark $50 million investment in the *Nigeria Wholesale Impact Investment Fund (WIIF), anchoring the fund’s first close at $100 million. This strategic initiative supports President Bola Ahmed Tinubu’s vision of achieving 7% annual economic growth, with a focus on...
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FG REITERATES COMMITMENT TO CREATING FAVOURABLE BUSINESS ENVIRONMENT FOR PRIVATE SECTOR GROWTH
The Federal Government has reaffirmed its commitment to fostering a conducive business environment where innovation, transparency, and capital investment can flourish. The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, gave the assurance today in his office in Abuja during a courtesy visit by esteemed businessman and philanthropist, Mr Femi...
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MOODY’S UPGRADES NIGERIA’S ISSUER RATINGS TO ‘B3’, CITING BOLD ECONOMIC REFORMS
The Federal Ministry of Finance welcomes the recent decision by Moody’s Investors Service to upgrade Nigeria’s Issuer ratings from Caa1 to B3, with a stable outlook, citing significant improvements in Nigeria’s external and fiscal positions. This decision reflects growing domestic and international confidence in Nigeria’s ongoing economic reforms and improvements in the country’s fiscal and...
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RE: NIGERIA’S EXTERNAL BORROWING PLAN FOR 2024 -2026
On May 27, 2025, the President of the Federal Republic of Nigeria, His Excellency Bola Ahmed Tinubu, GCFR, formally requested the approval of the 2024 – 2026 External Borrowing Rolling Plan from the National Assembly. This press releaseprovides context and clarification on the purpose and significance of the request. The proposed Borrowing Rolling Plan is...