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: News
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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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Leveraging Technology to Resolve Disputes–Mubarak Opeyemi Nurudeen
Interview with Mubarak Opeyemi Nurudeen: Q: Mubarak, You’ve studied in both Nigeria and the U.S. How has this diverse education shaped your approach to dispute resolution? Mubarak: My academic journey started with a Bachelor of Laws at the University of Ilorin in Nigeria and later an LL.M from Ohio State University in the U.S., where...
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Kwara Police Commissioner Meets Transport Union Leaders, Calls for Peace Amid Fuel Price Hike
The Commissioner of Police, Kwara State Command, CP Victor Olaiya, has held a crucial meeting with representatives of various transport unions following their strike action over the recent hike in petrol prices. The strike, which began on September 5, 2024, prompted the dialogue at the command headquarters on September 6, 2024. In a statement released...
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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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EFCC Arrests 44 Suspected Yahoo Boys in Kwara
The Economic and Financial Crimes Commission (EFCC) has arrested 44 suspected internet fraudsters, commonly known as “Yahoo boys,” in different parts of Ilorin, Kwara State. According to a statement by Dele Oyewale, Head of Media and Publicity at the EFCC, the suspects were apprehended on Friday, September 6, 2024, in areas such as Sango, Kulende,...
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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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48 Suspected Internet Fraudsters in Umudike Arrested
Operatives of the Uyo Zonal Directorate of the Economic and Financial Crimes Commission EFCC, have arrested forty eight (48) suspected internet fraudsters in Umudike, Abia State. They were arrested on Friday, August 30, 2024 at different locations within Umudike, following actionable intelligence on their suspected involvement in internet fraud. Items recovered from them include 12...
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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...