Federal Government has issued the General Guidelines for the implementation of the Tax Acts 2025, setting out the process for transition from the repealed tax laws to the new tax framework effective from January 1, 2026. Issued by the Federal Ministry of Finance, the Guidelines provide direction to taxpayers,...
Minister of Finance
Federal Government of Nigeria is closely monitoring escalating geopolitical tensions in the Middle East involving the United States, Israel, and Iran, and remains committed to safeguarding Nigeria’s economic stability. The Economic Management Team (EMT), chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun,...
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has welcomed new data from the National Bureau of Statistics (NBS) showing that Nigeria’s real GDP grew by 4.07% in the fourth quarter of 2025 (Q4 2025). Edun said this marks the second time in a decade—excluding the...
President/Chief Executive of the African Development Studies Centre (ADSC), Sir Victor Oluwafemi, has called for greater responsibility and accuracy when reporting on the health of public officials, following recent unverified claims about Finance Minister Wale Edun’s medical condition. In a statement issued on Thursday, Sir Oluwafemi expressed concern over...
The Minister of Finance, Mr Wale Edun, has emphasised the crucial role of the capital market in achieving the nation’s ambitious goal of becoming a one-trillion dollar economy. Speaking at the Capital Market Committee (CMC) meeting, the minister highlighted the market’s transformation since 2015. He said that with improvements...
President Bola Tinubu is dedicated to achieving rapid, sustained, and inclusive economic growth that will lift millions of Nigerians out of poverty. This was stated by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, while briefing State House Correspondents after the fifth Federal Executive...
The Federal Executive Council (FEC) has approved 1.07 billion dollars for healthcare sector reforms under the Human Capital Opportunities for Prosperity and Equity (HOPE) programme. The Federal Government also approved a N4.8 billion allocation for HIV treatment, Mr Wale Edun, the Minister of Finance and Coordinating Minister of the...
The Federal Executive Council (FEC) has approved $2.2 billion financing programme for external borrowing, including a potential Eurobond and Sukuk bond offer. The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, made this known while briefing newsmen after the FEC meeting on Wednesday at the...
Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Tuesday, said the sale of crude in naira to local refiners had set the Nigerian economy on the path of industrialisation and modernisation. Edun, chairman of the committee, said this while addressing State House correspondents after...
The Federal Government has given approval for marketers to begin the lifting of premium motor spirit commonly known as fuel from the Dangote Refinery without going through the Nigerian National Petroleum Company Limited (NNPCL). According to a Friday statement by the Minister of Finance and the Coordinating Minister of...
The Federal Government has introduced new fiscal incentives to boost foreign investments in Nigeria’s oil and gas sector. The two incentives were unveiled by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun in a statement on Wednesday. According to the statement by the Finance Ministry,...
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the Dangote Refinery will begin the distribution of Premium Motor Spirit (PMS) on Sunday. Edun, who was represented by the Executive Chairman, Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji, said this at a news...
The Minister for Finance and Coordinating Minister of the Economy, Mr Wale Edun, has said that Federal Government’s revenue for the first quarter of 2024 has increased to N9.1 trillion. According to Edun, this is more than double in the same period in 2023. Edun said this at the...
By MBAFAN ADE, Abuja- Nigeria’s Finance Minister, Wale Edun, has dismissed reports of a Value-Added Tax (VAT) rate increase from 7.5% to 10%. In a statement on Monday,Edun affirmed that the VAT rate remains 7.5% as stipulated in tax laws and applicable to various goods and services. “The current...
The Chief of Defence Staff (CDS), Gen. Christopher Musa, has reiterated the readiness of the Armed Forces of Nigeria to continue to defend the nation’s democracy. Musa gave the assurance on Tuesday when the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, paid a courtesy...
The Federal Government has said it would support states affected by flood with N3 billion to mitigate the effect of the menace. Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, disclosed this while interacting with journalists at the Government House, Birnin Kebbi on Sunday. The...
The Federal Government says it will begin crude oil sales in Naira to Dangote Refinery and others in October. This is according to a statement by the Director Press and Public Relations, Federal Ministry of Finance and Economic Planning, Mr Mohammed Manga in Abuja on Monday. Manga said that...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says Nigeria’s foreign reserves grew by four billion dollars since January. Edun said this on Thursday in Lagos, at an investor meeting for the issuance of 500 million dollars FGN bond. He said that the aggregate Federal...
The Federal Government, through the Debt Management Office, on Wednesday announced plans to issue N500 million dollars local bond to boost dollar liquidity. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said this on Thursday in Lagos at an investor meeting for the...