The Federal Government has said Nigeria’s oil revenue grew from 11 per cent in the first half of 2023 to 30 per cent in the first half of 2024. This is contained in a statement by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale...
Minister of Finance
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Thursday, inaugurated Zonal Office of Investments and Securities’ Tribunal in Kano.e Speaking at the inauguration, the minister said the tribunal would help immensely in attending to cases related to investment fraud, among others. Edun, who was...
The Federal Government says improved security in the Niger-Delta is responsible for the increased crude oil production to 1.65 million barrels per day as against the 1.25 million bpd previously recorded. The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, stated this in Abuja...
The Federal Government says President Bola Tinubu “will be judged by his ability to grow the nation’s economy, create employment, and reduce poverty. The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun gave these parametres at a Podcast hosted by Bruit Costaud in collaboration...
The Attorney-General of the Federation (AGF), Mr Lateef Fagbemi and Minister of Finance, Mr Wale Edun have denied knowledge of contract entered by the Central Bank of Nigeria (CBN) and Systemspecs/Remita for revenue collection across MDAs. The duo said this during the resumed investigative hearing by the House...
The Minister of Finance, Mr Wale Edun, has said the Federal Government is targeting a 77 per cent increase in Internally Generated Revenue (IGR). Edun, who is also the Coordinating Minister of the Economy, said this on Wednesday in Abuja, at opening of the 2024 Strategic Management Retreat...
The Minister of Finance, Mr Wale Edun, has said that the Federation Account is witnessing improved revenue inflow since the removal of subsidy from average of N650 million monthly to over N1 trillion in the last four months. The minister stated this on Monday in Asaba at...
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has said that Nigeria cannot rely on borrowing to fund the 2024 budget. Edun stated this on Thursday when he appeared before the joint Senate Committee on the 2024-2026 Medium Term Expenditure Framework (MTEF) and...
The House of Representatives ad hoc committee investigating the failure of mass transit scheme in Nigeria has summoned the Minister of Finance, Mr Wale Edun over the failure of the scheme. Others summoned include; the minister of Trade and Investment, Accountant General for the Federation, Head of Service...
Managing Director of African Development Studies Centre, Amb. Victor Oluwafemi, has commended President Bola Tinubu’s appointment of Mr Wale Edun as Minister ofFinanca and Coordinating Minister of the Economy. The Africa Development Studies Centre is an Abuja-based training and research-based organisation that promotes sustainable development and growth in...
President Muhammadu Buhari recently sent a request to the National Assembly to approve 800 million dollars loan meant to cushion effect of the proposed removal of fuel subsidy. Minister of Finance, Budget, and National Planning, Zainab Ahmed, said that Nigeria secured the World Bank facility as a first tranche...
The House of Representatives Ad Hoc Committee has threatened to summon the Attorney General of the Federation (AGF), Abubakar Malami, and other top government officials over the alleged loss of $2.4 billion from illegal sale of 48 million barrels of crude oil. Malami and others, including the Minister of...
Dr Ngozi Okonjo-Iweala, Director-General, World Trade Organisation (WTO) on Friday urged increased investment in the education sector to ensure quality of education to school age children, particularly girls. Okonjo-Iweala said this in Abuja on Friday at a summit with the theme: “Girl Child Now: Nurturing Our women-Nigeria’s own wealth...
In the past few days the media has been awash with news about the huge debt burden that the incoming government in May 29, would inherit from the President Muhammadu Buhari administration. This is coming as President Muhammadu Buhari signed the 2023 budget of 21.83 trillion Naira into law...
President Muhammadu Buhari on Tuesday in Abuja signed the 2023 Budget of N21.83 trillion and the 2022 Supplementary Appropriation Bill into law. The News Agency of Nigeria (NAN) reports that the 2023 budget is the last to be prepared by the present administration as it winds up. While signing...
The tirade early this week by the Minister of state for Budget and National Planning Mr. Clement Agba, on the 36 Governors, where he blamed them for the rising poverty index in the country comes to the Nigeria Governors’ Forum as a surprise. The Minister got his message totally...
The Northwest women wing of the All Progressives Congress (APC), has promised huge votes and adequate support for the Tinubu/Shettima presidential ambition in the forthcoming 2023 general elections. The APC northwest women team made the promise while flagging off their campaign on Wednesday in Katsina State. Speaking during the...
The House of Representatives on Tuesday asked the Minister of Humanitarian Affairs and Disaster Management, Hajiya Sadiya Farouk to quit as minister if she was not ready for the job. This followed her incessant failure to appear before various Committees of the House to defend the ministry’s 2023 budget...
The House of Representatives Committee on Public Accounts has summoned the Minister of finance, Zainab Ahmed; the Director-General, Budget Office of the Federation, Ben Akabueze; and the acting Accountant General of Federation, Okolieaboh Sylva; to explain why the Office of the Auditor General for the Federation (AuGF) is undermined...
The Federal Ministry of Finance, Budget and National Planning said the ministry was not consulted on the new monetary policy announced by the CBN to redesign N200, N500 and N1000 naira notes with effect from Dec 15. Minister of Finance, Mrs Zainab Ahmed, said this in Abuja on Friday,...