Finance Minister Wale Edun acknowledged the pain of recent economic reforms in Nigeria but emphasized their necessity for growth. Key changes include subsidy removal and foreign exchange market unification, resulting in doubled revenue. Initiatives such as the Nigeria Education Loan Fund aim to...
Amid negotiations for a new minimum wage, the Presidency refutes claims that Finance Minister Wale Edun proposed a N105,000 monthly wage. Speculations arose following a meeting with President Tinubu, but the Presidency swiftly dismissed them as false.
The Presidency has refuted widespread...
Minister of Finance Wale Edun submitted cost projections for a new national minimum wage following President Bola Tinubu's 48-hour ultimatum. The report includes potential wage levels and their budget impacts. This comes after a nationwide strike by Organized Labour demanding higher wages and...
Nigeria's Finance Minister Wale Edun explains why multinationals are leaving due to foreign exchange issues, high energy costs, and regulatory challenges. Government efforts, including new policies and an Economic Stabilization Package, aim to improve the investment climate and attract more...
Nigeria's Finance Minister assures food inflation will decrease with upcoming harvests, providing relief from soaring prices. The government focuses on boosting agricultural output through funding, seeds, and fertilizers to increase food availability.
Amidst soaring food prices that have...
During a joint press conference at the spring meetings of the International Monetary Fund (IMF) and the World Bank in Washington D.C., Finance Minister Wale Edun revealed that Nigeria has qualified for a $2.25 billion loan from the World Bank, described as "virtually a grant" due to its...
The Federal Government of Nigeria and the Organization of the Petroleum Exporting Countries (OPEC) find themselves in disagreement regarding Nigeria's crude oil production levels. While Wale Edun, Nigeria's Minister of Finance, asserts that the country's daily oil output has surged to 1.65...
Abuja, Nigeria - The Federal Government has announced plans to audit the N22.7 trillion Ways and Means loan approved during former President Muhammadu Buhari's administration. This move, disclosed by Finance Minister Wale Edun at the Public Wealth Management Conference in Abuja, aims to enhance...
The Central Bank of Nigeria's Governor, Dr. Olayemi Cardoso, addresses the House of Representatives, linking the depreciation of the naira against the dollar to the increasing number of Nigerians pursuing education and medical treatments overseas.
The governor outlines plans to tackle the high...
In a candid and interactive session before the House of Representatives, Wale Edun, Nigeria's Finance Minister and Coordinator for the Economy, delivered a robust statement asserting that the country's economy is now in a significantly improved state compared to its condition when President Bola...
In a pivotal appearance before the House of Representatives Committee on Finance, Finance Minister Wale Edun recommended the implementation of a centralized revenue collection system. Edun asserted that the Federal Inland Revenue Service (FIRS) should spearhead revenue collection not only for...
The federal government of Nigeria is on the brink of securing a substantial budget support facility amounting to $1.5 billion from the World Bank, announced Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. This significant development was disclosed during the...
The United Nations has appointed Nigeria’s Minister of Finance, Kemi Adeosun, into the Investments Committee of the United Nations Joint Staff Pension Fund (UNJSPF).
The Under-Secretary-General of United Nations, Jan Beagle, who confirmed Mrs. Adeosun’s appointment, disclosed that the minister...
Former finance minister, Ngozi Okonjo Iweala stated that Nigeria is currently facing economic hardship because there was no political willpower to save during the Goodluck Jonathan administration. According to the finance minister, during Obasanjo’s administration, the political willpower to...
30m Nigerians do not pay Tax – Adeosun.
Minister of Finance, Kemi Adeosun Speaking at the first annual lecture of the Lagos State Professorial Chair of Tax and Fiscal Matters at the University of Lagos, Minister of Finance Kemi Adeosun disclosed.....
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The Minister of Finance has set aside, every Thursday for tax enlightement across the country.
Last Thursday, the Minister, Kemi Adeosun, took out time to carry out the enlightenment programme in Lagos.
Mrs, Adosun's policies and programmes are making waves in Nigeria. The first is the...
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The Senate on Wednesday recommended the sack of Minister of Finance Kemi Adeosun and her counterpart in the Ministry of Budget and National Planning, Udo Udoma.
The senators made the recommendation at plenary on Wednesday when it commenced deliberation on the economic challenges of the country...
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Former Minister of Finance, Ngozi Okonjo featured on Al jazeera The Stream where she discussed her personal life and project.
Okonjo said the office of the Minister of Finance is one of the toughest job anyone can hold in any country.
"No one can like you as a finance minister, even your...
Angolan President Jose Eduardo dos Santos has sacked the country's Finance Minister, Armando Manuel over an economic slump caused by a sharp drop in oil prices that sapped dollar inflows, hammered the kwanza and prompted heavy government borrowing.
In a cabinet reshuffle on Monday, dos Santos...
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