wale edun

  1. Why Tinubu’s Reforms Are Painful: Wale Edun Blames Past Governments

    Nigeria Why Tinubu’s Reforms Are Painful: Wale Edun Blames Past Governments

    Nigeria’s Finance Minister, Wale Edun, attributes current economic hardships under President Tinubu’s reforms to past administrations’ failure to implement necessary policies. Edun highlights gains from subsidy removal and currency reforms, despite rising inflation and public struggles, as a...
  2. Nigeria’s Finance Minister Credits Tinubu for Saving Economy by Ending Fuel Subsidy

    Nigeria Nigeria’s Finance Minister Credits Tinubu for Saving Economy by Ending Fuel Subsidy

    Wale Edun, Nigeria's Finance Minister, praised President Bola Tinubu’s decision to end the fuel subsidy, which saved the country five percent of its GDP annually. He highlighted that the move would benefit all levels of government, boost infrastructure, and attract private sector investments...
  3. Nigerian Government Offers Nine-Month Grace Period for Dollar Deposits

    Nigeria Nigerian Government Offers Nine-Month Grace Period for Dollar Deposits

    The Nigerian Federal Government has issued a nine-month ultimatum for individuals holding US dollars outside the banking system to deposit their cash without penalties. Finance Minister Wale Edun announced that this initiative, effective from October 31, aims to promote financial inclusion and...
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    Business FG Gives Nigerians Nine Months To Deposit Foreign Cash Into Banks Under New Policy - Information Nigeria

    https://www.informationng.com/2024/11/fg-gives-nigerians-nine-months-to-deposit-foreign-cash-into-banks-under-new-policy.html
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    Business FG, World Bank call for urgent acceleration of women empowerment efforts in Nigeria - The Sun

    https://thesun.ng/fg-world-bank-call-for-urgent-acceleration-of-women-empowerment-efforts-in-nigeria/
  6. Finance Minister: Recent Economic Reforms are Painful Yet Vital for Nigeria’s Growth

    Nigeria Finance Minister: Recent Economic Reforms are Painful Yet Vital for Nigeria’s Growth

    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...
  7. Wale Edun Unveils VAT Exemptions for Cooking Gas, Diesel, and CNG

    Nigeria Wale Edun Unveils VAT Exemptions for Cooking Gas, Diesel, and CNG

    The Nigerian government has removed VAT on cooking gas, diesel, and CNG to revitalize the oil and gas sector. Finance Minister Wale Edun announced these incentives to lower living costs, enhance energy security, and attract global investments, positioning Nigeria as a leader in the oil and gas...
  8. CBN to Stop Funding FG Debts as Wale Edun Announces Policy Shift

    Nigeria CBN to Stop Funding FG Debts as Wale Edun Announces Policy Shift

    Minister of Finance Wale Edun announced that Nigeria has stopped using the "ways and means" method to finance government debt through the Central Bank. Edun also highlighted efforts to boost agriculture, reduce taxes on businesses, and support manufacturers with fiscal measures aimed at...
  9. VAT Rate Remains at 7.5%, Finance Minister Assures Nigerians

    Nigeria VAT Rate Remains at 7.5%, Finance Minister Assures Nigerians

    Wale Edun, Nigeria's Minister of Finance, confirmed that the Value-Added Tax (VAT) rate remains at 7.5%, contrary to rumors of an increase to 10%. He emphasized the government's commitment to fostering economic growth and reducing poverty through supportive fiscal policies and tax regulations...
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    Business VAT rate not increased, remains 7.5% — Edun - Tribune News

    https://tribuneonlineng.com/vat-rate-not-increased-remains-7-5-edun/
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    Business Dollar-denominated bond the option as FG moves to boost Forex liquidity - Vanguard News

    https://www.vanguardngr.com/2024/08/dollar-denominated-bond-the-option-as-fg-moves-to-boost-forex-liquidity/
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    Business Edun meets NNPC, others on crude oil sale to local refineries in Naira - The Nation

    https://thenationonlineng.net/edun-meets-nnpc-others-on-crude-oil-sale-to-local-refineries-in-naira/
  13. Nigerian Finance Minister Reveals $600 Million Spent Monthly on Fuel Imports for Neighboring Countries

    Nigeria Nigerian Finance Minister Reveals $600 Million Spent Monthly on Fuel Imports for Neighboring Countries

    Nigeria’s Finance Minister Wale Edun reveals that the country’s $600 million monthly fuel imports also serve neighboring nations, not just Nigeria. This disclosure, following the subsidy removal on May 29, 2023, has sparked controversy and criticism, intensifying the #EndBadGovernance protests...
  14. Nigeria Spends $600M Monthly on Fuel Imports, Says Finance Minister Wale Edun

    Nigeria Nigeria Spends $600M Monthly on Fuel Imports, Says Finance Minister Wale Edun

    Nigeria spends $600 million monthly on fuel imports, Finance Minister Wale Edun reveals. This high cost, attributed to neighboring countries benefiting from Nigeria's fuel, led to the removal of the fuel subsidy. Edun emphasizes the lack of accurate domestic consumption data and the focus on...
  15. Nigeria’s Cash Transfer Scheme Resumes: 600,000 Households Receive Aid

    Nigeria Nigeria’s Cash Transfer Scheme Resumes: 600,000 Households Receive Aid

    The Federal Government's cash transfer scheme has resumed, benefiting over 600,000 households. Finance Minister Wale Edun announced this during a review briefing, highlighting ongoing economic reforms and efforts to address food prices and inflation. The government aims to enhance transparency...
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    Business Finance Minister tasks SEC Board on innovation, arbitrage - Vanguard News

    https://www.vanguardngr.com/2024/07/finance-minister-tasks-sec-board-on-innovation-arbitrage/
  17. Economic Concerns Grow as Nigeria's Debt-to-GDP Ratio Surpasses 50%

    Nigeria Economic Concerns Grow as Nigeria's Debt-to-GDP Ratio Surpasses 50%

    Nigeria's debt-to-GDP ratio has surpassed 50%, hitting N121 trillion in total debt. Moody’s predicts debt interest could consume 36% of government revenue, highlighting economic challenges amid rising borrowing and currency devaluation pressures. Nigeria’s debt-to-GDP ratio has exceeded 50% for...
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    Business Federal Govt Plans New Revenue Collection, Disbursement Platform For MDAs - Leadership News

    https://leadership.ng/federal-govt-plans-new-revenue-collection-disbursement-platform-for-mdas/
  19. Finance Minister Edun Did Not Propose N105,000 Minimum Wage, Presidency Clarifies

    Nigeria Finance Minister Edun Did Not Propose N105,000 Minimum Wage, Presidency Clarifies

    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...
  20. President Tinubu's 48-Hour Deadline Met: Edun Presents New Minimum Wage Proposal

    Nigeria President Tinubu's 48-Hour Deadline Met: Edun Presents New Minimum Wage Proposal

    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...
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