wale edun

  1. Presidency Denies Wale Edun Suffered a Stroke, Confirms Recuperation in Abuja

    Nigeria Presidency Denies Wale Edun Suffered a Stroke, Confirms Recuperation in Abuja

    The Digest: The Presidency has officially dismissed circulating reports that Finance Minister Wale Edun suffered a stroke and was flown abroad for treatment. According to official statements, the minister is "indisposed" and recuperating at his private residence in Abuja under the care of...
  2. Lawyer Festus Ogun to Petition FG for Full List of 71 Million Cash Transfer Beneficiaries

    Nigeria Lawyer Festus Ogun to Petition FG for Full List of 71 Million Cash Transfer Beneficiaries

    The Digest: Human rights lawyer Festus Ogun is set to petition the Federal Government, demanding full disclosure of the 71 million Nigerians allegedly paid ₦25,000 under its cash transfer scheme. The move follows Finance Minister Wale Edun’s claim that ₦330 billion was disbursed to 8.1 million...
  3. FG Disburses N330bn to 8.5m Households Amid Hardship Relief Efforts

    Nigeria FG Disburses N330bn to 8.5m Households Amid Hardship Relief Efforts

    The Digest: The Federal Government has disbursed N330 billion to 8.5 million poor and vulnerable households as part of its renewed social protection programme. Finance Minister Wale Edun announced the payments, emphasizing efforts to mitigate economic hardship through direct cash transfers...
  4. No Immediate Plan to Enforce 5% Petroleum Tax - FG

    Nigeria No Immediate Plan to Enforce 5% Petroleum Tax - FG

    The Digest: The Federal Government has suspended plans to implement a controversial 5% Petroleum Products Tax, following intense public backlash and threats of industrial action from organised labour. Finance Minister Wale Edun confirmed the decision, emphasizing that there is no immediate...
    • Nigeria News
    • Article
    • 1 min read
    • 5% fuel tax fossil fuel tax wale edun
    • Category: Business
  5. FG Says State Revenues Doubled After Fuel Subsidy Removal

    Nigeria FG Says State Revenues Doubled After Fuel Subsidy Removal

    The Digest: The Federal Government has announced that the removal of the petrol subsidy has more than doubled the revenue for state governments. Coordinating Minister of Finance, Wale Edun, said the tough decision was necessary to restore economic confidence and redirect funds to critical...
  6. Nigeria to Clear N4trn Power Debt, Eyes $125m Loan for Roads

    Nigeria Nigeria to Clear N4trn Power Debt, Eyes $125m Loan for Roads

    The Digest: The Federal Government is moving to clear a N4 trillion debt owed to power generation companies (GenCos) as Minister of Finance, Wale Edun, submits a proposal to the FEC. Key Points: Wale Edun presented a proposal to refinance N4 trillion GenCos' debt. GenCos have warned that...
  7. AMCON’s Final Chapter: FG Instructs Asset Recovery, Time-Bound Closure

    Nigeria AMCON’s Final Chapter: FG Instructs Asset Recovery, Time-Bound Closure

    The Federal Government has officially directed the Asset Management Corporation of Nigeria (AMCON) to begin a credible and time-bound shutdown process, marking a major shift in Nigeria’s financial cleanup efforts. Finance Minister Wale Edun inaugurated AMCON’s new board this week in Abuja. The...
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