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...
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...
Fuel subsidy in Nigeria is set to skyrocket, with projected expenditure reaching N5.4 trillion in 2024, a significant increase from N3.6 trillion in 2023. Despite previous claims of its elimination, a draft report reveals ongoing subsidy expenditure, sparking debates and discussions on the...
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...
Fed Govt reinstates social investment program, offering direct payments to 75M Nigerians. Amidst rising food inflation, initiatives aim to ease suffering and stimulate the economy. Finance Minister announces reforms to tackle corruption and boost economic stability.
The Federal Government...
The Federal Government's decision to allocate N20 trillion from pension funds for infrastructure sparks controversy. Minister Wale Edun champions the move, citing available long-term funds and collaboration opportunities. Atiku Abubakar opposes, warning of pension regulations violations...
Minister of Finance, Wale Edun, expressed profound concern over the populace's diminishing trust in the nation's currency, the Naira. Edun's remarks, delivered at a recent event in Lagos, underscored a troubling trend where Nigerians are increasingly opting to save in more stable foreign...
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...
Wale Edun has thrown a spotlight on the Buhari administration, alleging that their "aimless" printing of trillions of naira from 2015 to 2023 directly led to Nigeria's current hyperinflation crisis. Edun, the former finance and coordinating minister of the economy, shared his concerns with the...
In a profoundly moving "Night of Tributes" dedicated to honoring the life and accomplishments of the late Chief Executive Officer of Access Corporation Plc, Herbert Wigwe, a distinguished assembly of corporate magnates, political figures, and business leaders converged to celebrate the enduring...
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The presidential panel on social investment programs, led by Wale Edun, Minister of Finance and Coordinating Minister of the Economy, has proposed the removal of intervention initiatives from the jurisdiction of the Ministry of Humanitarian Affairs.
According to reliable sources, the panel...
Finance Minister and Coordinating Minister of the Economy, Wale Edun, disclosed in a recent interview with Channels TV that approximately only 5% of Nigerians have more than N500,000 in their bank accounts. Edun emphasized that the ongoing federal government reforms aim to address economic...
In response to rising living costs and economic challenges, the Federal Government is launching a new plan to give N25,000 every month to 15 million households across the country. This initiative comes after recent policy changes led to increased petrol prices and a tough economic situation for...
In response to the escalating cost of living and the hardships faced by millions, the federal government is gearing up to restart direct cash transfers, targeting the poorest and most vulnerable Nigerians.
The revelation came from the Minister of Finance and Coordinating Minister for the...
At the Public Wealth Management Conference in Abuja, Finance Minister Wale Edun shed light on the economic challenges inherited by President Bola Tinubu's administration, particularly a surge in food and general commodity prices from the previous government.
Despite this, Edun emphasized the...
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