Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has reaffirmed the Federal Government’s commitment to empowering local government institutions as a cornerstone of inclusive economic growth. Mr Edun who made the disclosure while speaking at a
The Federal Government of Nigeria has reaffirmed its commitment to fostering a deeper, more strategic economic partnership with the Arab Republic of Egypt. This commitment was underscored by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale
Nigeria loses approximately $18 billion annually to illicit financial flows (IFFs) due to profit shifting and aggressive tax avoidance practices by some Multinational Corporations transacting business in Nigeria. This is according to the Minister of State for finance Doris Uzoka-Anite
The Federal Government, States and the Local Government Councils shared a total sum of N1.818 trillion, being June 2025 Federation Account Revenue. The revenue was shared at the July 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja. The N1.818
The Federal Inland Revenue Service (FIRS) say it remains commitment to building stronger ties with the media to foster improved public awareness and accountability around tax administration and reforms in Nigeria. This position was made known during a media
Following a successful first phase that supported over 150,000 beneficiaries, including under-five children, pregnant and breastfeeding women and girls, out-of-school children, and food-insecure households in Northeast Nigeria, the launch of a second phase of the resilience and peacebuilding project in
The World Bank’s annual Country Policy and Institutional Assessment (CPIA) report for Sub-Saharan Africa, released today, reveals that despite a stable average CPIA score for the region, there is an urgent need for governments in Africa to improve the delivery
Deutsche Bank has led a $747 million syndicated loan to finance Phase 1 Section 1 (from Victoria Island to Eleko Village 47+47km) of the Lagos-Calabar Coastal Highway, a flagship project under Nigeria’s Renewed Hope Infrastructure Development Agenda. This marks the
The Federal Government of Nigeria says it has taken a significant step in advancing its economic diplomacy efforts in Brazil, with the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun participated in the Ogun State Investment Forum
President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to transparency and accountability in public finance management, declaring that funds saved from the removal of fuel subsidy will be channeled into critical infrastructure, social safety nets, and targeted economic reforms.
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