Nigeria’s Federal Government says it will rely less on borrowing and focus more on mobilizing domestic resources to strengthen the economy. Minister of Finance, Wale Edun disclosed this during an interview with Bloomberg Television at the World Economic Forum in Davos, Switzerland, stressing that revenue generation is now the government’s top priority. Edun explained that […]
Wale Edun, minister of finance and coordinating minister of the economy, says Nigeria must increasingly depend on domestic resource mobilisation as concessional and multilateral financing continue to decline globally. Multilateral financing refers to funding provided by multiple countries through international institutions such as the World Bank, International Monetary Fund (IMF), and United Nations agencies […]
By Salmanu Darazo and Isah Aliyu Chiroma The Central Bank of Nigeria (CBN) has released its macroeconomic outlook for 2025, displaying a nuanced picture of the nation’s economic trajectory amidst a shifting global landscape. The report reveals that global economic growth decelerated slightly to 3.20% in 2025 from 3.30% in 2024, a slowdown fuelled by […]
The federal government says the recent joint security operation carried out by Nigerian and United States forces in Sokoto state does not signal instability but rather reflects Nigeria’s resolve to confront terrorism and protect economic activity. In a statement issued on Sunday, Wale Edun, minister of finance and coordinating minister of the economy, said the […]
The Federal Government is set to miss its 2025 revenue target by a staggering N30 trillion, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed. Speaking on Tuesday during an interactive session with the House of Representatives Committees on Finance and National Planning, Edun disclosed that while the government projected […]
Wale Edun, minister of finance, has said the federal government is likely to miss its 2025 revenue target by about N30 trillion. Edun spoke on Tuesday in Abuja when he appeared before the House of Representatives committees on finance and national planning during an interactive session on the 2026–2028 Medium-Term Expenditure Framework (MTEF) and Fiscal […]
The Federal Government has moved closer to delivering a fully digital, integrated and cost-saving trade system as it commenced User Acceptance Testing of the National Single Window with sector stakeholders ahead of the platform’s scheduled take-off in March 2026. The testing, led by technology provider CrimsonLogic, exposed each participating agency to system navigation, onboarding steps […]
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), will lead Nigeria’s delegation to the World Bank and International Monetary Fund (IMF) annual meetings in Washington, DC, United States. This follows the illness of Wale Edun, the minister of finance and coordinating minister of the economy. In a statement issued on Sunday, Bayo Onanuga, […]
Wale Edun, minister of finance and coordinating minister of the economy, says the newly rebased GDP figures reflect Nigeria’s economic resilience and renewed momentum under the Tinubu administration. The National Bureau of Statistics (NBS) released the updated figures on June 21—the first GDP rebasing since 2014. The data showed Nigeria’s economy grew by 3.13% in […]
The Federal Government of Nigeria has commenced a forensic audit of the Nigerian National Petroleum Company (NNPC) Limited, as part of sweeping economic reforms aimed at rebuilding investor confidence and ensuring transparency in the oil and gas sector. Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, disclosed this on Tuesday while […]
By Haruna Salami There was a mild drama at the National Assembly Thursday as the Minister of Finance and Coordinating Minister for the Economy, Wale Edun opted for executive session as a result of searching questions on fuel subsidy accrual and 2024 budget performance. Edun who led the Federal Government Economic Team before the Senate […]