The Federal Executive Council (FEC) on Monday approved N34,820,000,000,000 budget proposals for 2025 with President Bola Tinubu ordering some amendments after its presentation to the Council by the Budget Office. Briefing State House correspondents after the FEC meeting at the… How we will finance 2025 budget deficit – Wale Edun …C0NTINUE READING >>>>
Tinubu created conducive environment for investment – Wale Edun …C0NTINUE READING HERE >>> The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has praised President Bola Tinubu’s policies for fostering a favorable investment climate in Nigeria. Edun made this remark on Monday while hosting a delegation comprising the National Agricultural Development Fund … Read more
Wale Edun’s $20b paradox – By Pius Mordi …C0NTINUE READING HERE >>> When Wale Edun, President Bola Tinubu’s Finance Minister, announced that $20 billion has been saved since the scrapping of the fuel subsidy regime, he may have expected Nigerias would be elated and applaud the administration. Rather, there is consternation on the propriety of … Read more
Nigeria needs to borrow more despite improved revenue by some …C0NTINUE READING HERE >>> The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the Nigerian government needs more borrowings to fund its budget even though some Ministries, Departments and Agencies have surpassed their revenue target. Edun said this during an … Read more
Nigeria saves $20 Billion from subsidy removal …C0NTINUE READING HERE >>> Wale Edun, Nigeria’s finance minister, revealed that the country had saved $20 billion by eliminating gasoline subsidies and implementing market-based foreign exchange pricing. He said this during a recent ceremony in Abuja commemorating the first 100 days of Esther Walso-Jack’s tenure as the federation’s … Read more
Finance Minister backs Tinubu’s subsidy removal …C0NTINUE READING HERE >>> The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has backed the removal of fuel subsidy by President Bola Ahmed Tinubu, stating that it has saved the country from bleeding. He stated this while speaking at the opening ceremony of the National … Read more
FG to begin payment of pension backlog – Edun …C0NTINUE READING HERE >>> The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the Federal Government will soon begin payment of pension backlog. Edun said this during a peaceful rally by the Nigeria Union of Pensioners Contributory Pension Scheme Sector (NUPCPS) … Read more
FG, States, LGs share N1.298 trillion for September …C0NTINUE READING HERE >>> The Federal, State, and Local Governments have shared N1.298 trillion from the Federation Account Allocation Committee (FAAC) for September 2024. The distribution took place during the FAAC October 2024 meeting, chaired by the Minister of Finance and Coordinating Minister of the … Read more
Hardship: Don’t Reverse Current Reforms …C0NTINUE READING HERE >>> The World Bank has advised the Federal Government of Nigeria against reversing its ongoing economic reforms, cautioning that such actions could have severe negative implications for the country. This warning comes in the wake of significant public discontent regarding the government’s economic policies, particularly the removal … Read more
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Federal Government Removes 63 Items From VAT [Full Lists] …C0NTINUE READING HERE >>> The Federal Government has exempted 63 items from VAT. Newsone Nigeria reports that the Federal Government led by President Bola Tinubu has exempted 63 items from value-added tax (VAT). The 63 items exempted from VAT, according to a post on X by Taiwo Oyedele, … Read more