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Nigeria on course to reaching $1trn economic target — Finance ministry

The Federal Ministry of Finance disclosed on Tuesday that Nigeria’s economy remains resilient and continues to record accelerating growth, with real Gross Domestic Product for the second quarter of 2026 expanding by 4.43 per cent year-on-year, an improvement from 4.23 per cent recorded in Q2 2025 and 3.89 per cent in Q1 2026. According to […]

Finance

Capital projects not abandoned despite low funds – Finance ministry

The Federal Ministry of Finance has clarified that capital projects across Nigeria remain active despite concerns over low cash releases to ministries, departments, and agencies. While budget execution rates for some MDAs may appear low, capital project implementation has not been abandoned, the ministry said. The clarification, detailed in a document titled “Deepening Public Understanding […]

News

Finance ministry debunks N13bn corruption allegation in CNG contract

The Federal Ministry of Finance has publicly denied allegations of awarding N13 billion in contracts without following due process. In a statement signed by Director of Information and Public Relations, Mohammed Manga, the ministry emphasized its compliance with procurement regulations and clarified that all contracts, including those under the Presidential Initiative on Compressed Natural Gas, […]