Tag: Wale Edun

Business

Edun inaugurates new AMCON board to boost financial sector stability

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has officially inaugurated the new Board of Directors of the Asset Management Corporation of Nigeria, marking a fresh phase in the Corporation’s efforts to stabilize the financial sector, enhance asset recovery, and manage an orderly institutional wind-down. The newly appointed board, chaired by […]

Business

Capital market key to Nigeria’s $1tn economy target — Edun 

The Federal Government has reaffirmed the vital role of Nigeria’s capital market in achieving its goal of a $1 trillion economy by 2030. Speaking on Monday, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, called on capital market stakeholders to boost investor confidence, enhance financial literacy, and prepare for the upcoming […]

Business

Nigeria shifts focus from concessional funding to revenue mobilisation — Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that the country is shifting focus from concessional funding to increasing revenue through tax reforms and asset optimization. Edun made this disclosure during a press conference on Nigeria’s participation in the 2025 IMF and World Bank spring meetings held in Washington, […]

News

Economic reforms fuel growth, boost investment opportunities – Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has affirmed that Nigeria’s economy is on an upward trajectory with promising investment opportunities. He made this statement on Thursday in Abuja while receiving a high-level delegation from First Abu Dhabi Bank, led by Group Head of Investment Banking, Martin Tricaud, to discuss […]

News

Tinubu restored stability to Nigeria’s economy – Edun

Minister of Finance, Mr. Wale Edun, has praised President Bola Tinubu for implementing crucial reforms that have helped stabilize Nigeria’s economy and recover 5% of the nation’s GDP, which was previously lost due to inefficiencies in the federal government and fiscal authorities. In an interview with Bloomberg at the World Economic Forum in Davos this […]

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Nigeria needs $20bn annually for 7% growth by 2027 – Edun

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Fri revealed that Nigeria requires an annual investment of $20 billion to achieve a 7% economic growth rate by 2027. Edun made this disclosure while speaking on ARISE News Channel on Friday. He also noted that the recently passed Medium Term […]

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Nigeria will borrow to fund N13trn 2025 budget deficit — Minister

The federal government has announced that the N13 trillion deficit in the N48 trillion 2025 budget proposal will be financed through borrowing. The Minister of Finance and Coordinating Minister for the Economy, Wale Edun made this disclosure shared on Monday after the Federal Executive Council meeting, which was presided over by President Bola Tinubu at […]

News

Edun urges Lagos to lead Nigeria’s economic expansion

Minister of Finance Wale Edun, has urged Lagos State to lead efforts in expanding Nigeria’s economic base during the Eko Revenue Plus Summit. Speaking on Tuesday at the two-day Eko Revenue Plus Summit, themed: ‘Unlocking New Revenue  Streams for Lagos State’, Edun, represented by the Chief Executive Officer of Nigeria’s Ministry of Finance Incorporated, Dr […]

News

Nigeria’s macroeconomic environment now attractive to investors — Minister

The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has said that the country’s macroeconomic environment is now stable and conducive to investment. Speaking at the 2024 National Council on Finance and Economic Development conference in Bauchi on Monday, Edun stated that recent economic reforms have created a foundation for local investments […]

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Naira-for-crude initiative kicked off October 1 — Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that the sale of crude oil and refined petroleum products in naira officially commenced on October 1, 2024. Edun shared this update in a statement on his official X handle on Saturday. This initiative follows a meeting of the Implementation Committee, […]

Dangote Refinery loses N32.5bn after petrol price cut
News

Dangote: Minister foresees drop in fuel cost

The Minister of Finance and Coordinating Minister of the Economy,  Wale Edun has announced that the federal government is allowing stakeholders time to address and potentially reduce petrol prices now that the Nigerian National Petroleum Corporation Limited has begun lifting refined petrol from the Dangote Petroleum Refinery. Edun disclosed this in an interview with Channels Television on […]

News

Nigeria’s economy flourishing under President Tinubu’s leadership – Finance minister 

The Minister of Finance, Wale Edun, has assured Nigerians that the economy is flourishing under President Bola Tinubu’s leadership, highlighting that the country achieved a remarkable $55 billion in non-oil exports last year. Edun revealed this in his address to press men at the State House, Abuja on Tuesday on the outcome of President Tinubu’s […]

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