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Tag: Wale Edun

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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 […]

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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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Direct disbursement of LG funds yet to begin – Wale Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that the Supreme Court’s proceedings granting financial autonomy to Local Governments is yet to be conveyed to the Attorney-General of the Federation to examine and put into effect. This disclosure was made by Edun while addressing pressmen in Abuja on Thursday, […]

News

FG to raise $500m in domestic foreign currency bonds

The federal government has said it intends to issue $500 million in bonds denominated in foreign currencies in three to four weeks’ time. This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun during a quarterly press briefing themed ‘Economic Recovery and Growth: Progress and Prospects 2024,’ in Abuja, […]

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Nigeria to install $2bn fibre-optic infrastructure – Wale Edun

The Federal Government has proclaimed its intention to make Nigeria the third-largest terrestrial fiber-optic infrastructure nation in Africa, with a proposed installation reaching 90,000 kilometers. This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, during the Fibre Forward Strategic Development Workshop on Wednesday, according to The Punch. The […]