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Tag: Wale Edun

Nigeria expecting $2.2bn loans from World Bank - Minister
Conferences featured

Low-income nations face debt distress, Edun warns

Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has warned that about 50 percent of low-income countries are in or approaching debt distress, requiring urgent actions. It was not clear where Nigeria stands on his assertion but based on World Bank classifications for 2024–2026, Nigeria is classified as a lower-middle-income country, […]

Business

Ministry of Finance unveils first-ever MOFI excellence awards

The Ministry of Finance Incorporated is set to launch the inaugural MOFI Excellence Awards in the second quarter of 2026. The awards aim to promote a culture of good corporate governance among Government-owned Enterprises. The awards panel, part of the country’s first initiative dedicated to recognising excellence in corporate governance and performance across Federal Government-owned […]

Business

Reforms, private sector vital for 7% GDP growth – Minister

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, stated that sustained economic reforms and increased private sector participation are key to Nigeria’s goal of achieving at least seven per cent GDP growth by 2027–2028. Speaking on Tuesday at the African Business Convention in Lagos, Edun emphasized that Nigeria remains on […]

Business

Finance minister foresees $37bn jump in Arab-African trade

Finance Minister, Wale Edun, forecasts that Arab–African trade could grow by over $37 billion in the next three years. He highlighted agribusiness and industrial partnerships as key drivers of this expansion during the Agribusiness Matchmaking Forum in Abuja. He called on stakeholders to shift their focus from exporting raw commodities to creating higher-value products. “Partners […]

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Edun assumes G-24 chair, vows resource dev’t focus

Minister of Finance and Coordinating Minister of Economy, Mr. Wale Edun, has formally assumed the Chairmanship of the Group of 24 (G-24), announcing that the group will focus on “Optimising Resource Development for Inclusive, Job-Rich Economic Transformation” under his leadership. In a statement issued on Thursday, Edun explained that the chosen theme reflects all critical […]

Only 5% have over N500,000 in their bank accounts — Wale Edun
Economy

Economy rebounding strongly to Tinubu’s reforms, says Edun

The Coordinating Minister of the Economy and Minister of Finance, Wale Edun, has announced that Nigeria’s economy is showing strong signs of recovery following a series of bold reforms introduced by President Bola Tinubu. Speaking with State House correspondents on Thursday after briefing the President on the current state of the economy, Edun confirmed that […]

Nigeria expecting $2.2bn loans from World Bank - Minister
Economy

Worst days are behind Nigeria, economy is stabilizing – Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured Nigerians that the country’s economy has turned the corner. He stated this in an opinion released on Sunday titled “Nigeria turning towards prosperity,” reassuring the citizens that the worst days were over. Edun asserted: “Despite some historical shortfalls and present-day challenges, […]

Nigeria expecting $2.2bn loans from World Bank - Minister
Conferences

ISAN conference: Wale Edun to speak on Nigeria’s $1trn economy

The Independent Shareholders Association of Nigeria has finalized arrangements for its eighth Triennial Delegates Conference scheduled for October 30, 2025. The conference will focus on the theme: “Nigeria, towards $1 trillion economy by 2030.” The Minister of Finance and Coordinating Minister of Economy, Mr. Wale Edun, is slated to chair the conference and serve as […]

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Wale Edun flies to London for medical treatment

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has traveled to the United Kingdom to seek medical attention, a development confirmed by multiple sources on Tuesday morning. The report, initially published by Western Post, was corroborated by a source who had previously informed The PUNCH that the minister might seek […]

News

No replacement plan, Edun is recovering in Abuja, says presidency

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, is currently recuperating at his Abuja residence after falling ill, and reports of any plan by President Bola Tinubu to replace him are false, according to multiple sources in the Presidency who confirmed the situation to The PUNCH on Sunday. A senior […]

Business

Finance ministry denies halting agencies’ cost-of-collection deductions

The Federal Ministry of Finance has dismissed reports claiming that the Federal Government has halted revenue-generating agencies from deducting their cost of collection at source. In a statement posted on X on Friday, the Ministry described the reports as “inaccurate and misleading,” stressing that the existing cost-of-collection framework remains unchanged. The clarification, signed by Mohammed […]

90% of Nigeria's tax revenue comes from nine sources – Wale Edun
Business

Nigeria must tap global climate finance opportunities — Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said on Monday that Nigeria must align with global trends in development financing by leveraging climate-related initiatives that attract international funding. He noted that the federal government is in active discussions with the World Bank, IMF, AfDB, and G20, and will present a […]

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