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Tag: Wale Edun

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 […]

News

FG disburses N330bn in cash transfers to poor households

The Federal Government has disbursed N330 billion in cash transfers to poor and vulnerable Nigerians through the National Social Safety-Net Coordinating Office. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced that the programme is part of President Bola Tinubu’s strategy to cushion the impact of subsidy removal and exchange rate reforms […]

Finance

2024 budget 80% implemented, says Wale Edun

The Minister of Finance Wale Edun on Wednesday revealed that as of September 2025, about 80 per cent of the 2024 budget had been executed. This is also as the House of Representatives Committee on Appropriations held a closed-door session with the Minister of Finance, Wale Edun, and the Minister of Budget and National Planning, […]

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

Nigeria focused on building investor-friendly economy, says Edun

Finance minister and coordinating minister of the economy, Wale Edun, says the federal government’s foremost priority is fostering an enabling environment for global investors. According to a statement on Wednesday by the ministry’s director of information and public relations, Mohammed Manga, Edun led Nigeria’s economic team to a high-level business roundtable hosted by Citi at […]

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

Stable financial system key to $1tn economy goal – Edun 

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has emphasised the importance of a stable and reliable financial system—anchored by institutions such as the Nigerian Deposit Insurance Corporation—as critical to lifting millions out of poverty and steering Nigeria towards a $1 trillion economy. Speaking during the inauguration of the corporation’s […]

Business

Direct LG funding still hindered by structural issues – Edun

The Federal Government is working to fully implement the Supreme Court’s ruling on local government autonomy, but structural challenges continue to hinder direct fund transfers, according to Wale Edun, Minister of Finance and Coordinating Minister of the Economy. Speaking at the Agora Policy Conversation in Abuja on Tuesday, Edun affirmed the government’s commitment to the […]

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 […]

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