Tinubu Shakes Up Cabinet, Replaces Edun and Dangiwa
By Oluwakemi Kindness President Bola Tinubu has approved a significant cabinet reshuffle, removing the Minister of Finance, Wale Edun, and the Minister of Housing and Urban Development, Ahmed Musa Dangiwa, in a move aimed at strengthening economic coordination and governance delivery. According to a statement from the Office of the Secretary to the Government of […]
Nigeria Rejects IMF Bailout, Backs Homegrown Reforms – Edun
By Oluwakemi Kindness Nigeria has ruled out seeking financial support from the International Monetary Fund IMF, expressing growing confidence in its homegrown economic reforms. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this known while addressing African finance ministers on the sidelines of the IMF/World Bank Meetings in Washington. A […]
Edun Urges More Funding for Developing Economies Facing Global Squeeze
By Oluwakemi Kindness The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called for expanded access to affordable financing for developing countries, stressing that global support must match the scale of current economic challenges. Edun made the call at the Intergovernmental Group of Twenty-Four (G24) news conference, held on the sidelines […]
House Queries ₦14.3bn Finance Ministry 2026 Budget Over Capital Spending
By Oluwakemi Kindness The House of Representatives has queried the ₦14.325 billion proposed 2026 budget of the Federal Ministry of Finance over alleged discrepancies in its capital expenditure component. Lawmakers raised the concerns during a budget defence session at the National Assembly with the committee on Finance, questioning the structure of the capital vote and […]
Lawmakers Query ₦470m Foreign Travel Spending Despite Presidential Ban
By Oluwakemi Kindness Lawmakers in the House of Representatives have queried the Nigerian Bulk Electricity Trading (NBET) Plc over ₦470 million spe9nt on foreign travel and training in 2025, despite a presidential directive restricting overseas trips by government officials. The issue was raised on Thursday during the 2025 budget performance review of NBET by the […]
Social Protection: 15 Million Households to Benefit from FG’s Economic Reforms
By Oluwakemi Kindness Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reassured Nigerians that 15 million households will benefit directly from the Federal Government’s economic reforms aimed at easing hardship and promoting inclusive growth. Speaking at the Oxford Global Think Tank Leadership Conference in Abuja, Edun said the government had established […]
FG Reaffirms Crude-for-Naira Policy, Assures Steady Fuel Supply
By Oluwakemi Kindness The Federal Government has restated its commitment to the crude-for-naira initiative, assuring Nigerians that there will be no disruption in the supply of refined petroleum products across the country. This is according to a statement issued on Sunday by the Director of Information and Public Relations at the Federal Ministry of Finance, […]
Nigeria Strengthens Whistleblower Protection Policy
By Oluwakemi Kindness The Federal Government has kicked off a two-day nationwide sensitization programme on the implementation of Nigeria’s Whistleblowing Policy. This is with a renewed commitment to protect whistleblowers and strengthen the fight against corruption. The event, by the Presidential Initiative on Continuous Audit (PICA), in Lagos, brought together government officials, anti-corruption agencies, private […]
No Immediate Plan to Implement 5% Petroleum Tax- Wale Edun
By Aremu Toyeebaht Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured Nigerians that there are no immediate plans to implement the proposed five per cent tax on petroleum products. Speaking in Abuja on Tuesday, Edun explained that while the levy is part of a new tax administration framework scheduled […]
Edun Reaffirms Nigeria’s 7% GDP Growth Target
By Oluwakemi Kindness The Federal Government has restated its ambition of growing Nigeria’s economy by as much as Seven percent in the medium term. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, gave the assurance in Abuja, at the weekend, during a meeting with the World Bank Executive Director for the Angola–Nigeria–South […]