Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has submitted a comprehensive assessment detailing the anticipated financial ramifications of adopting a new national minimum wage to President Bola Ahmed Tinubu. The minister submitted the document on Thursday, June 6, two days after Tinubu issued the directive to present a proposed new minimum…
By Barbara Bako, Abuja The new Permanent Secretary Federal Ministry of Finance, Mrs. Lydia Shehu Jafiya on Tuesday took over at the headquarters of Federal Ministry of Finance,Abuja. The Honourable Minister of Finance and Co-Ordinating Minister of the Economy, Wale Edun, while welcoming the new Permanent Secretary of Finance said, “The ceremony is a family…
The federal government has approved a new organizational structure for the Federal Inland Revenue Service (FIRS). The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, will unveil the new structure during a two-day strategic management meeting of the FIRS in Abuja. In a statement issued by the special adviser on media to…
FG sets new date for Abuja-Kano highway completion By Barbara Bako, Abuja The Federal Government will complete Abuja – Kaduna – Zaria – Kano Dual Carriage Way by 2026 as plans are ongoing to release fund to the contractor, Julius Berger Nigeria Plc. This was disclosed in a statement signed on Saturday and copied to…
Barbara Bako, Abuja The Federal Government has established a Technical Working Committee to consider measures to enhance consumer credit in the country. A statement from the Federal Ministry of Industry Trade and Investment, FMITI, on Wednesday said the establishment of the Committee by the Presidential Council on Industrial Revitalization is a timely and strategic initiative…
Barbara Bako, Abuja The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has revealed that the Federal Government is making efforts to widen the impact of the National Vehicle Registration (VREG) through integration with each of the 36 states’ vehicle administration agencies to simplify compliance and regularisation. Edun stated that once…
Nigeria anticipates $10bn forex inflows in weeks — Minister Minister of finance and coordinating minister of the economy, Wale Edun, says Nigeria is expecting $10 billion in foreign currency inflows in the next few weeks to ease liquidity in the foreign exchange market. Edun said this during a panel session at the ongoing Nigeria Economic Summit (NES)…
Edun, Dangiwa to grace conference on public buildings insurance By Barbara Bako, Abuja As part of its efforts towards achieving optimal stakeholders participation in the 2023 National Insurance Conference, the Commissioner for Insurance, Olorundare Sunday Thomas, recently paid a courtesy visit on the Minister for Housing and Urban Development, Arc. Ahmed Musa Dangiwa to seek…
Tinubu to take $1.5bn, $80m loans from World Bank, AfDB The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the Federal Executive Council (FEC) at its meeting on Monday approved the application for financing from the World Bank’s International Development Association (IDA). Mr Edun disclosed this to State House Correspondents after…
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has unveiled plans by the Federal Government to addressing the twin economic problems of depreciating local currency and mounting inflation in the country. Edun said the government will mop up foreign exchange outside the system as part of efforts to address the current scarcity…
