The Federal government yesterday approved a N250 billion real estate investment fund aimed at providing affordable, long-term mortgages to Nigerians. The approval, the government explained, was part of the efforts to tackle Nigeria’s severe housing deficit and stimulate long-term economic growth. This was disclosed by the Minister of Finance, Wale Edun, while briefing State House correspondents at the end of …

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has said that Nigeria’s $500 million domestic bond was oversubscribed despite warnings from the International Monetary Fund (IMF) not to issue the bond. On 15 August, the Federal Government launched a $500 million domestic bond, which commenced subscription five days later at $1,000 per unit to interested investors. …

In a groundbreaking move, Nigeria has commenced the sale of crude oil and refined petroleum products in Naira In a statement on Saturday, the Director of Information and Public Relations in the Federal Ministry of Finance, Mr. Mohammed Manga said that the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun announced that, in line with the …

The Federal Government has disbursed N24.78 billion under the National Cash Transfer programme to 991,261 poor households as part of efforts to alleviate poverty in Nigeria. The cash transfer initiative, spearheaded by the National Social Investment Programme Agency (NSIPA) had beneficiaries across all 36 states and the Federal Capital Territory, according to a statement from NSIPA on Thursday. NSIPA National …

The Federal Government has said that Nigeria’s financial sector grew by over 30 per cent in the first half of 2024. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, represented by the Managing Director of Ministry of Finance Incorporated, Dr Armstrong Takang, at the 17th Annual Banking and Finance Conference in Abuja on Tuesday, noted that …

The current reform of President Bola Tinubu’s administration is reshaping the nation’s economy, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has said. He spoke at the Nigerian Economic Summit Group (NESG) National Economic Dialogue, in Abuja, yesterday. He challenged members of the Organised Private Sector (OPS) to join the government in its efforts towards …

The Minister of Finance and the coordinating of the Economy, Wale Edun, has initiated a high-level stakeholder meeting to implement President Bola Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude oil to local refineries in Naira. The meeting involving the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, Group Chief Executive Officer of …

The Minister of Finance and Co-ordinating Minister of the Economy, Wale Edun, says 41 African countries are set for stronger economic growth in 2024. Edun, who doubles as the Chairperson of the African Caucus, said this on Friday at the 2024 African Caucus Meeting in Abuja. The News Agency of Nigeria (NAN) reports that the African Caucus was established in …

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has submitted the projected cost implications of implementing a new national minimum wage to President Bola Tinubu. After meeting with the President, along with the Minister of Budget and National Planning, Senator Atiku Bagudu, at the Presidential Villa in Abuja, on Thursday, Edun verified the submission and …

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has declared that Nigeria’s economy is experiencing appreciable growth that may see the high inflation in the country come down in a few months. Edun spoke on Sunday when he was featured as a guest on Channels Television’s Politics Today. The National Bureau of Statistics (NBS) had reported …