Tag: Finance Minister

Cabinet Reshuffle: Tinubu sacks Edun, Ɗangiwa; elevates Oyedele to Finance Minister

Aminu Imam
Tinubu sacks Edun, Dangiwa

…Nominates Darma President Bola Ahmed Tinubu has approved a minor cabinet reshuffle in the membership of the Federal Executive Council, (FEC). According to a memo signed by the Secretary to the Government of the Federation, Senator George Akume, two cabinet members, Wale Edun and Arch. Ahmed Musa Ɗangiwa are to leave the cabinet while their replacements have been named. Edun, until the latest development, was the Minister of Finance and Coordinating Minister for the Economy. He has been directed to hand over to Taiwo Oyedele, who is now to take…

Read More

Finance Minister, Edun back in Nigeria; attends Govt. event in FCT

Aminu Imam
Minister Edun back

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has returned to Nigeria after days of speculation surrounding his health and whereabouts. In a video which circulated on social media yesterday, Edun was sighted yesterday in Abuja while attending an official business event organised by a government corporation. The engagement, which hosted a foreign investment delegation, formed part of on-going efforts to attract international partnerships and strengthen Nigeria’s economic outlook. The Minister, who was earlier reported by the presidency as “indisposed,” was later said to have travelled to…

Read More

Finance Minister  Wale Edun flown to UK for medical treatment

Aminu Imam
Edun flown to UK

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reportedly travelled to the United Kingdom (UK) for medical treatment. This development comes after the Presidency earlier announced that Edun was receiving treatment at his home in Abuja and might seek further medical attention abroad if necessary. According to multiple sources who confirmed the development on Tuesday, the minister has now left the country. One of the sources said: “It’s true, he has left already”. Edun was said to have departed Abuja for Lagos on Monday night via…

Read More

“Nigeria’s economy on the rise” – Finance Minister  

Aminu Imam
Fin Minister on economy

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has affirmed that Nigeria’s economy is experiencing significant growth, presenting attractive opportunities for investors. Speaking in Abuja during a meeting with a high-level delegation from First Abu-Dhabi Bank, led by Group Head of Investment Banking, Martin Tricaud, Edun outlined the country’s economic transformation and ongoing reforms aimed at fostering investment and sustainable growth. He highlighted key policy measures implemented over the past 18 months, including market-driven pricing for foreign exchange, petroleum and increased trade under the African Continental Free…

Read More

FG secures $7bn foreign direct investment to boost oil sector Edun

Aminu Imam
Minister Edun

Minister of Finance, Wale Edun, has said that Nigeria secured a $7 billion Foreign Direct Investment, (FDI), in order to boost the countrys oil and gas sector. Edun disclosed this during an interview in a television programme at the weekend. In terms of figures, seven billion dollars is estimated to come in from the oil sector, with another major improvement in the economic environment, the national single-window project, which is an e-community and trade facilitation platform, which will revolutionise what goes on at the ports, he said. Meanwhile, in the…

Read More

Tinubus anniversary: FG restarts N75,000 cash payment to 75m Nigerians Edun

Aminu Imam
Wale Edun

…Recruits Mobile Network operators to fasten roll-out of the scheme Minister of Finance, Wale Edun, has disclosed that the Federal Government has restarted the provision of conditional N75,000  direct cash transfers to 75 million Nigerians towards tackling the impact of inflation. Edun disclosed this on Tuesday, during a ministerial sectoral briefing to mark the first year in office of the President Bola Tinubu administration in Abuja. He noted that the beneficiaries of the social investment scheme are 15 million households nationwide. Edun, who is the chairman of the Presidential Panel…

Read More

Despite Finance Ministers claims, data shows FG borrowed N3.8tr from CBN in 6 months

Aminu Imam
The Central Bank of Nigeria governor Olayemi Cardoso has confirmed the next monetary policy committee meeting will be held very soon on 25 and 26 March 2024 e1709054272891

In the last six months of 2023, the Federal Government received an additional N3.8 trillion in what appeared to be a fresh Ways and Means borrowing, according to a provisional data published in the latest statistics bulletin for the 4th quarter of the year recently released by the Central Bank of Nigeria, (CBN). This is despite claims by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, that the President Bola Tinubu?administration had not borrowed money from the CBN. The CBNs provisional data showed that the total…

Read More

Nigeria set to receive fresh $2.2bn World Bank loan Edun

Aminu Imam
9ja map green

The Federal Government is set to receive around $2.2 billion single-digit interest loan from the World Bank and another budget support facility from the African Development Bank, (AfDB). Minister of Finance, Wale Edun, disclosed this during a press briefing at the end of Nigerias activities at the World Bank/International Monetary Fund, (IMF) Spring meeting in Washington DC, the United States on Saturday. Speaking on the sources of international funding to the Nigerian economy, Edun listed diaspora remittances, foreign portfolio investments, and facilities from the World Bank and other international development…

Read More

“Tinubus govt. has not borrowed from CBN” Edun

Aminu Imam
Wale Edun

Minister of Finance and Coordinating Minister of the Economy, Wale Edun said President Bola Tinubus government has not borrowed money from the Central Bank of Nigeria, (CBN). Edun stated this while addressing newsmen after a meeting with investors at the ongoing Spring Meetings of the IMF and World Bank in Washington DC, United States. He said the Federal Government would pin down Ways and Means to deal with the problem of too much liquidity in the system. The Minister added that the fiscal and monetary authorities were complementing each other…

Read More

Kaduna: Gov. Sani parleys with Finance Minister on poverty eradication, rural economies revival

Aminu Imam

Minister of Finance, Wale Edun, has expressed the commitment of the Federal Government to partner with the Kaduna State Government to address its key developmental and security challenges in the State. The Minister dropped the hint when Kaduna State Governor, Uba Sani, visited his office in Abuja to discuss some pertinent economic issues for the good of the State and its people. Edun commiserated with the government and people of Kaduna State over the unfortunate Tudun-Biri military drone attack, and prayed for the repose of the souls of those who…

Read More