Tag: Wale Edun

Wale Edun supports 50% telecoms tariff hike

Aminu Imam
Wale Edun on tariff hike

…Says inflation has increased Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has backed the 50% hike in telecom tariff, saying inflation should be reflected in the companies’ business operations. However, there have been tons of reactions from stakeholders since the increase was announced on Monday. While the telecoms firms say the increase ought to be higher than 50 per cent, labour unions and the National Association of Telecommunications Subscribers (NATCOMS) believe the deal favours the companies and puts the masses at a disadvantage. Edun stated on…

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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…

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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…

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Tinubu reportedly set to replace Edun as Finance Minister on health grounds

Aminu Imam
Tinubu 2replace Edun

…Minister to be flown abroad for treatment President Bola Ahmed Tinubu is reportedly contemplating replacing his Minister of Finance and Coordinating Minister for the Economy, Wale Edun, following his alleged deteriorating health condition, according to reports. Edun has been a key figure in the administration’s economic management team since August 2023. It was gathered from reliable sources in the presidency that Edun, who has been battling undisclosed health challenges for several weeks, is expected to be flown abroad for advanced medical treatment. His temporary exit, according to government insiders, has…

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FG’s half-yr tax revenues jump 43% to ₦14.27tr

Aminu Imam
FG on revenues

…Rebased GDP, Q1 growth estimate signs of nation’s economic resilience’ – Edun The Federal Government has revealed that it collected a total of ₦14.27 trillion in tax revenues between January and June this year, in a massive 43 percent increase from ₦9.98 trillion realised in the first half of 2024. The revenue collection performance also substantially exceeded the baseline growth target of 16.4 percent. According to a report by the presidency yesterday, non-oil tax collection grew by 44.2 percent to ₦10.64 trillion in June, compared to ₦7.37 trillion in the…

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H’Reps summon Edun, Cardoso over audit infractions, Fiscal Act breach

Aminu Imam
H'Reps summon Edun, Cardoso

The Joint House of Representatives Committee on Public Account and Public Assets have invited the Minister of Finance, Wale Edun and the Central Bank of Nigeria Governor, Olayemi Cardoso to appear before it on Monday June 16, 2025, over allegations of non-compliance with the provisions of Fiscal Responsibility Act 2007. They top government officials are also expected to answer questions on the internal control weaknesses identified in the 2021 reports by the Office of the Auditor-General for the Federation. In a letter signed jointly by the Chairmen, House Committee on…

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“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…

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FG confirms plan to raise VAT rate

Aminu Imam
FG on VAT

The Federal Government has confirmed plans to raise the Value-Added Tax, (VAT) rate. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this while speaking at an investor meeting during the ongoing IMF/World Bank Annual meetings in Washington DC, USA. According to the minister, the proposed VAT increase, currently under consideration by the National Assembly, will be applied gradually and will primarily affect luxury items. He said essential items consumed by poorer and vulnerable Nigerians would remain exempt from VAT or attract a zero rate. Edun added…

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FG refutes reports of VAT increase to 10%

Aminu Imam
FG on VAT

The Federal Government has debunked claims that it plans to increase the Value Added Tax (VAT) rate from 7.5% to 10%. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who disclosed this in a statement posted by the Special Adviser on Information and Strategy, Bayo Onanuga, explained that the tax system is built on three pillars: tax policy, tax laws, and tax administration. He emphasised that these elements must function cohesively to establish a robust system that strengthens the governments fiscal position. The Minister noted that…

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‘FG to relaunch school feeding programme’ Wale Edun

Aminu Imam
Edun on school feeding

Minister of Finance and Coordinating Minister of the economy, Wale Edun, has said the federal government will relaunch the suspended school feeding programme. The Minister noted that the Government would ensure adequate resources are available to support and sustain educational programmes across the country. Edun spoke on Thursday, when the House of Representatives’ Committee on Alternative Education visited him, according to a statement by the Director of Information and Public Relations at the Ministry of Finance, Mohammed Manga. He said the meeting was held to address the pressing issue of…

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