Tag: Edun

FG, US Strengthen Partnership to Boost Economy - Edun The Federal Government has reiterated its dedication to enhancing trade and investment ties with the United States as part of its broader strategy to drive economic growth and development. This commitment was made during a meeting between...

Edun Hails Rebasing, Q1 2025 GDP Growth as Catalyst for Sustained Economic Takeoff The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has welcomed the release of Nigeria’s rebased 2024 Gross Domestic Product (GDP) figures alongside a 3.13% year-on-year growth estimate...

Structural Hurdles Delay Direct Transfers to LGAs, Says Edun The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured that the Federal Government is working towards the full implementation of the Supreme Court ruling on local government autonomy, but structural issues...

Nigeria Risks Economic Crisis Without 2025 Budget Review - IMF The International Monetary Fund has warned that Nigeria’s 2025 fiscal outlook is at serious risk, urging the government to urgently revise its budget targets to avoid a worsening financial crisis. The IMF’s latest Article IV consultation...

FAAC: FG, States, LGs Share N1.659tn Revenue for May The Federation Account Allocation Committee (FAAC) has distributed a total of N1.659 trillion among the three tiers of government for May 2025. This was disclosed in a communiqué issued on Wednesday after the June meeting chaired by...

FG Advocates Adequate Data for Economic, Human Capital Development The minister of Finance and Coordinating minister of economy, Wale Edun has admitted Nigeria’s data inefficiencies, adding that government requires adequate data to plan for economic and human capital development. Edun stated this in Abuja on Tuesday...