FG Assures Intervention Funds for Agricultural Sector to Curb Food Inflation The Minister of Finance, Mr. Wale Edun, has assured Nigerians that there would be substantial intervention for the agricultural sector that would enhance increased production of rice, maize, wheat and cassava to stem the...

FG Eyes World Bank's $1.5bn Loan to Stabilise Naira - Edun The federal government has said it is in discussion with the World Bank for a $1.5 billion loan to support the budget and also provide liquidity in the forex market. The Minister of Finance and...

External Reserves Fall $77m in December The external reserves of Africa’s largest economy recorded a drop to the tune of about $77.23m or 0.23 per cent in December 2023 due to the lingering foreign exchange instability in the country. As of December 28, 2023, according to...

Tinubu Meets Governors, Wants End to Federal, State Classification of Roads  President Bola Tinubu has urged government officials to discard the classification of highways as federal, state and rural roads. The President made this suggestion in a meeting with governors in Lagos on Tuesday. On the 2024...

FG Hints on supplementary Budget as Revenue Rises 5% in Q3 - Edun The Federal Government has said that it may consider returning to the National Assembly to seek the federal lawmakers’ approval for a supplementary budget next year if the government surpasses its revenue...

Budget: Finance Ministers Defend Tinubu’s Borrowing Plan Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and his counterpart in the Ministry of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, yesterday, defended the borrowing plan of the President Bola Ahmed Tinubu...