Cash Transfer: 600,000 Households Paid as FG Resumes Scheme The Federal Government says 600,000 households have been paid so far as it resumed its direct cash transfer scheme. This is according to a statement by the Director of Information and Public Relations at the Ministry of...

FG’s Revenue Surpassed Budgetary Target – Finance Minister The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that the Federal Government’s revenue for the first half of 2024 has surpassed its budgetary targets. Edun, who announced this at a press briefing...

Minister Explains Delay in Direct Payment of FAAC to LGAs The Minister of Finance and Coordinating Minister of Economy, Wale Edun, says there are “practical impediments” to the implementation of direct payment of allocation to local government areas (LGAs) from the federation account. Edun spoke on...

Nigeria’s Debt Service Drops Amid Non-Oil Revenue Boom The Nigerian government has recorded significant strides in its fiscal management, with a dramatic decline in debt service and a surge in non-oil revenue. The minister of finance, Wale Edun, disclosed these positive developments during an assessment...

FG To Jail Defaulting Bank Executives Over Windfall Tax   The Federal Government has proposed the imprisonment of principal officers of banks who refuse to comply with the one-time windfall tax on banks’ foreign exchange profits in 2023. It also proposed a penalty of 10 per cent...

Finance Minister Advocates Social Protection Policies to Aid Economic Reform The minister of finance and coordinating minister of the economy, Wale Edun, has advocated for social protection policies alongside economic reforms to address the increased cost of living in Nigeria. In his remarks at the 3rd...