The Federal Government has announced a significant milestone in Nigeria’s journey towards a deregulated market structure for Premium Motor Spirit (PMS). The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, disclosed this today in a press statement whichhe personally signed and made available to the Ministry’sInformation and Public Relations Unit...
Category: Financial Report
Post
Post
AGF GIVES GUIDELINES FOR THE EXEMPTION OF THIRD-PARTY RESEARCH GRANT FUNDS FROM TSA
The Accountant General of the Federation, Dr. Oluwatoyin Madein has issued guidelines for the exclusion of third-party research grant funds of Federal Universities and Research Institutions from the Treasury Single Account (TSA). In a federal treasury circular issued in Abuja, Dr, Madein said the new guidelines would be implemented immediately. She said the guidelines were...
Post
FG CHAMPIONS FISCAL & MONETARY POLICY COORDINATION AT RENEWED HOPE AGENDA WORKSHOP
In a bold move to revitalize Nigeria’s economy, the Federal Government has convened a two- day groundbreaking Renewed Hope Agenda workshop, championing coordination between fiscal and monetary policies. Organised by the Federal Ministry of Finance in partnership with the Central Bank of Nigeria (CBN), the workshop aimed to strengthen the Federal Government’s technical capacity in...
Post
FG PARTNERS TRANS SAHARA CONSORTIUM FOR FOOD SECURITY
In its renewed commitment to revolutionize the country’s agricultural sector, the Federal Government has expressed its desire to partner Trans Sahara Consortium’s Soybean and Sugar Projects’ initiatives. The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosed this today in his office in Abuja, when he met with a delegation...
Post
NIGERIA TAKES HISTORIC LEAP AS CRUDE OIL SALES COMMENCES IN NAIRA
In a groundbreaking move, Nigeria has officially commenced the sale of crude oil and refined petroleum products in Naira The HonourableMinister of Finance and Coordinating Minister of the Economy, announced that, in line with the Federal Executive Council (FEC) directive, the sale of crude oil and refined petroleum products in Naira has officially commenced as...
Post
NIGERIA’S FUTURE LEADERS SHINE AS SILVER AWARD PRESENTATION CELEBRATES YOUTH EXCELLENCE
Nigeria’s commitment to empowering its youth was on full display Friday, at the Silver Award Presentation Ceremony of the Duke of Edinburgh’s International Award. The event, attended by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, recognized the outstanding achievements of young people aged 14 to 24 who have...
Post
WALE EDUN ASSURES MINISTRY’S WORKFORCE OF BETTER WELFARE SERVICES, CHARGES THEM ON IMPROVED PRODUCTIVITY
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has assured the Association of Senior Civil Servants of Nigeria (ASCSN), Finance Chapter, and the Ministry’s Joint Union Council (JUC), of better welfare services while also charging them to ensure optimum productivity in order to boost the economic growth and development...
Post
FG INTRODUCES NEW FISCAL INCENTIVES TO BOOST NIGERIA’SOIL AND GAS SECTOR
In its avowed determination towards ensuring a boost in the nation’s upstream and downstream sector, the Federal Government has introduced groundbreaking concessions aimed at revitalizing the industry. This is just as the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun today unveiled two major fiscal incentives aimed at revitalizing Nigeria’s...
Post
FG ROLLS OUT SIXTY-FOUR CNG BUSESTO MARK NIGERIA’S 64TH INDEPENDENCE ANNIVERSARY
As part of the celebrations for Nigeria’s 64th Independence Anniversary, the Federal Government today unveiled 64 Compressed Natural Gas (CNG) buses, underscoring its commitment to providing affordable and environmentally friendly transportation for Nigerians. The unveiling ceremony, held at the Presidential Villa, Abuja was led by the Honourable Minister of Finance and Coordinating Minister of the...
Post
FG LAUNCHES PROJECT PHOENIX TO ENHANCE REVENUE GENERATION
In its renewed determination to revitalize the nation’s economy, the Federal Government has launched Project Phoenix, a transformative initiative designed to enhance revenue generation and collection in the lottery and gaming sector In an inauguralmeeting of the Joint Committee for the implementation of Revenue Assurance Platform (RAP), which will oversee reforms in Nigeria’s lottery and...