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MR. WALE EDUN
The Federal Executive Council (FEC) has granted approval for a $2.2 billion financing programme to support the Federal Government’s external borrowing plan.
The Federal Government has recently introduced VAT exemptions for a range of energy products, including diesel, Liquefied Natural...
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has announced an ambitious target to boost Federal Government’s Internally Generated Revenue (IGR) by a significant 77%.
Mr. Wale Edun has revealed that the Federation Account has been witnessing an improved revenue inflow of over N1 trillion since the removal of subsidy.
Mr Wale Edun, has stressed that Nigeria is not in a position to depend on borrowing to fund the 2024 national budget.
The Federal Executive Council has approved a 3.45 billion loan application to finance the power and renewable energy sector, as well as to expand the AGILE project.
Mr. Wale Edun has stated that around $10 billion of forex inflows is expected within weeks rather than months.