The Federal Government has expressed commitment to deepening its economic ties with the Organisation ...


DOMESTIC REVENUE MOBILIZATION is a CRITICAL component of Nigeria’s long-term path TO SUSTAINABLE DEVELOPMENT FINANCING
Wale Edun Lauds AFDB’s Role In Accelerating Nigeria’s Economic Growth
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has comme ...
Federal Government Endorses Lagos International Financial Centre Initiative
The Federal Government has formally endorsed the creation of the Lagos International Financial Centr ...
Annual Assets Report: Understanding Government Investments
The Annual Assets Report provides critical insights into the financial health of government-owned an ...
National Assets Register (NAR): Enhancing Transparency and Accountability
The National Assets Register (NAR) is a critical foundational block of the MOFI mandate as an effici ...
MANDATE
Our goals are
To manage the nation's finances in an open, transparent, accountable and efficient manner that delivers on the country's developmental priorities. This is done through responsible and performance oriented management of state finances; transparent government operations and an effective organizational structure

ECONOMIC REFORMS
2023 to 2027 Economic Reform Outline
- 1. Address oil theft and pipeline vandalism and substantially grow oil and gas production
- 2. Unlock the potential of the solid minerals sector
- 3. Announce impending elimination of PMS subsidy
- 4. Rationalise select government assets
- 5. Deepen tax collection by restructuring and automating key revenue generating agencies
- 6. Optimize operating expenditure to reduce cost and leakages
- 1. Transition to a transparent and unified foreign exchange rate system
- 2. Resolve the cash shortage situation
- 3. Establish a coordinating body for fiscal and monetary policy
- 4. Reform CBN's operating model
- 1. Reform the regulator environment to enable business and investment
- 2. Transform Nigeria to become Africa's most efficient trading nation
- 3. Grow non-oil export contribution to GDP
- 4. Grow manufacturing contribution to GDP
- 5. Be the leading investment destination of choice among the MINT economies (FDI)
Accelerate implementation of Nigerian capital market master plan.
Meet The Team
A Ministry is as Good as its Team
Together, under the leadership of the Honorable Minister, we work with a renewed hope of a greater Nigeria

Wale Edun
Honourable Minister of Finance & Co-Ordinating Minister of The Economy


Lydia Shehu Jafiya
Permanent Secretary (Finance)

Raymond O Omachi
Permanent Secretary (Special Duties)
CAPITAL MARKET
Grow Market Capitalization from 14.3% to 25% of GDP
Incentives to strengthen the capital market and mobilize capital for development
- 1. Issue long-term, high yielding debt securities (such as Special Purpose Bonds) for dedicated/ specific projects/ initiatives such as Agriculture, Industrial related initiatives.
- 2. Facilitate increased participation of pension funds and insurance companies in the capital market.
- 3. Collaborate with fintech companies to introduce new capital market products such as multi- issue structured products, special financial bonds to facilitate the interest of SMEs.
- 4. Incentivise the issuance of, and participation in Environmental, Social, and Governance compliant products.
- 5. Issue SUKUK bonds as a strategy to raise capital for government projects and collaborate with the SEC to make the Certificates tradable on the stock market.
- 6. Set up of a national commodity exchange with regional trading centers.
- 7. Review the Non-Banking Financial Company Regulation (NBFC) to unlock credit to key segments of the private sector including mortgages, agriculture, etc.
- 8. Facilitate creation of investment products in collaboration with Fund Managers to attract the Diaspora and retail investment in local securities.
- 9. Strengthen and enforce the regulation to protect the shareholders and investors.

In mobilizing sustainable development financing for the execution of the 8 points agenda of Mr. President, the culmination of which, is the doubling of the Nigerian economy, to approximately $1 trillion dollars, the ministry will deploy technology at the intersection of people, industries, and government.
The techno-efficiency has begun, and the impact will endure for years to come. This will increase efficiency of governance and economic outcomes, that inch us closer to the $1 trillion dollar mark. We will pursue continuous iteration of the best models and ideas that are most responsive and efficient for our people, our industries, and our investors.

News
Ministerial Activities
FG, OECD Deepens Ties to Drive Economic Reforms, Attract Investment Opportunities
The Federal Government has expressed commitment to deepening its economic ties with the Organisation for Economic Co-o ...
Wale Edun Lauds AFDB’s Role In Accelerating Nigeria’s Economic Growth
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has commended the African D ...
Federal Government Endorses Lagos International Financial Centre Initiative
The Federal Government has formally endorsed the creation of the Lagos International Financial Centre (IFC), a strateg ...
Our 8-Years Targets Are
- Double the economy from $450Bn to ~$1Tn
- Achieve 7% average Annual GDP growth rate from the current 3.25%
- Lift 100 million people out of poverty
- Create the enabling environment to generate over 50 million jobs
- Deliver sustained inclusive growth
