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Finance and co-ordinating minister of the economic meets with stakeholders for sustainable growth of the nation’s economy.

The Honorable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Wednesday convened a pivotal meeting with the Manufacturers Association of Nigeria (MAN) and National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) alongside other business association leaders to foster collaboration for resilient and sustainable economic growth.

The session chaired by Wale Edun, included the Minister of Agriculture and Food Security, Abubakar Kyari, and other relevant advisors, including the Permanent Secretary Federal Ministry of Finance, Mrs. Lydia Shehu Jafiya.

The discussions centered on challenges faced by the private sector as well as opportunities that can be developed on the back of the successful reforms programme embarked upon by the President Bola Ahmed led administration.

Signed:
Stephen Kilebi
D(Press & Public Relations Finance).
February 15,2024.

 

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Think Outside the Box and be Innovative- Jafiya

The Permanent Secretary Federal Ministry of Finance, Mrs. Lydia Shehu Jafiya has urged young officers of the Ministry to think outside the box, be innovative and embrace digitalization in order to add value to the services rendered to members of the public. She stated this in her opening remarks at a one day workshop on Freedom of Information Act 2011 for officers on Salary Grade Levels 12 – 14 held today at the main Auditorium of Federal Ministry of Finance, Abuja.

Jafiya, said FOIA 2011 has been in operation since 2011 and the current administration of President Bola Ahmed Tinubu believes in totality with the terms of this Act which includes good governance, inclusivity, transparency and accountability. She added that the current administration poised to deliver the dividends of democracy to Nigerians and members of the public is carrying out its duties and responsibilities in consonance with the Freedom of Information Act 2011 (FOIA 2011).

The Permanent Secretary Finance noted that the Ministry is a critical establishment in the implementation of Federal Government’s policies, programs and activities and as such it is committed to the effective operationalization of the Act in the management of government finances in the most transparent and accountable manner.

Jafiya noted that the Act is a tool for any functional democracy to strive, thereby making it a necessity for the Ministry to communicate the contents to all categories of officers in the Federal Ministry of Finance who are expected to be attentive and utilize the knowledge acquired from the workshop to bear for enhanced service delivery.

Jafiya noted that accurate record keeping and retrieval mechanisms are vital to the successful operation of the FOIA 2011, adding that the Federal Ministry of Finance has keyed into the Electronic Record management (ERM) system to address any concern.

Earlier, the Director Press and Public Relations Federal Ministry of Finance, Mr. Stephen Kilebi in his welcome address emphasized the need for active participation at the workshop, adding that effective operationalization of FOIA 2011 will boost good governance, probity, transparency, accountability and citizens participation in governance which are the bedrocks of President Bola Ahmed Tinubu’s Renewed Hope Agenda.

Kilebi thanked the Honourable Minister of Finance and Co-Ordinating Minister of the Economy, Wale Edun, Permanent Secretary Finance, Lydia Shehu Jafiya, the Permanent Secretary Special Duties Finance, Okokon Ekanem Udo,for providing the logistics to organize the workshops.

It could be recalled that a similar workshop was organized for officers of the Ministry on Salary Grade Levels 3-10 last week in Abuja.

Mrs. Babalola Olufunke Olanike from the Human Resources Department of the Ministry who was a participant at the workshop said, “The workshop is fantastic, an eye opener for us to know our rights to access information that is beneficial to us and go for it.” She added, “I am recommending this kind of workshop to several other people for them to know that they have access to certain information that will be beneficial to them.”

Also, Mr. Abubakar Nuhu, another participant from Reforms Coordination and Service Improvement Department of the Ministry observed, “The workshop is very rich and encompassing in the sense that government is all about transparency, the knowledge we acquired from this workshop will help the government on its transparency agenda.” He recommended that such a workshop should be done on regular basis.

The lectures were well delivered by Mr. Benjamin O. Okolo, the Lead Resource person and Mr. Chris Ugwuala on: Examine key components of open and good governance through FOIA 2011, Obligations and duties of public institutions in the implementation of the FOIA 2011 and Understanding, dealing, and responding to FOIA request/application – a step by step guide.

Signed:

Stephen Kilebi

D (Press and PR)

February, 1, 2024.

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World Economic Forum Annual Meeting 2024

The CME, Wale Edun joined world leaders for the @worldeconomicforum annual meetings in Davos to discuss the global economic outlook. Nigeria plays a critical role in the context of geopolitics, international trade and energy security.

HM Edun engaged in extensive dialogue with several leaders from across the globe, covering Nigeria’s strategies for enhancing macroeconomic stability and investments- domestic and foreign, as well as funding for Nigeria’s energy transition #wef24

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CME Meets Kaduna Governor

yesterday, Honourable Minister Wale Edun met with His Excellency, Senator Uba Sani, Governor of Kaduna State. Together, they expressed sympathy for those affected by the unfortunate Tudun Biri drone misfire and discussed comprehensive rebuilding efforts in the community.

The meeting also covered enhancing support for out-of-school children, Kaduna State’s funding and investment drive, alongside other initiatives, especially in the area of human capital development.

The Ministry of Finance remains dedicated to supporting these important recovery and developmental efforts

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CME Inaugurates Customs Board

Yesterday, HM Wale Edun, Minister of Finance and Coordinating Minister for the Economy, and Chairman of the Governing Board of the Nigeria Customs Service (NCS), inaugurated the Nigeria Customs Service Board (NCSB) at NCS HQ in Abuja.

This key milestone enhances governance and strengthens the NCS’s role in trade facilitation, revenue generation, and anti-smuggling.

The Minister extends his best wishes to the board and leadership of the Customs Service in their vital role in advancing Nigeria’s economy.

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CME Tours Gateway Agro-Cargo Airport

On Friday morning The Honourable Minister, Wale Edun embarked on a tour of the ongoing Gateway International Agro-Cargo Airport, courtesy of the Ogun State Governor, His Excellency Prince Dr. Dapo Abiodun.

Speaking to the media, the Minister said: “I congratulate the governor and the people of Ogun State on what has been achieved so far but more importantly, we look forward to the end result which is the creation of jobs, increased production, increased opportunities for farmers to produce and sell their products at a good price and in good time without any of the usual post harvest loss on transit that one gets from agricultural products. The airport is good for the economy of Ogun State and Nigeria.”

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CME Unveils VREG

Today, Hon. Minister Wale Edun unveiled the National Vehicle Registry (VReG), a landmark initiative in Nigeria’s journey towards economic stabilisation. This platform marks a pivotal shift in using technology for efficient revenue collection and enhancing public services.
 
VReG is set to bridge critical gaps in vehicle information, linking to global databases for seamless international connectivity. This move is not just about revenue—it’s about strengthening law enforcement and trade facilitation. #techforgovernance

The focus is clear: Digitalisation is key. From AI to data connectivity, these tools are our future for boosting revenue and policy making.

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CME Discusses Sustainable Finance at SEC Roundtable

Earlier today at the SEC’s round table on Non-Interest Capital Market, HM Wale Edun discussed innovative non-debt solutions like equity and non-interest finance to address global challenges like climate change. #SustainableFinance

Emphasising green finance, he aligned with President Tinubu’s vision for inclusive growth, spotlighting important initiatives and opportunities in afforestation and EV production. #GreenNigeria

HM Edun drew from his experience to share insights on Nigeria’s capital market, particularly his contributions to developing financial ratings and the OTC market.

He also honoured the late Bode Agusto, recognising his pioneering work in establishing Nigeria’s ratings space, leaving a profound legacy in our financial sector.