Posts in category: News

By Dr. Doris Uzoka-Anite, CFA

On October 24, 2025, Nigeria achieved a historic milestone that will reshape our nation’s economic future. At the Financial Action Task Force (FATF) Plenary in Paris, France, Nigeria was officially removed from the grey list – a designation that had constrained our financial system and limited opportunities for ordinary Nigerians since February 2023.

This is not just a bureaucratic achievement or a diplomatic win. This is about real change that will touch the lives of every Nigerian; from the small business owner in Lagos to the farmer in Kano, from the trader in Owerri to the student seeking opportunities abroad.

What This Means for You

Let me explain what this achievement means in practical terms. When Nigeria was on the grey list, it meant that other countries viewed our financial system with suspicion. Banks abroad were hesitant to process transactions from Nigeria. Businesses found it harder and more expensive to trade internationally. Young Nigerians faced additional scrutiny when applying for visas or opening bank accounts overseas. Foreign investors thought twice before bringing their capital to our shores.

Now, with our exit from the grey list, these barriers begin to fall. Nigerian businesses will find it easier and cheaper to conduct international trade. Our banks can engage more freely with global financial institutions. Foreign investors will view Nigeria as a safer, more credible destination for their capital. And everyday Nigerians will face less discrimination in the global financial system.

This achievement is particularly significant because we were removed alongside South Africa, Mozambique, and Burkina Faso – a proud moment for Africa as a whole. The FATF President herself called it “a positive story for the continent of Africa.”

How We Got Here

This victory belongs to every Nigerian who believed in our capacity for reform. But I must acknowledge the extraordinary leadership that made it possible.

President Bola Ahmed Tinubu provided unwavering commitment to this cause from day one. His Excellency understood that Nigeria’s global credibility was at stake and gave clear directives to complete this reform, no matter how difficult. Under his leadership, we implemented bold economic reforms, from fuel subsidy removal to foreign exchange harmonization, that demonstrated Nigeria’s seriousness about building a transparent, rule-based economy.

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun coordinated this complex effort across multiple agencies with exceptional skill and determination. His vision was clear from the outset: “Nigeria’s ambition was never limited to simply completing the Action Plan and exiting the grey list. Our focus has been on driving reforms and strengthening institutions.” This was not just about ticking boxes; it was about genuine transformation.

I must also recognize the exemplary leadership of Hajiya Hafsat Abubakar Bakari, CEO of the Nigerian Financial Intelligence Unit (NFIU). She coordinated the implementation of a rigorous 19-point Action Plan with remarkable precision and persistence. When we faced three outstanding action items in February 2025 with a March deadline looming, Ms. Bakari’s urgent call to action galvanized the entire government machinery. Her technical expertise and tireless advocacy were instrumental in keeping Nigeria on track. As she rightly said, this achievement was “a true test of Nigeria’s resilience, coordination, and commitment to reform.”

The Office of the National Security Adviser deserves special commendation for the exceptional coordination of all security agencies throughout this process. Their strategic oversight ensured seamless collaboration across law enforcement and intelligence agencies, which was critical to meeting our compliance obligations.

My colleagues at FEC, the Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, and the Minister of Interior, Dr. Olubunmi Tunji-Ojo, worked relentlessly to ensure that legal frameworks and enforcement mechanisms were strengthened across the board.

The Work We Did
Over the past two and a half years, Nigeria implemented comprehensive reforms that transformed our financial system. We enacted and enforced critical legislation – the Money Laundering (Prevention and Prohibition) Act 2022 and the Terrorism (Prevention and Prohibition) Act 2022. We operationalized a Beneficial Ownership Register that brings transparency to corporate ownership. We strengthened intelligence sharing between law enforcement agencies and enhanced supervisory measures for banks and other financial institutions.

We didn’t just pass laws on paper. We ensured they were implemented in practice. We increased prosecutions of financial crimes. We applied sanctions to institutions that failed to comply with anti-money laundering requirements. We improved detection of illegal cash movements across our borders.

As Minister of State for Finance, I had the privilege of coordinating critical aspects of this reform with regulatory agencies and the private sector. I worked closely with the Corporate Affairs Commission to operationalize the Beneficial Ownership Register, ensuring transparency in corporate ownership structures. In fact, the outcome of the BO Register has been transformative—we now have unprecedented visibility into corporate ownership structures, making it significantly harder for illicit actors to hide behind shell companies and enhancing our ability to track suspicious financial flows.

I collaborated with the National Insurance Commission to strengthen supervisory measures in the insurance sector, and partnered with Nigeria Customs Service to enhance detection and enforcement at our borders. Our work with the Securities and Exchange Commission and the Central Bank of Nigeria ensured that our financial markets met global standards for transparency and integrity. The passage of the Investment and Securities Act 2025, which I championed alongside other stakeholders, was a key component of our broader commitment to financial integrity and investor protection.

What Comes Next

Our removal from the grey list is not a finish line. It is a new starting line. As South Africa’s Revenue Service Commissioner wisely noted, this is “not a finish line but a milestone on a long-term journey toward building a robust and resilient financial ecosystem.”

We have already been invited to join the FATF Guest Jurisdictions Initiative, which means Nigeria will participate under its own flag in FATF meetings for the next year – a recognition of our growing credibility in global financial governance.

But our work continues. We must sustain these reforms and build on this momentum. We must continue strengthening our institutions, enhancing transparency, and ensuring that Nigeria’s financial system remains a force for legitimate economic growth, not illicit activity.

President Tinubu’s vision of a $1 trillion economy is now more achievable than ever. With restored global credibility, Nigeria can attract the foreign investment we need to develop our infrastructure, create jobs, and lift millions out of poverty. Our capital markets can become the engine that powers this transformation – but only if we maintain the integrity and transparency that we’ve worked so hard to establish.

A Moment of Pride

This is a moment for every Nigerian to feel proud. We have shown the world that Nigeria can reform, that we can meet international standards, and that we can deliver on our commitments. We have proven that when we work together – government, private sector, civil society, and citizens – we can achieve extraordinary things.

To President Tinubu, thank you for your visionary leadership. To Minister Wale Edun, thank you for your strategic coordination. To Hajiya Hafsat Bakari and the entire team at NFIU, thank you for your technical excellence and relentless dedication. To the National Security Adviser and all security agencies, thank you for your exemplary coordination. To the Attorney-General, the Minister of Interior, and all the agencies that contributed to this success, thank you for your service to our nation.

And to every Nigerian: this achievement is yours. It opens doors that were previously closed. It creates opportunities that were previously out of reach. It restores dignity to our nation in the global community.

We have laid the foundation. Now let us build the future we deserve – a Nigeria that is prosperous, transparent, and respected on the world stage.

Dr. Doris Uzoka-Anite, CFA
Honourable Minister of State for Finance

Nigeria has been officially removed from the Financial Action Task Force (FATF) grey list, marking a major milestone in the nation’s economic reform journey and reaffirming its global commitment to transparency, integrity, and financial accountability.

The decision, announced at the FATF Plenary in Paris, follows two years of sustained reforms and collaboration across government and financial institutions. Representing Nigeria, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun described the achievement as a decisive signal to investors that Nigeria is open, compliant, and ready for deeper financial integration.

This development strengthens Nigeria’s standing within the global financial system, restoring international confidence and unlocking opportunities for foreign investment, trade finance, and private-sector growth.

By addressing key deficiencies in anti-money laundering and counter-terrorist financing frameworks, Nigeria has not only enhanced its financial governance but also reinforced the foundations for sustainable economic expansion and private-sector competitiveness.

Nigeria’s delisting represents more than regulatory compliance — it is a commitment to a transparent economy where businesses can thrive, investors can trust, and growth can accelerate.

Signed

Mohammed Manga FCAI

Director, Information and Public Relations

October 26, 2025

www.finance.gov.ng

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has presided over the investiture of Dr. George Elombi as the fourth President and Chairman of the Board of Directors of the African Export–Import Bank (Afreximbank) at a ceremony held in Cairo, Egypt.

The leadership handover marks a defining moment for the continent’s financial landscape and reinforces Afreximbank’s central role in advancing Africa’s trade integration, industrialisation, and shared prosperity.

As Chairperson of the Afreximbank General Meeting, HM Edun commended the outgoing President, Professor Benedict Oramah, for his decade of transformative leadership that strengthened the Bank’s balance sheet and deepened Africa’s financial resilience. Initiatives such as the Pan-African Payment and Settlement System (PAPSS) and the AfCFTA Adjustment Fund have significantly expanded opportunities for Nigerian businesses, enabling smoother regional trade, easier currency settlement, and broader access to growth capital.

In his remarks, the Honourable Minister described the leadership transition as a reaffirmation of Africa’s collective capacity to finance its development and chart its own economic destiny.

The appointment of Dr. Elombi, a long-serving executive who has been instrumental in shaping Afreximbank’s governance and capital expansion, ensures continuity of the Bank’s mission to empower the African private sector.

For Nigeria, this transition strengthens access to continental financing mechanisms, supports the government’s reform agenda, and unlocks greater export opportunities for domestic enterprises across key sectors.

Signed

Mohammed Manga FCAI

Director, Information and Public Relations

October 26, 2025

www.finance.gov.ng

The Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite has emphasized the importance of embracing the timeless ideals of patriotism, education, and public service to drive economic empowerment, inclusive growth, and opportunities for all Nigerians

Dr. Uzoka-Anite made the remarks today in her office in Abuja when she received the Committee for the 6th Dr Nnamdi Azikiwe Annual Award Memorial Lecture, led by its chairman and former Governor of Niger State, Dr. Mu’azu Babangida Aliyu, who paid her a courtesy

She stated that Dr. Nnamdi Azikiwe’s ideals of patriotism, education, and public service remain timeless, emphasizing the need for Nigerians and leaders in particular to imbue ideals of patriotism in order to drive inclusive growth and opportunities for all Nigerians.

Dr. Nnamdi Azikiwe’s ideals of patriotism, education, and public service remain timeless. It is our duty, as leaders of today, to translate those ideals into economic empowerment, inclusive growth, and opportunities for all Nigerians, she said.

The Minister stated further that Dr. Azikiwe’s legacy of patriotism, education, and public service continues to guide us. Under the Renewed Hope Agenda, we are committed to driving sound fiscal management, inclusive economic growth, and sustainable prosperity for all Nigerians. Recognitions like this strengthen our resolve to serve even more diligently.

She reiterated that the Federal Ministry of Finance remains committed to driving sound fiscal management, inclusive economic policies, and sustainable national prosperity in line with the policy thrust of the present administration

Dr Uzoka-Anite thanked President Bola Ahmed Tinubu, the Executive Governor of Imo State H.E Hope Uzodinma, the Chairman Zenith Jim Ovia and indeed all Nigerians for the opportunity to serve,

and contribute to nation-building.

Stating that recognitions like this fuels the desire to serve more.

She commended the organizing committee for its continued effort to honour national icons and promote intellectual dialogue around leadership, governance, and national development.

Speaking earlier, the former Governor of Niger State, His Excellency Dr. Mu’azu Babangida Aliyu, who led the delegation, expressed his delight at the visit and underscored the importance of unity as the foundation of Nigeria’s progress.

He emphasized that the nation must remain united in purpose and vision to achieve sustainable development.

He explained that Dr.Nnamdi Azikiwe Award and honour is reserved for distinguished individuals whose contributions have advanced their communities, the nation, and humanity at large.

The former Chief Servant of Niger State noted that the nomination of Dr. Doris Uzoka-Anite, the Honourable Minister of State for Finance, was both unanimous and well-deserved — citing her remarkable record in the financial sector, her integrity, and her unwavering dedication to the growth and stability of Nigeria.

He added that the visit was a precursor to the Dr Nnamdi Azikiwe Annual Memorial Lecture and Award ceremony schedule for November 2025

The visit reaffirmed collaboration towards fostering civic engagement and value-driven leadership across sectors.

The ceremony underscores the Ministry’s commitment to collaborative efforts in driving national development and promoting patriotic leadership.

Signed

Mohammed Manga FCAI

Director, Information and Public Relations

October 24, 2025

www.finance.gov.ng

The Federal Government has reaffirmed its commitment to expanding financial inclusion in Nigeria through digital identity and pro-growth regulation.

This commitment was underscored by the Minister of State for Finance, Dr. Doris Uzoka-Anite, at Semafor’s Next 3 Billion Tour held today at the Transcorp Hilton, Abuja.

The convening, produced by Semafor in partnership with the Bill and Melinda Gates Foundation, brought together policymakers, business leaders, innovators, and civil society to translate global research on inclusion and connectivity into country-level action.

The Abuja stop follows Semafor’s New York summit on the sidelines of the 2025 United Nations General Assembly and precedes additional tour events across Africa and the Middle East.

Speaking on a panel moderated by Semafor’s Yinka Adegoke, Dr. Uzoka-Anite highlighted the progress driven by reforms under President Bola Ahmed Tinubu’s Renewed Hope Agenda, including trusted digital identity systems, agent banking, and the rise of mobile money platforms. “

Trust is the foundation of inclusion. With NIN and BVN strengthening identity verification, more Nigerians can be safely onboarded into the financial system, Dr. Uzoka-Anite said.

She added that Mobile-first solutions and nationwide agent networks are lowering the barriers to access. People can transact, save, and receive payments in their communities without heavy brick-and-mortar infrastructure.

The Minister noted that platforms such as Moniepoint, OPAY, and PalmPay, alongside bank-led wallets and agency services, are accelerating daily-use cases from payments to remittances for households and small businesses. She added further that consumer credit reforms are being designed to help Nigerians not only spend but also earn and build assets over time.

When people can save securely within the financial system instead of keeping cash at home that is vulnerable to theft, fire, or flooding, they protect their income capital and strengthen long-term stability, she said. Our focus is practical and people-centered. Expand connectivity, improve affordability, raise digital literacy, and keep regulation smart so innovation can scale responsibly.

Dr. Uzoka-Anite also commended the Central Bank of Nigeria and ecosystem partners for improving settlement infrastructure and supporting the growth of agent banking nationwide. She acknowledged remaining gaps around power, connectivity, and skills. The Minister expressed her commitment to continued collaboration with relevant ministries, regulators, states, and the private sector to close them.

Change can feel gradual, but days like today show the distance we have covered. She added. Under the Renewed Hope Agenda, we will keep linking policy to the tools people actually use on their phones every day to work, trade, and save.

The Minister thanked Semafor, the Gates Foundation, and all participants for advancing a solutions-focused dialogue. The Next 3 Billion Tour is spotlighting insights from the Global Findex 2025 report and the Global Digital Connectivity Tracker to inform inclusive growth strategies in key markets.

With the government’s renewed focus on digital identity, fintech innovation, and pro-growth regulation, Nigeria is poised to accelerate financial inclusion, driving economic growth and development for all citizens.

Signed
Mohammed Manga FCAI
Director, Information and Public Relations
October 22, 2025

www.finance.gov.ng

The 2025 World Bank-IMF Annual Meetings in Washington D.C. have come to a close, and I leave with deep optimism about Nigeria’s trajectory and the renewed confidence of our global partners.

Led by the Central Bank Governor, Mr. Olayemi Cardoso, our delegation presented a unified front — fiscal and monetary authorities working hand in hand to deliver macroeconomic stability, discipline, and inclusive growth. The message resonated: President Bola Ahmed Tinubu’s reforms for Nigeria are working.

Over the week, we engaged multilaterally and bilaterally — from meetings with the Islamic Development Bank and the World Bank’s Managing Director of Operations, to the G24 and Coalition of Finance Ministers for Climate Action. Across all forums, there was a consistent acknowledgement that Nigeria’s reform agenda is yielding results. Inflation is moderating, the exchange rate is stabilising, investor confidence is returning, and foreign reserves are strengthening.

I was particularly encouraged by the IMF Managing Director, Kristalina Georgieva’s words: “Thank you, Nigeria, for showing the world that reform does work.”

This sentiment captures what we have all worked towards — proof that tough but necessary reforms are positioning Nigeria for sustainable growth. Our engagements also opened new doors for partnership in infrastructure, renewable energy, agriculture, and climate finance — areas that align with President Bola Ahmed Tinubu’s Renewed Hope Agenda and our national priorities of job creation, poverty reduction, and economic diversification.

We return home from Washington not only with stronger partnerships, but with greater resolve. The world is watching Nigeria’s reform story unfold — and it is one of resilience, innovation, and hope.

The task ahead remains clear: to deepen reform, unlock private investment, and ensure that growth translates into prosperity for every Nigerian.

We are on the right path, and the best is yet to come.

— Dr. Doris Uzoka-Anite, CFA
Honourable Minister of State for Finance
Federal Republic of Nigeria
Washington D.C., October 2025

 As Nigeria’s economic reform agenda gains global recognition, international investors are expressing renewed interest in the country’s economy.

Speaking on the sidelines of the ongoing World Bank and IMF Annual Meetings in Washington D.C., Minister of State for Finance, Dr. Doris Uzoka-Anite revealed that investors are eagerly awaiting Nigeria’s return to the international capital market.

She stated that the meetings provided a platform for Nigeria’s economic team to engage with global investors, showcasing the country’s economic progress.

Uzoka-Anite highlighted key indicators, including a growing foreign exchange reserve exceeding $42 billion and a decline in inflation.

It’s like a miracle that we could do such multiple reforms, and within 2 years, we are witnessing groups and I think even the IMF and the World Bank have given a lot of commendation to that, she said.

The Minister attributed the country’s economic progress to President Bola Ahmed Tinubu’s visionary leadership and the government’s commitment to reforms.

 We are glad at Mr. President’s visionary leadership and for steering the country to undertake such reforms. We need the reforms, she added.

Uzoka-Anite further explained that the reforms have brought clarity and certainty to the foreign exchange market, leading to a drop in prices of goods and services.

Now that there is clarity and there’s certainty in FX pricing, there is more confidence in the economy among manufacturers and traders. Prices of food and other services, including manufactured goods, the prices have come down, she said.

With renewed confidence in the economy, Uzoka-Anite expressed optimism that Nigeria would attract significant investments, driving growth and development.

With Nigeria’s economic fundamentals on track and global investors eager to invest, the country is poised to unlock its vast potential and drive sustainable growth and development for generations to come.

Signed

Mohammed Manga, FCAI

Director, Information and Public Relations

October 18, 2025

www.finance.gov.ng

Nigeria’s proactive economic reforms and renewed commitment to fiscal discipline have garnered international recognition, with the country’s economic fundamentals showing significant signs of improvement.

This was highlighted by the Central Bank Governor, Mr. Olayemi Cardoso, who led the Nigerian delegation to the 2025 Annual Meetings of the International Monetary Fund (IMF) and World Bank Group in Washington D.C.

The meetings provided a platform for Nigeria to showcase its economic progress, including a decline in inflation, stabilization of the exchange rate, and increased foreign reserves exceeding $43 billion.

The delegation, comprising key top government officials, including the Minister of State for Finance, Dr. Doris Uzoka-Anite; Senate Committee Chairman on Finance, Distinguished
Senator Muhammad Sani, Deputy Chairman House of Representatives Committee on Finance, Hon. Saidu Musa Abdullahi; Permanent Secretary Federal Ministry of Finance, Mrs. Lydia Shehu Jafiya; Special Adviser to the
President on Finance and Economy; Mrs Sayande Okoli; Deputy Governor CBN Mohammed Abdullahi: Directors Generals and Heads of Agencies, and other top government officials, engaged with global leaders, policymakers, and financial institutions to discuss systemic reforms for inclusive and sustainable development.

We are moving in the right direction toward macroeconomic stability, fiscal discipline, and inclusive growth, Cardoso stated.

Minister of State for Finance, Dr. Doris Uzoka-Anite commended Cardoso’s exemplary leadership of the Nigerian delegation and expressed appreciation for the dedication and professionalism of all team members.

The outcomes we have achieved this week are a direct result of our strong collaboration, she said. We return home with renewed vigour and vitality, with renewed hope and determination to deliver on our national priorities, Uzoka-Anite assured

Nigeria’s economic reforms have also attracted significant investments, including over $8 billion in new investments in the energy sector.

As Nigeria assumes the chairmanship of the Intergovernmental Group of Twenty-Four (G-24) on International Monetary Affairs and Development, the country is poised to play a key role in shaping global financial architecture.

With renewed momentum and international confidence, Nigeria is set to sustain its trajectory of stability, discipline, and shared prosperity.

Signed
Mohammed Manga FCAI
Director, Information and Public Relations
October 17, 2025

www.finance.gov.ng

The Federation Account Allocation Committee (FAAC), at its October 2025 meeting chaired by the Accountant General of the Federation, Shamsudeen B. Ogunjimi shared a total sum of N2.103 Trillion to the three tiers of government as Federation Allocation for the month of September 2025 from a gross total of N3.054 Trillion.

From the stated amount inclusive of Gross Statutory Revenue, Value Added Tax (VAT) and Electronic Money Transfer Levy (EMTL), the Federal Government received N711.314 Billion, the States received N727.170 Billion, the Local Government Councils got N529.954 Billion, while the Oil Producing States received N134.956 Billion as Derivation, (13% of Mineral Revenue).

The sum of N116.149 Billion was given for the cost of collection, while N835.005 Billion was allocated for Transfers Intervention and Refunds.

The Communique issued by the Federation Account Allocation Committee (FAAC) at the end of the meeting indicated that the Gross Revenue available from the Value Added Tax (VAT) for the month of September 2025, was N872.630 Billion as against N722.619 Billion distributed in the preceeding month, resulting in an increase of N150.011 Billion.

From the stated amount, the sum of N34.905 Billion was allocated for the cost of collection and the sum of N25.132 Billion given for Transfers, Intervention and Refunds. The remaining sum of N812.593 Billion was distributed to the three tiers of government, of which the Federal Government got N121.889 Billion, the States received N406.297 Billion and Local Government Councils got N284.408 Billion.

Accordingly, the Gross Statutory Revenue of N2.128 Trillion received for the month was lower than the sum of N2.838 Trillion received in the previous month by N710.134 Billion .

From the stated amount, the sum of N79.090 Billion was allocated for the cost of collection and a total sum of N809.873 Billion for Transfers, Intervention and Refunds.

The remaining balance of  N1.239 Trillion was distributed as follows to the three tiers of government: Federal Government got the sum of N581.672 Billion, States received N295.032 Billion, the sum of N227.457 Billion was allocated to LGCs and N134.956 Billion was given to Derivation Revenue (13% Mineral producing States).

Also, the sum of N53.838 Billion from Electronic Money Transfer Levy (EMTL) was distributed to the three (3) tiers of government as follows: the Federal Government received N7.753 Billion, States got N25.842 Billion, Local Government Councils received N18.089 Billion, while N2.154 Billion was allocated for Cost of Collection.

Value Added Tax ( VAT), Import Duty, and Electronic Money Transfer Levy (EMTL) increased significantly, while CET Levies and Company Income Tax (CIT) decreased considerably.
Petroleum Profit Tax (PPT) increased marginally, while Oil and Gas Royalty and Excise Duty recorded marginal decreases.

According to the Communique, the total revenue distributable for the current month of September 2025, was drawn from Statutory Revenue of N2.239 Trillion, Value Added Tax (VAT) of N812.593 Billion and the sum of N51.684 Billion from Electronic Money Transfer Levy (EMTL), bringing the total distributable amount for the month to N2.103 Trillion.

Signed
Mohammed Manga FCIA
Director, Information and Public Relations
October 17, 2025.

www.finance.gov.ng

The Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite has highlighted the progress made in Nigeria’s health sector, as the Federal Government’s macroeconomic reforms continue to yield positive results.

Speaking at the Health Works Leaders Coalition roundtable on the sidelines of the 2025 WBG/IMF Annual Meetings in Washington D.C., today, Dr. Uzoka-Anite noted that despite challenges, the health sector has seen significant improvements, with increased funding and strategic initiatives aimed at enhancing healthcare delivery.

While acknowledging that there is still a significant funding gap in the health sector, she however noted that the Federal Government has increased allocation to the Federal Ministry of Health and Social Welfare by almost 60% in the 2025 appropriation.

Dr Uzoka-Anite also highlighted the government’s efforts to boost financing and deepen value in the health sector, including the design, administration, and periodic review of Excise Tax on tobacco, alcohol, and sugar-sweetened beverages, with revenue from these excise taxes earmarked for Universal Health Coverage (UHC).

Additionally, the government, she said, has implemented a policy zero-rating medical equipment and drugs for Value Added Tax (VAT) purposes and secured concessionary financing in excess through the HOPE operation.

The Minister emphasized the need for a national compact to serve as a coordinating mechanism to align or pool fiscal resources toward national priorities, particularly in the health sector.

She thanked the World Bank for recognizing Nigeria as a priority country for showcasing its UHC COMPACT and for selecting Nigeria to lead efforts under the Africa Initiative for Access to Medicines and Local Manufacturing (AIM 2030).

Dr Uzoka-Anite reiterated the government’s commitment to advancing reforms and promoting sustainable growth, with a focus on improving the lives of Nigerians.

She expressed optimism about Nigeria’s economic prospects and called for continued support and partnerships to drive growth, productivity, and equitable development.

The Honourable Minister commended the Ministry of Health, under the leadership of the Honourable Minister of Health, Professor Ali Pate, and other relevant stakeholders, for their collaborative efforts in driving progress in Nigeria’s health sector.

This achievement, she said, is a testament to President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritizes improving the nation’s health and well-being.

The Minister’s remarks underscore the government’s unwavering commitment to advancing healthcare and economic prosperity for the benefit of all Nigerians.

Signed
Mohammed Manga FCAI
Director, Information and Public Relations
October 16, 2025

www.finance.gov.ng