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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

A new era of economic growth and development is unfolding in Nigeria as foreign investors demonstrate confidence in the country’s reforms.

At the Nigeria Investors Forum held on the sidelines of the 2025 WBG/IMF Annual Meetings in Washington D.C., yesterday, the Central Bank Governor and leader of the Nigerian delegation to the meetings, Mr. Olayemi Cardoso assured investors of the government’s commitment to advancing reforms and unlocking opportunities for sustainable investment and growth.

The Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite was among the top government officials who joined Mr. Cardoso at the event, demonstrating the commitment of President Bola Ahmed Tinubu-led Administration to creating an enabling environment for foreign investment.

The CBN Governor highlighted the country’s robust economic fundamentals, citing the $43.4 billion in external reserves, the highest level in five years. The Central Bank and the Ministry of Finance have been working hand in hand to ensure alignment, stability, and clarity for investors, he said.

Mr. Cardoso expressed optimism about Nigeria’s economic prospects, emphasizing the government’s commitment to strengthening the economy and promoting sustainable growth.

The CBN Deputy Governor, Mohammed Abdullahi, elaborated on the significant improvements in foreign exchange inflows, with monthly turnover in the forex market rising by 56.4% to $8.6 billion in 2025.

Over the last two years, we’ve really focused a lot on improving FX flows into the economy, and we’ve seen a significant jump. Average net flows between January 2023 and July have doubled, he said.

The Special Adviser to the President on Finance and the Economy, Sanyade Okoli, reiterated the Federal Government’s commitment to achieving 7% economic growth by 2027-2028 through diversification and investment in infrastructure.

Our target is 7% by 2027-2028. When the IMF increased its forecast a week later, for 2025 we are forecasting 4% growth, rising to around 5% next year,” Okoli stated.

She added that in Q2, 13% of sectors grew above 7%. Our dependence on oil for total exports has reduced to about 57.5% in the first half of this year compared to last year, and oil now accounts for about 4% of GDP, down from 8% in 2021.

Dr. Uzoka-Anite’s presence at the event demonstrates the Federal Government’s commitment to creating an enabling environment for foreign investment, in line with the Ministry’s mandate to drive economic growth and development.

With the government’s commitment to advancing reforms and promoting sustainable growth, Nigeria is poised to unlock new opportunities for economic development and prosperity. As the country charts its path towards a brighter future, investors and stakeholders alike are eager to be part of the journey.

Signed

Mohammed Manga FCAI

Director, Information and Public Relations

October 15, 2025

www.finance.gov.ng

As the world grapples with the impacts of climate change, Nigeria is taking bold steps to integrate climate resilience into its economic and financial policies. At the 14th meeting of the Coalition of Finance Ministers for Climate Action, held on the sidelines of the 2025 WBG/IMF Annual Meetings in Washington D.C, today, the Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite reaffirmed Nigeria’s commitment to driving sustainable development and climate action.

The Coalition, co-chaired by the Finance Ministers of the Netherlands and Uganda, brings together global leaders to drive climate action and support the goals of the Paris Agreement. In her opening remarks, Dr. Uzoka-Anite warmly welcomed Bhutan to the coalition and congratulated the incoming Co-Chair while also commending Mr. Eclco  Heinen of the Netherlands and Hon. Henry Musasizi of Uganda for their exemplary leadership in steering the Coalition’s agenda.

The Minister explained that Nigeria is advancing a comprehensive resilience finance strategy that integrates fiscal reforms to strengthen budgetary resilience, innovative instruments such as green bonds and carbon markets, as well as strategic partnerships to mobilize concessional and blended finance. This approach, Uzoka-Anite said, will enable the country to introduce debt vulnerabilities while channelling resources into projects that protect livelihoods and promote inclusive, climate-resilient growth

To achieve this, she stated, Nigeria is scaling nature-based solutions that deliver both mitigation and adaptation benefits, with transparent use of proceeds for infrastructure such as irrigation, transport, and early warning systems. The Minister informed that the country is also expanding its sovereign green bond programme with the successful issuance of the third green bond to finance both mitigation and adaptation priorities, and is now exploring international green bond issuance.

Dr. Uzoka-Anite stated further that We are committed to integrating climate change into our economic and financial policies. Our resilience finance strategy is designed to promote inclusive, climate-resilient growth and protect the livelihoods of our citizens. She emphasized the need for fair and predictable access to climate finance, stronger global collaboration to accelerate resilience investments, and enhanced support from development partners to blend concessional finance with private capital.

As Nigeria continues to navigate the complexities of climate change, Dr. Uzoka-Anite reiterated the country’s commitment to the principles of the Coalition and the Baku to Belem Roadmap, saying, We are ready to move from dialogue to delivery and from resilience to shared prosperity.

As Nigeria charts its path towards a climate-resilient future, the country’s commitment to innovative finance and global collaboration will be crucial in driving sustainable development and protecting the lives of millions of its citizens.

Signed

Mohammed Manga FCAI

Director, Information and Public Relations

October 15, 2025

www.finance.gov.ng

In a significant stride towards strengthening economic cooperation, Nigeria and the Islamic Development Bank (IsDB) yesterday deepened their partnership through a bilateral meeting in Washington D.C, led by Dr. Doris Uzoka-Anite, Honourable Minister of State for Finance. This strategic engagement underscores Nigeria’s commitment to driving economic growth and development, particularly under the Renewed Hope Agenda of President Bola Ahmed Tinubu’s Administration.

The meeting, which was attended by a high-level delegation from the IsDB, provided an opportunity to discuss various areas of mutual interests and explore avenues for advancing ongoing cooperation between Nigeria and the IsDB. Discussions focused on identifying more areas of collaboration that would yield tangible benefits for the Nigerian economy, including Sukuk financing, Sharia-compliant financing, and innovative financial instruments.

The dialogue was built on existing collaborations between Nigeria and IsDB, including initiatives in agricultural development, renewable energy, infrastructure development, education, and healthcare. The two parties also looked at  opportunities for exploring cooperation in special agro-industrial processing zones and halal economy development. This partnership is expected to create jobs, stimulate economic growth, reduce poverty, and improve the overall well-being of Nigerians.

Dr. Uzoka-Anite said, This meeting underscores the strong bond between Nigeria and the IsDB. Under the Renewed Hope Agenda, President Bola Ahmed Tinubu’s Administration remains committed to repositioning our economy and driving infrastructure development. We appreciate IsDB’s support and look forward to leveraging their expertise to accelerate our economic growth and development initiatives.

The meeting marks a significant step forward in Nigeria’s efforts to strengthen its economic ties with international partners, demonstrating the government’s proactive approach to fostering economic cooperation and dialogue with global institutions.

As Nigeria continues to navigate the complexities of global economic trends, partnerships with institutions like the IsDB will play a crucial role in driving sustainable development and improving the lives of Nigerians.

Signed

Mohammed Manga FCAI

Director, Information and Public Relations

October 15, 2025

www.finance.gov.ng