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The Federal Government has reiterated its commitment for stronger collaboration with the private sector with a view to driving inclusive economic growth and development.

Speaking during the closing ceremony at the 31st Nigerian Economic Summit (NES), the Honourable

Minister of Finance and Coordinating Minister of the Economy Mr. Wale Edun commended the Nigerian Economic Summit Group (NESG) for convening a productive dialogue that brought government, business leaders, and civil society together to align behind reforms essential to Nigeria’s ambition of a $1 trillion economy by 2030.

He stressed that the Summit was about commitments, not communiqués, and confirmed that its outcomes would be translated into a time-bound reform matrix, integrated into the Medium-Term National Development Plan.

Highlighting infrastructure as a catalyst for growth, Mr. Edun pointed to Nigeria’s Highway Development Management Initiative, targeting 5,300 kilometers of roads under public-private partnerships, more than twice Indonesia’s comparable achievement in 2022. This, he noted, demonstrates government’s determination to leverage private capital to expand infrastructure, boost competitiveness, and unlock new opportunities across ECOWAS and AfCFTA markets.

The Minister also reaffirmed investment in human capital as central to Nigeria’s productivity, citing continued commitment to health, education, and livelihoods through the National Human Capital Development Programme.

For the private sector, the Summit provided clarity on reform priorities and underscored government’s resolve to deliver a more predictable and enabling environment for business growth. Reforms must translate into better living standards and lift millions out of poverty. That is the true measure of inclusive growth and the promise of the Renewed Hope Agenda, HM Edun concluded.

Signed

Mohammed Manga, FCAI

Director, Information and Public Relations

October 10, 2025

www.finance.gov.ng

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, met on Friday in his office in Abuja with Flutterwave Technology Solutions Limited and the Ministry of Finance Incorporated (MOFI)  to explore a potential strategic partnership.

Flutterwave, Africa’s foremost fintech, showcased how its cross-border payment infrastructure is powering trade, financial access, and entrepreneurship across more than 30 countries. HM Edun commended the company’s role in driving innovation and reaffirmed the Federal Government’s commitment to investments that expand financial inclusion, empower small businesses, and position Nigeria at the centre of Africa’s digital transformation.

The meeting concluded with agreement on a clear roadmap for collaboration. Once finalized, the partnership would not only strengthen Nigeria’s digital economy but also reinforce private sector confidence in the country’s innovation landscape.

Signed

Mohammed Manga FCAI

Director, Information and Public Relations

October 11, 2025

www.finance.gov.ng

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has reaffirmed the pivotal role of the private sector in Nigeria’s economic revival, while also underscoring the decisive reforms that reshapes the nation’s economic landscape.

Speaking during the 60th Anniversary and 55th Annual Accountants’ Conference of the Institute of Chartered Accountants of Nigeria (ICAN), on Tuesday in Abuja, HM Edun commended the institute for six decades of professional excellence and integrity. He noted that under President Bola Ahmed Tinubu’s leadership, bold reforms are restoring credibility and driving productivity across key sectors.

These reforms are ushering in a new era that rewards innovation and enterprise over rent-seeking, he said.

The results are becoming evident: GDP grew by more than 4% in Q2 2025, industrial output rose 7.45%, inflation eased to 20.1% in August, and a record ₦7.4 trillion trade surplus reflects renewed competitiveness. Foreign reserves have also strengthened to $42 billion, while the naira has gained stability, narrowing the gap between official and parallel markets.

For the business community, the Minister emphasised that government reforms are laying a foundation of transparency, predictability, and accountability. The private sector accounts for 90% of GDP and remains the engine of growth. Government’s role is to enable, not crowd out, enterprise, Edun stated.

Looking ahead, HM Edun reaffirmed government’s ambition to achieve 7% GDP growth through investment in infrastructure, export expansion, fiscal discipline, and digital public financial management.

The ICAN conference continues to provide a vital platform for dialogue on reforms, professional ethics, and sustainable development.

Signed
Mohammed Manga FCAI
Director, Information and Public Relations
October 9, 2025

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FEDERAL MINISTRY OF FINANCE, ABUJA

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has reaffirmed Nigeria’s commitment to bold reforms that are restoring stability, strengthening investor confidence, and laying the foundation for inclusive growth.

Speaking at the 31st Nigerian Economic Summit in Abuja, HM Edun said the country is at a pivotal moment where decisive action will determine its economic future. He pointed to significant progress already achieved; including stabilisation of the naira, improved foreign exchange management, higher federal allocations, and early signs of easing inflation.

The Minister highlighted four priorities to sustain momentum: reforming fiscal policy, raising Nigeria’s tax-to-GDP ratio through automation and technology, curbing inflation, and unlocking private sector investment. With tax revenues at just 13% of GDP compared to 50–60% in peer economies, he stressed the urgency of widening the base to fund critical infrastructure and social programmes.

On social investments, the Minister announced that the Direct Benefit Transfer Scheme has already reached over 8 million Nigerians, with a target of 15 million households by year-end. Every beneficiary, he added is biometrically identified and digitally paid, ensuring transparency and impact.

Reiterating the central role of private enterprise, he noted that reforms are creating a more competitive climate for investment in energy, agriculture, transport, and digital infrastructure. Nigeria’s demographic advantage means our youth will form a major part of the global workforce by 2050, Edun said. Our task is to equip them to seize that opportunity, he added further

The Minister underscored President Bola Ahmed Tinubu’s commitment to policies that deliver fiscal stability, attract investment, and ensure prosperity is broadly shared.

Signed
Mohammed Manga FCAI
Director, Information and Public Relations
October 7, 2025

www.finance.gov.ng

The Federal Government has taken a significant step towards realizing its green growth agenda with the $100 million Orteva Carbon Project, a landmark initiative aimed at unlocking climate finance, generating carbon credits, and accelerating the country’s transition to a sustainable economy.

This was disclosed by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun today in his office in Abuja when he received a delegation from Orteva, in partnership with the Delta State Government and Eighth Versa, for strategic discussions on the project.

Commending the project, the Minister described it as a timely intervention fully aligned with President Bola Ahmed Tinubu’s vision of green growth and sustainable economic transformation.

 He stressed that initiatives of this scale are central to Nigeria’s Energy Transition Plan and will diversify revenue streams beyond oil, attract foreign exchange, and create jobs.

With components ranging from mangrove conservation to biochar production, the project is expected to generate between $350 million and $2.8 billion in carbon credit revenue, positioning Nigeria as a leading hub for credible carbon trading in Africa.

HM Edun assured that the Federal Government is committed to building a transparent carbon market framework with strong governance and pricing mechanisms, He added For the private sector, this represents an opportunity to invest in projects that protect the environment while delivering long-term economic returns.

The Federal Ministry of Finance reaffirmed its readiness to provide the policy, fiscal, and credit-enhancement structures needed to attract both domestic and international financing. The Orteva Carbon Project signals Nigeria’s new economic frontier, where sustainability and profitability converge to power inclusive growth.

Signed

Mohammed Manga FCAI
Director, Information and Public Relations
October 7, 2025

www.finance.gov.ng

The Steering Committee of the Domestic Crude Oil and Refined Products Sales in Local Currency Initiative met earlier today to review developments in the downstream oil sector.

The meeting, chaired by the Honourable Minister of Finance and the Coordinating Minister of the Economy, Mr. Wale Edun, noted two recent issues: the purported suspension of the Naira-for-crude oil arrangement by the Dangote Refinery, which has since been amicably resolved, and the concerns raised by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) regarding the Dangote Refinery.

The meeting had in attendance the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, the Chairman of the Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji, who also chairs the Technical Committee, the representatives of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Nigerian National Petroleum Company (NNPC) Ltd., Central Bank of Nigeria (CBN), Afreximbank, and the Dangote Refinery reaffirmed that there will be no disruption in the supply of refined petroleum products across the country.

For the avoidance of doubt, the committee reassured that the crude oil for the Naira initiative will continue. It also assured that all outstanding issues, particularly the dispute between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Dangote Refinery, are being addressed with urgency and in good faith.

The federal government remains fully committed to ensuring energy security, protecting consumers, and maintaining stability in the domestic petroleum products market.

Signed
Mohmmed Manga FCAI
Director, Information and Public Relations
September 28, 2025

www.finance.gov.ng

In recognition of her outstanding contributions to peace, progress, and development, the Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite, has been conferred with the esteemed chieftaincy title of Ada Ukwu Ndi Orlu Zone by His Imperial Majesty, Eze (Dr) Thomas Obiwuru Obiefule, the Paramount Ruler of Umudioka Ancient Kingdom, Orlu Local Government Area of Imo State, Nigeria

The presentation ceremony, which was held today in her office in Abuja, was a testament to Dr. Uzoka-Anite’s dedication to public service and her commitment to peace, progress, and development of not only Orlu Zone, Imo State, but Nigeria as a whole.

This followed the conferment undertaken by Nigeria’s Corporate Existence Commemorative Palace, Ancient Kingdom of Umudioka

His Imperial Majesty, Eze Obiefule, praised Dr. Uzoka-Anite’s numerous contributions, saying, Dr. Uzoka-Anite is one of the distinguished daughters of Orlu that we are proud of. In the interest of our people, I came personally to present this certificate to honour her for public service and support for development.

Eze (Dr) Thomas Obiwuru Obiefule is the Okairuro I Okwara Akubueze II and Paramount Ruler of Umudioka Ancient Kingdom Orlu Local
Government Area, Imo State. He is a long-serving traditional ruler and has been associated with various state and national councils of traditional rulers.

Responding, the Minister expressed her gratitude for the honour, dedicating the recognition to the Nigerian people and acknowledging the leadership of President Bola Ahmed Tinubu, under whose Renewed Hope Agenda, she continues to serve.

She pledged to uphold the dignity of the office and work towards peace, opportunity, and prosperity for the people of Orlu Zone, Imo State, and Nigeria.
I accept this title with humility and a deep sense of responsibility. By the grace of God, I will continue to uphold the dignity of this office and work for peace, opportunity, and prosperity for the people of Orlu Zone, Imo State and Nigeria as a whole, Dr Uzoka-Anite said

The title Ada Ukwu, meaning great daughter or first daughter in Igbo, is a prestigious honour reserved for women who exemplify service, integrity, and leadership in their communities. Orlu Zone comprises twelve Local Government Areas in Imo State.

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

www.finance.gov.ng

The Economic Management Team, chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun on Thursday met in his office in Abuja to review Nigeria’s economic performance and sectoral priorities.

The meeting welcomed further signs of stability in the economy, with inflation easing for the fifth consecutive month to 20%, GDP growth holding above 3%, and a merchandise trade surplus of ₦7.4 trillion in Q2 2025 — outcomes underpinned by a competitive exchange rate and disciplined reforms.

The session also featured the presentation of the National Livestock Growth and Advancement Strategy (NL-GAS) by the Minister of Livestock Development, Alhaji Idi Mukhtar Maiha. This two-phased, 10-year plan aims to double herd size and expand sectoral output by at least 100% by 2035 through strong public–private collaboration.

HM Edun affirmed that initiatives such as NL-GAS, aligned with Nigeria’s broader reform agenda, demonstrate the government’s commitment to unlocking investment, enhancing food security, and laying a foundation for sustainable, private-sector-led growth.

Signed
Mohammed Manga FCAI
Director, Information and Public Relations
September 20, 2025

www.finance.gov.ng

In its renewed determination to reposition the nation’s economy and attract Foreign Direct Investors, the Federal Government has expressed its willingness to strengthen its economic ties with the international community.

The Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite stated this in her keynote address titled: GCC-Nigeria Partnership – Shaping New Growth Pathways at the Money20/20 Middle East Conference in Saudi Arabia. She noted that Nigeria’s participation has provided an opportunity to showcase the country’s fintech and investment opportunities, attract foreign direct investors, and promote economic cooperation.

Dr. Uzoka-Anite said that under the leadership of President Bola Ahmed Tinubu, Nigeria is building a rules-based financial system that enables innovation while safeguarding stability. She added that our engagements in Riyadh advanced concrete partnerships across capital markets, trade, and technology

During the conference, Dr. Uzoka-Anite participated in a fireside chat on balancing innovation with financial stability and held bilateral meetings with senior Saudi officials. These meetings advanced concrete partnerships across capital markets, trade, and technology, with agreements to progress work in areas such as capital markets cooperation and trade and investment facilitation.

The outcomes of this visit underscore the commitment of both nations to deepen economic cooperation and unlock new opportunities for growth and development. With these developments, Nigeria is poised to attract significant foreign investment, leverage cutting-edge technology, and further cement its position as a key player in the global economy.

Signed
Mohammed Manga FCAI
Director, Information and Public Relations
September 19, 2025

www.finance.gov.ng

The Federal Government through the Presidential Initiative on Continuous Audit (PICA), has organized a two-day nationwide sensitization programme on the implementation of Nigeria’s Whistleblowing Policy. The programme, which took place in Lagos on September 17-18, 2025, aimed to raise public awareness and strengthen the policy’s effectiveness.

The sensitization programme brought together stakeholders from various sectors, including government officials, anti-corruption agencies, and private sector representatives. The event provided a platform for discussion, education, and creating awareness on the importance of whistleblowing in combating corruption, promoting transparency, accountability, and good governance in the management of public resources.

Government officials at the event highlighted that the current administration is working to enhance the policy, which was first approved in 2016 during the late President Muhammadu
Buhari’s Administration.

Addressing systemic challenges, the officials also acknowledged challenges that have hindered effective implementation, such as low public awareness and cultural resistance to reporting misconduct.

The event in Lagos was part of a larger, ongoing effort by the Federal Government to ensure transparency and accountability in the management of public funds.

Declaring the event open on Wednesday, the Honourable Minister of Finance and Coordinating Minister of the Economy Mr. Wale Edun stated that
the Whistleblowing Policy is designed to encourage the reporting of suspicious activities or wrongdoing related to financial crimes, mismanagement of public funds, or other illicit activities within the public or private sectors.

Represented by the Permanent Secretary Special Duties of the Federal Ministry of Finance Mr. Raymond Omenka Omachi, the Minister highlighted the programme’s objectives to include educating stakeholders on the policy’s framework and implementation guidelines, highlighting the importance of whistleblowing in combating corruption, promoting transparency, and providing insights into the procedures for reporting suspicious activities as well as the protections available to whistleblowers.

He informed that the Nation Wide Sensitization Programme commenced in Lagos, as a major commercial hub that has a consistent sound financial management system, and therefore urged all stakeholders to participate actively in enforcing compliance of the policy, while reaffirming the Government’s commitment to ensuring the protection of whistle blowers.

In his keynote address at the event, the Executive Governor of
Lagos State Mr Babajide Sanwo-Olu,
called for the review of the Whistleblowers Protection Bill to shield whistleblowers and institutionalize the policy for rebuilding public trust.

Represented by his Special Adviser on Taxation, Abdul-kabir Opeyemi Ogunbo, the Governor stressed that the State was fully committed to strengthening inter- corruption agencies to ensure strict compliance.

He encouraged residents to use the initiative to report infractions, emphasizing that it was a way to protect the financial system and the state’s integrity. Sanwo-Olu
stressed that the policy provides for the confidentiality and protection of whistleblowers against retaliation.

In their separate remarks, the Lagos State, Commissioner of Police and the Auditor General of the Federation, lauded the whistle blowing initiative of the Federal Government. They called for active participation from all stakeholders, as it is a tool of the government to fight corruption.

The event featured lecture presentations, interactive sessions with relevant stakeholders, including representatives from the Federal Inland Revenue Service (FIRS) and the Economic and Financial Crimes Commission (EFCC).

The Permanent Secretary Federal Ministry of Finance, Mrs. Lydia Shehu Jafiya reaffirmed the Ministry’s commitment to ensuring the sustainability of the initiative. She emphasized that the economic recovery already achieved through the system was enormous. The Permanent Secretary encouraged stronger synergies with concerned agencies.

Represented by the Deputy Director PICA , Mr. Oludare John, Mrs Jafiya, appreciated all stakeholders for their individual and collective support for the actualization of the policy.

Signed
Mohammed Manga FCAI
Director, Information and Public Relations
September 18, 2025

www.finance.gov.ng