Author: Adekunle

Nigeria’s economy is set for a stronger, more competitive future as the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, pushes forward sweeping trade and revenue reforms. His leadership was on full display at the 62nd meeting of the Nigeria Customs Service (NCS) Board in Abuja, where the Service’s half-year results revealed a major leap in performance. Under Edun’s watch, Customs generated an impressive ₦3.7 trillion in the first half of 2025, that is 12.5% above budget targets and 25% higher than the same period in 2024. He described the result as commendable,…

Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, OFR, has assured Nigerians at home and abroad that the Federal Government is taking decisive steps to address the financial difficulties currently facing the country’s diplomatic and consular missions. In a statement released on Monday, September 1, 2025, the Ministry acknowledged that many Nigerian missions abroad have recently struggled to meet financial obligations, including the payment of salaries to locally recruited staff, rent to landlords, and allowances to home-based officers. The Ministry noted that the constraints are a direct reflection of Nigeria’s broader economic situation, with years of budgetary limitations resulting…

The Office of the National Security Adviser (ONSA) has dismissed as false and misleading claims by former Kaduna State Governor, Mallam Nasir El-Rufai, that the Federal Government is coordinating a policy of paying bandits or offering them incentives. El-Rufai, during a television interview on Sunday, alleged that the ONSA was involved in ransom payments to criminals. But in a swift response, ONSA described the remarks as baseless, stressing that neither the Office of the National Security Adviser nor any agency of government under the present administration has ever engaged in ransom payments or inducements to bandits. “On the contrary, we…

Nigeria’s path to economic stability is rarely straight, but under the stewardship of Wale Edun, Minister of Finance and Coordinating Minister of the Economy, the country’s fiscal compass is pointing firmly towards discipline, efficiency, and long-term growth. Earlier this month, emerging from a Federal Executive Council meeting, Mr. Edun set out a vision that marries immediate stabilisation with the building blocks of a stronger, more resilient economy. The President, he reported, has reiterated a simple but powerful directive: grow the Nigerian economy by optimising public savings and ensuring government spends smarter, not just more. For a country long burdened…

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today led Nigeria’s economic delegation to a high-level Business Roundtable hosted by Citi at its São Paulo headquarters. The meeting took place on the sidelines of President Bola Tinubu’s historic State Visit to Brazil. Delivering the keynote, Mr. Edun outlined President Tinubu’s bold economic reform agenda designed to restore fiscal sustainability, unlock private capital, and accelerate inclusive growth. He underscored Nigeria’s vast market potential, its demographic dividend, and the administration’s commitment to infrastructure renewal, energy transition, and technological innovation as critical drivers of long-term prosperity.…

“The future of warfare is digital, fast-moving, and unpredictable. As defense leaders, we must invest in technology to stay ahead of emerging threats. Africa must take the lead in shaping the future of defense.” These were the words of the Honourable Minister of State for Defence, Dr. Bello Muhammad Matawalle, MON, at the Inaugural African Chiefs of Defence Staff Summit 2025, held from Monday, August 25 to Wednesday, August 27, at the Bola Ahmed Tinubu International Conference Centre, Abuja. The summit’s theme was: “Combating Contemporary Threats to Regional Peace and Security in Africa: The Role of Strategic Defense Collaboration.”…

Nigerian intelligence has been credited with the arrest of Muslim Muhammad Yusuf, the son of Boko Haram’s founder, in Chad — a breakthrough analysts say underscores the effectiveness of improved intelligence gathering and coordination under the office of the National Security Adviser. Security analyst Audu Bulama Bukarti confirmed the development after an investigation into the identity of the suspect. “My investigation has confirmed that Muslim Muhammad Yusuf, recently arrested in Chad, is the son of Boko Haram’s founder,” Bukarti told reporters. According to him, Muslim was leading an ISWAP cell when he was captured alongside five others. His…

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has declared that Nigeria is driving bold reforms to achieve GDP growth of up to 7% in the medium term, more than double population growth, while significantly raising living standards. Speaking during a strategic briefing with Mrs. Zainab Shamsuna Ahmed, World Bank Executive Director for Angola, Nigeria and South Africa (ANSA) Constituency, Edun stressed that the government’s reform agenda is already attracting international capital. “Our focus is on structural reforms in agriculture, power, and digital infrastructure to build a stronger, more competitive economy,” he…

Nigeria’s economy may still have its fair share of challenges, but there’s a new sense of direction coming from the Ministry of Finance—and it has Mr. Wale Edun’s signature all over it. Since taking the reins as Minister of Finance and Coordinating Minister of the Economy, Wale Edun has moved with a quiet determination, pushing through reforms that are beginning to ease long-standing economic pressures. At the heart of his work is the stabilisation of the Naira—a currency that for decades has been at the mercy of oil prices and policy inconsistencies. By liberalising the foreign exchange market and…

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, who also leads the nation’s Economic Management Team, today held a strategic meeting with the Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, at the CBN Headquarters in Abuja. The Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, was also in attendance. The high-level engagement underscored the importance of aligning fiscal and monetary policy under Edun’s leadership to sustain macroeconomic stability, strengthen investor confidence, and drive private sector-led growth. Mr. Edun reaffirmed that coordinated action between the fiscal and…