Author: Adekunle

In a landmark virtual briefing, last week the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun presented a comprehensive update on Nigeria’s economic trajectory to selected members of the media, highlighting significant progress, key priorities, and strategic initiatives to drive sustainable growth and development in the country. The Minister’s briefing provided a detailed overview of Nigeria’s economic stabilisation efforts, which have yielded notable results over the past 18 to 20 months. According to Minister Edun, the economy has pulled back from the brink of a fiscal crisis, with Nigeria recording 3.84% GDP growth…

The Northern Elders Political Development group has commended President Bola Tinubu, the Minister of State for Defense, Bello Matawalle and Chief of Defence Staff (CDS), General Christopher Musa for their efforts in improving security in the North-West region. It noted that majority of towns and villages in the region observed the Eid-el-Fitri peacefully without cases of bandits’ attack as previously experienced, aside from pockets of unrest in few Sokoto and Zamfara villages. A statement signed by its secretary, Dr. Adamu Lawal Giwa, followed successful operation of Fansa Yamma, which led to the destruction of bandits’ enclaves in some…

Personal Income Tax (PIT) payments by wealthy Nigerians will go up from 18.6 per cent to 25 per cent when the Tax Reform Bills become law, according to a projection by the Federal Government. Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said the upward trajectory in revenue will complement the 20 per cent increase recorded last year. He said Nigeria’s economy has achieved relative stability over the past 18 to 20 months. He spoke in Abuja during a Zoom dialogue meeting, according to the News Agency of Nigeria (NAN). The Tax Reform will also…

A civil society organisation, the Security Watch Network for Good Governance, has hailed the Nigerian Armed Forces and the Minister of State for Defence, Dr. Bello Matawalle, for the recent elimination of a notorious bandit leader, Kachallah Dan Isihu. The group described the development as a significant milestone in the ongoing efforts to combat criminality in the North-West region of the country. In a statement signed by its President, Abdullahi Fagge, the group said Dan Isihu, who had long terrorised communities across Zamfara, Katsina, and Kaduna States, was neutralised in a carefully coordinated, intelligence-led military operation. The…

1. The Ministry is repositioning Nigeria globally, through the clear articulation of President Bola Tinubu’s 4D Foreign Policy Doctrine (Democracy, Development, Diaspora, Demography); clear definition of Nigeria’s global role and interests; and amplification of Nigeria’s voice multilaterally and bilaterally. 2. Spearheaded strategic global alliances and achieved diplomatic milestones: President Tinubu’s re-election as ECOWAS Chair, and chairing of pivotal ECOWAS summits; Re-election of Nigeria’s Ambassador Bankole Adeoye as AU Commissioner for Political Affairs, Peace, and Security, reinforcing its leadership in continental security; Nigeria’s retention of its seat on the African Union Peace and Security Council (AUPSC) for another three…

In the early days of March 2024, the social media and news mediums were hit with news detailing how Nigeria’s security agencies had detained Tigran Gambaryan, Binance Holdings Limited’s head of financial crime compliance and Nadeem Anjarwalla, the company’s Africa regional manager. Binance is one of the largest cryptocurrency exchanges in the world. It offers services such as spot trading, futures, staking, and lending. The platform supports numerous cryptocurrencies, allowing users to trade coins like Bitcoin and Ethereum, as well as many altcoins. Binance had been under watch by the Nigerian government for lending itself to suspicious transactions…

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and the Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, convened a high-level meeting in Abuja to deepen collaboration between fiscal and monetary authorities. The engagement underscores the administration’s strategic approach to ensuring macroeconomic stability and sustainable economic growth. Speaking at the meeting, Edun reaffirmed President Bola Tinubu’s commitment to policies that drive inclusive growth, enhance investor confidence, and position Nigeria’s economy for long-term resilience. Under his leadership, the Ministry of Finance has implemented measures to boost government revenue, reduce the…

… says it will enhance Nigeria’s investor confidence and economic stability. The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Wednesday chaired a high-level Fiscal Data Harmonisation Meeting, where he stressed the urgency of Nigeria having accurate, timely, and comprehensive economic data to enhance investor confidence and economic stability. The meeting was attended by the Honourable Minister of State for Finance, Dr Doris Uzoka-Anite; the Accountant General of the Federation, Shamsedeen Babatunde Ogunjimi; and the Director General of the Budget Office, Mr Tanimu Yakubu, among other key officials. During the meeting,…

… Urges all parties to respect the declaration and warns against attacks on government facilities The Honourable Minister of State for Defence H.E. Dr. Bello Mohammad Matawalle MON,has expressed his strong support for President Bola Ahmed Tinubu’s declaration of a state of emergency in Rivers State, emphasizing that this decisive action is vital for restoring stability to the state’s turbulent political landscape. Matawalle stated that the declaration is a necessary measure to address the ongoing political crisis, which has hindered the delivery of democratic governance and the welfare of the people of Rivers State. He called on all…

In a decisive move to address the escalating political and security crisis in Rivers State, President Bola Tinubu has declared a state of emergency in the oil-rich region. This announcement, made on 18th of March , comes amid growing concerns over the breakdown of law and order, political instability, and the threat to Nigeria’s economic interests in the state. The declaration underscores the federal government’s commitment to restoring peace, ensuring the safety of citizens, and safeguarding national assets. The Context of the Crisis Rivers State, a key economic hub in Nigeria, has been embroiled in a protracted political…