FG Seeks ¥15bn from Japan to Boost Food Security
The Federal Government has intensified discussions with the Japan International Cooperation Agency to fast-track the implementation of a ¥15bn (about $110m) emergency loan to improve food security across the country. This was disclosed in a statement issued by the Federal Ministry of Finance and Coordinating Ministry of the Economy on Wednesday after a high-level meeting […]
Federal Government To Conduct Forensic Audit On NNPCL
Federal Government plans to conduct a forensic audit of the Nigerian National Petroleum Company Limited, NNPCL, soon. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who revealed this at the ongoing Nigerian Investor Forum in Washington DC, explained that the recent changes in the NNPCL management are part of a broader effort […]
FEC approves $1.07 billion for health sector reform and HIV treatment expansion
The Federal Executive Council (FEC) has approved a total of $1.07 billion in financing for healthcare sector reforms under the Human Capital Opportunities for Prosperity and Equity (HOPE) program. Briefing newsmen after FEC meeting on Monday, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who reeled out some of the Council’s approvals, revealed […]
NLC Calls Off Nationwide Protest Over Telecom Tariff Hike
By Raliat Adenekan The Nigeria Labour Congress (NLC) has suspended its planned nationwide protest against the recent 50% hike in telecom tariffs approved by the Federal Government. The Labour Union decision followed a meeting with the Federal government representatives at the Office of the Secretary to the Government of the Federation on Monday night, as it resolved […]
FEC Approves N47.9 Trillion 2025 Budget
The Federal Executive Council (FEC) has approved N47.96 trillion budget proposals for 2025 with President Bola Tinubu ordering some amendments after its presentation to the Council by the Budget Office. Briefing State House correspondents after the FEC meeting at the Presidential Villa, Abuja, Sen. Abubakar Bagudu, Budget and Economic Planning Minister, said that the proposal […]
State Governors align on Creation of State Police at NEC
In a bid to address the insecurity challenges in the country, Governors have endorsed the creation of State Police. Thirty-six states submitted their recommendations at the National Economic Council NEC meeting chaired by Vice President, Kashim Shettima at the Council Chamber of the Presidential Villa. Addressing State House Correspondents after the meeting, in Abuja, Governor […]
FG to Begin Payment of Pension Backlog
The Federal Government has promised to pay the outstanding pension arrears as it released only about 25 per cent of the total amount budgeted for 2024. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made the commitment yesterday when retirees from Nigeria’s Contributory Pension Scheme staged a protest at the Federal […]
President Tinubu signs new National Minimum Wage bill into law
President Bola Tinubu today signed the National Minimum Wage Bill into law. The President signed the bill just passed by the National Assembly during the Federal Executive Council FEC meeting held at the Council Chambers of the State House, Abuja. Speaking after the signing, the Senate President, Godswill Akpabio who commended President Tinubu for signing […]
Minister of Finance to present cost implications of new minimum wage
President Bola Ahmed Tinubu has directed the Minister of Finance and Coordinating Minister of Economy, Wale Edun to come up with cost Implications on the new minimum wage and present affordable, sustainable and realistic figure within 48hours. The Minister of Information and National Orientation, Mohammed Idris who made this known today to newsmen, also disclosed […]