Wale Edun
FG Gives 9-Month Grace Period for Nigerians Holding Dollars Outside Banking System
Edun also provided updates on Nigeria’s financial accounts, with the Excess Crude Account at $473,754.57, the Natural Resources Fund at ₦26.1 billion, and the Stabilization Account at ₦36.3 billion.
Abuja, Nigeria – Nigeria’s Minister of Finance and Coordinating Minister of … Continue Reading
New Tax Regulation To Alleviate Burden On Small Businesses And Manufacturers
A move to enhance economic growth and ease the tax burdens affecting small businesses and the manufacturing sector, the Federal Government has unveiled a New Tax Regulation which is “Deduction of Tax at Source (Withholding) Regulations, 2024.”
It was signed … Continue Reading
![At least 40 dead in Moscow concert hall attack, Ukraine Denies Involvement Rivers Assembly Overrides Fubara, Enacts New Law Breaking: Former Community Youth Leader, Four Others Shut Dead in Egbema, Imo State [VIDEO] Tragic Incident in Enugu: Mother of Three Commits Suicide After Abandoning Children at Police Station BREAKING: Three-storey building collapses as Ebute Metta, Lagos Akwa Ibom pastor Solid Rock Church, Apostle John Okoriko abia uturu student gunmen Asuu suspends strike bonny lga chairman Hon. David Rogers Irimagha Another Kidnapped Victim, Suleiman Sabo rescued by Police In Abuja](https://reportafrique.com/wp-content/uploads/2020/12/report-afrique-breaking-news-380x280.jpg "BREAKING: FG Establishes Disaster Relief Fund")
BREAKING: FG Establishes Disaster Relief Fund
Abuja, Nigeria – The Federal Government has created a Disaster Relief Fund to address natural disasters such as flooding.
This was announced on Monday by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, following the Federal … Continue Reading
Federal Government Powers Up Six Federal Universities: Rural Electrification Agency’s Massive Leap in Nigeria’s Energy Sector
The Federal Government, through the Rural Electrification Agency (REA), has successfully installed power plants in six federal universities, marking a significant step toward providing reliable electricity to critical sectors of the nation.
This initiative underscores the government’s commitment to improving … Continue Reading
Breaking News: Wale Edun Submits Minimum Wage Cost Implications to President Tinubu
Finance Minister Meets Deadline on Minimum Wage Proposal
Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has presented President Bola Tinubu with the projected cost implications of implementing a new national minimum wage. This follows … Continue Reading
FG Offers Businesses N1bn Loan At 9% Interest rate – Wale Edun
Small-Scale Entrepreneurs Can Access Up to N1m, Larger Businesses Up to N1bn
The Federal Government has announced a credit facility for businesses, including manufacturers, with loans up to N1bn at a reduced interest rate of 9%, according to Minister of … Continue Reading
President Tinubu Directs Implementation of Social Security Unemployment Program
President Bola Tinubu has directed the design and implementation of a Social Security unemployment program to alleviate the economic challenges faced by Nigerian youths.
The announcement was made by the Minister of Finance and Coordinating Minister for the Economy, Wale … Continue Reading
Video: Only 5 Percent of Nigerians Have N500k in Their Accounts, Says Minister Of Finance, Wale Edun
The Nigerian Finance Minister and Coordinating Minister of the Economy, Mr. Wale Edun, has stated that approximately only 5 percent of Nigerians have more than N500,000 ($340) saved in their bank accounts.
Considering that Nigeria has a population of … Continue Reading
Federal Government Introduces Direct Cash Transfers to 15 million households To Combat Fraud and Support Vulnerable Groups
The Federal Government has announced a major overhaul of its cash transfer program with direct transfers of N75,000 to 15 million households in 3 months.
Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, revealed the initiative … Continue Reading
Nigerian Government Mulls Conversion of Foreign Currency in Dom Accounts to Naira
Move Aims to Stabilize Naira Amidst Record Fall
The Federal Government of Nigeria is reportedly considering a policy shift that would involve converting foreign currencies in domiciliary accounts to naira.
Sources within the Presidency reveal that the plan is designed … Continue Reading