Oyedele: Cash Transfers Reach Over 10m Households
By Oluwakemi Kindness Finance Minister Taiwo Oyedele says Nigeria’s cash transfer programme has reached more than 10 million households. Oyedele disclosed this on Wednesday at the Africa’s Golden Future Forum in Bangkok, Thailand, while highlighting measures to protect vulnerable Nigerians from the effects of economic reforms. He said more than 1.5 million students have also […]
FG, World Bank Push for Better Returns on Public Spending
By Oluwakemi Kindness The Federal Government and the World Bank Group have stressed the need for public spending to deliver measurable economic and social benefits, identifying power infrastructure and human capital as investment priorities. The position followed a meeting between Finance Minister Taiwo Oyedele, Central Bank of Nigeria Governor Olayemi Cardoso and World Bank Group […]
Fitch Revises Nigeria’s Outlook to Positive on Reforms
By Oluwakemi Kindness Fitch Ratings has revised Nigeria’s credit outlook to Positive from Stable, citing stronger foreign reserves, moderating inflation and sustained economic reforms. The agency retained Nigeria’s long-term credit rating at ‘B’, saying further improvements will depend on continued progress. The Federal Ministry of Finance announced the decision in a statement signed by Minister […]
Oyedele Warns Customs Against Complacency Despite Gains
By Oluwakemi Kindness The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has warned the Nigeria Customs Service against complacency, despite its strong revenue performance and progress in trade facilitation. Oyedele, who chairs the Nigeria Customs Service Board, gave the warning during his inaugural board meeting and facility tour at Customs Headquarters […]
Tinubu Orders Forensic Audit of IPPIS, Federal Agencies
By Oluwakemi Kindness President Bola Tinubu has ordered a comprehensive forensic audit of the Federal Government’s payroll system and all its agencies. The audit will target ghost workers, payroll fraud, fake agencies and weaknesses in government controls that could expose public funds to abuse. Tinubu directed the Minister of Finance and Coordinating Minister of the […]
FG Spends N30.6tn, Saves N15.8tn After Subsidy Removal
By Mardiyyah Abubakar The Federal Government generated N20.4tn in additional resources between June 2023 and December 2025 but spent N30.64tn on additional obligations during the period, leaving about N10tn to be funded from its existing revenue base. Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this on Wednesday while presenting the Federal […]
Oyedele Says Poverty Reduction Remains ‘Unfinished Business’
By Oluwakemi Kindness The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has acknowledged that poverty reduction and improved household welfare remain “unfinished business” for the Federal Government despite what he describes as significant gains from its economic reforms. Oyedele made the remarks on Wednesday while presenting the government’s economic scorecard, where […]
FG to Release Fuel Subsidy Savings Report Within Days
By Mardiyyah Abubakar The Federal Government says it will soon publish a detailed report showing how it used savings from the removal of fuel and foreign exchange subsidies. Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele, made the promise on Thursday at the 7th Africa Emerging Markets Forum in Abuja. Oyedele said Nigerians […]
Finance Minister Seeks Commercial Tribunal for Investors
By Oluwakemi Kindness, Mardiyyah Abubakar The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has proposed the establishment of a specialised Commercial Dispute Resolution Tribunal to speed up the resolution of business disputes and boost investor confidence in Nigeria. Speaking at the Second Biennial Conference of the Capital Market Academics of Nigeria […]
Tax Transition Guidelines Will Ensure Fairness, Clarity – Oyedele
By Oluwakemi Kindness The minister of Finamce and Coordinating Minister of the Economy, Taiwo Oyedele, says the Federal Government’s newly released guidelines for implementing the Tax Acts 2025 will ensure a smooth and fair transition to Nigeria’s new tax regime. Oyedele said the guidelines provide a clear framework for handling issues that may arise as […]