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FG Calls For Strategic Deployment Of Pension  Assets 

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The Federal Government has called for the strategic deployment of the nation’s pension assets to accelerate national development, describing the industry as a key engine for long-term growth.

Speaking on Friday at the 2025 Pension Industry Leadership Retreat in Lagos, themed *Sustainable Retirement – Strategic Blueprint for Economic Development and Inclusion*, the Honourable Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun emphasized the critical role of the pension industry in driving Nigeria’s economic growth and development. 

He commended the National Pension Commission (PENCOM) for convening a timely and forward-looking dialogue.

With pension assets now exceeding ₦23 trillion—roughly 8.6% of GDP—the Minister stressed the need to align investments with national priorities such as infrastructure, housing, energy, and digital inclusion. *We must harness the transformative power of pension funds to support sustainable growth—without compromising the security of retirees’ savings,* he said.

HM Edun noted that while the Contributory Pension Scheme has become one of Africa’s most successful savings platforms, Nigeria still lags behind global pension penetration benchmarks. He urged stakeholders to consider well-regulated, de-risked vehicles that balance impact with safety and returns.

Reflecting on macroeconomic trends, he cited Q1 2025 GDP growth of 3.84%, stronger reserves, and a more stable exchange rate, but said faster expansion—at least 7% annually—is essential to reduce poverty. *The budget accounts for just 10% of GDP; institutional investors like pension funds must now take centre stage,* he added.

The Minister reaffirmed President Bola Ahmed Tinubu’s commitment to building an inclusive and resilient financial system that supports Nigeria’s long-term ambitions.

By strategically deploying pension assets, Nigeria can unlock new opportunities for economic growth, job creation, and improved living standards. 

Thus, the Federal Government looks forward to collaborating with stakeholders to harness the full potential of the pension industry for national development

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Wale  Edun Urges Sustained Private Investment As World Bank Hails  Nigeria’s  Economic Progress

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The Honourable Minister of Finance and Coordinating Minister of the Economy Mr. Wale Edun has reaffirmed the government’s commitment to private-sector-led growth, as the World Bank today launched its latest Nigeria Development Update (NDU) themed *Building Momentum for Inclusive Growth.*

Edun described the Bank as *a tremendous development partner,* praising its technical support and concessional financing via the International Development Association. *We’d like them to continue and to give us more of that to boost us on our way,* he said.

The Minister highlighted progress on fiscal transparency and renewed investor interest across key sectors, stating, *It is investment that grows the economy, creates high-quality jobs, and lifts Nigerians out of poverty in their millions.*

The World Bank projected 3.6% growth in 2025, citing Nigeria’s strongest economic performance in a decade, improved revenue mobilisation, and rising foreign reserves. *There is a lot to be positive about on Nigeria,* said Acting Country Director Taimur Samad, while calling for continued monetary discipline to curb inflation.

The NDU is the Bank’s flagship economic report, published twice a year to support evidence-based policymaking.

As Nigeria builds momentum for inclusive growth, the government’s commitment to private-sector-led development and the World Bank’s support underscore a promising future for the country’s economy. With sustained investment and prudent policy decisions, Nigeria is poised to unlock its vast potential and drive sustainable growth.

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Edun  Rallies Finance  Top  Management  Staff To Drive  Economic  Acceleration 

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In a pivotal moment for Nigeria’s economic future, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has called on the Ministry’s Top Management Staff to leverage their expertise in driving economic acceleration and fiscal stability for the benefit of all Nigerians.

This clarion call was made today at the 2025 Ministerial Performance Management Retreat, themed *Strengthening Performance Management for Fiscal Stability,* held at the  Banquet Hall, Government House, Yola, the Adamawa State Capital

The Minister officially declared the 2-day retreat open with a call for renewed purpose, measurable impact, and sustained economic reform in line with the Renewed Hope Agenda of the President Bola Ahmed Tinubu-led Administration.

HM Edun underscored the importance of the Directors’ role in Nigeria’s fiscal credibility, stating:

*The expectations of government and Nigerians are higher than ever. You are the engine room of policy execution. The performance of this Ministry is, to a large extent, a reflection of your effectiveness.*

The Minister reaffirmed President Bola Ahmed Tinubu’s commitment to lifting millions of Nigerians out of poverty through inclusive growth, noting that while the economy has stabilised, the target is to accelerate GDP growth to 7% per annum.

He also commended His Excellency, Rt. Hon. Ahmadu Umaru Fintiri, Executive Governor of Adamawa State, for hosting the retreat and acknowledged the laudable strides being made under his leadership.

In his goodwill message, the Executive Governor of Adamawa State, His Excellency, Rt. Hon. Ahmadu Umaru Fintiri, commended the Honourable Minister of Finance, Mr Wale Edun, the Honourable Minister of State for Finance, Dr Doris Uzoka-Anite, the Permanent Secretaries, as well as the Top Management Staff, for their commitment to driving the nation’s economy.

Represented by the Deputy Governor, Professor Kaletapwa Farauta, the Governor welcomed participants to Yola and stated:

*Adamawa remains committed to national development goals. We are honoured to host this retreat, which speaks to the importance of aligning local governance with federal fiscal reforms.*

Earlier in her welcome remarks, the Permanent Secretary, Federal Ministry of Finance, Mrs Lydia Shehu Jafiya, emphasised the urgency of the retreat’s objectives, thus:

*As we navigate the realities of limited resources, rising public expectations, and the need for efficiency in governance, performance management becomes not only relevant but critical to our fiscal stability and collective success.*

She called for collective efforts in entrenching the culture of Performance Management System in line with the Ministry’s mandate, which is to manage the nation’s finances in an open, transparent and efficient manner to achieve the country’s development goals.

The retreat brings together Directors from across the Federal Ministry of Finance as well as other relevant stakeholders 

to assess strategic progress and sharpen implementation capacity

As Nigeria charts a new course for economic prosperity, the Minister’s call to action serves as a rallying cry for the Ministry’s Top Management Staff to drive growth, stability, and prosperity for all Nigerians

With renewed purpose and determination, the Ministry of Finance is poised to play a critical role in shaping the country’s economic future

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Crude  And  Refined Product Sales  In Naira : Technical Sub-Committee  Provides Positive Implementation Update 

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The follow-on meeting of the Technical Sub-Committee on the Crude and Refined Product Sales in Naira initiative convened earlier today under the chairmanship of the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun.

The session reviewed implementation milestones and recorded notable progress since the last engagement. The meeting was attended by the Executive Chairman of the Federal Inland Revenue Service and Chairman of the Technical Sub-Committee, Mr. Zacch Adedeji; the Special Adviser to the President on Energy, Ms. Olu Verheijen; as well as senior representatives of the Nigerian National Petroleum Company Limited (NNPCL), local refining operators, and key regulatory institutions including the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian Ports Authority (NPA).

Stakeholders reaffirmed their shared commitment to the effective and seamless execution of the policy, which remains a critical component of President Bola Tinubu’s broader strategy to strengthen the Naira, enhance energy security, and promote local value addition within the sector.

The Coordinating Minister of the Economy commended the continued collaboration across agencies and partners and will provide further updates in due course.

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