Business
Wale Edun Commends Lotus Capital’s Leadership In Non -Interest Finance

The Honourable Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun has commended Lotus Capital’s leadership in promoting non-interest finance in Nigeria, emphasising that collaboration between the public and private sectors will be essential to mobilising sustainable, long-term capital for national development.
The Minister gave the commendation today in his office in Abuja when he received a high-level delegation from Lotus Capital Limited, led by its Managing Director Mrs. Hajara Adeola
The meeting explores ways of expanding Nigeria’s non-interest finance sector as a driver of inclusive economic growth.
Discussions further centred on how initiatives such as a Non-Interest Real Estate Investment Fund and a regular sovereign sukuk issuance programme could attract ethical investment into critical infrastructure, boost market liquidity, and widen access to finance for under-served communities.
The meeting underscores the Ministry’s commitment to exploring innovative financing solutions for Nigeria’s economic growth and development, highlighting the importance of public-private partnerships in driving progress in the non-interest finance sector.
Business
Lagos FA Chairman Hajji Gafar Liameed Receives Special Recognition Award

The fourth edition of the Gusau Ahlan tournament, ended Friday in Lafia, Nasarawa, with aplomb and fanfare. And it saw the Chairman of the Lagos State Football Association, Hajji Gafar Olawale Liameed, was honoured with a special recognition award for his continuous support and contributions to the development of Nigerian youth, especially, in Lagos State.
Hajji Liameed was eulogised for being ever-present at all the opening and closing ceremonies of the prestigious tournament.
The amiable and hardworking LSFA boss, was presented with the award Governor of Nasarawa State, His Excellency, Alhaji Abdullahi A. Sule,with the able support of President of the Nigerian Football Federation (NFF), Alhaji Ibrahim Musa Gusau.
Business
Wale Edun Backs Economists Role In Shaping Nigeria’s Growth Path

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, today in his office in Abuja met with a delegation from the Nigerian Economic Society (NES), led by its President, Prof. Adeola Adenikinju, committing to deeper collaboration aimed at shaping evidence-based economic policy.
Edun described NES as *the intellectual and statistical repository of applied economics in Nigeria,* emphasising that its research and policy recommendations are vital for guiding reforms that can unlock private sector investment and accelerate
sustainable growth.
He pledged the ministry’s full support for the Society’s upcoming annual conference, noting that stronger policy dialogue between government and economists would strengthen market confidence and improve economic outcomes.
Permanent Secretary of the Ministry of Finance, Mrs. Lydia Shehu Jafiya added: *The Society’s work helps shape a clearer, more accurate narrative of Nigeria’s economy, which is essential for attracting investment and sustaining reform momentum.*
Highlighting the conference theme, *Rethinking Africa’s Development: Pathways Forward,* Prof. Adenikinju outlined how leading economists, including Nobel laureate Prof. Roy Pearson will convene in Abuja to debate strategies for inclusive growth, fiscal stability, and innovation. The event will feature over 200 academic papers and engage 500 economics students, building capacity for the next generation of policy leaders.
Business
FG Charts Path To Renewed Stability, Accelerated Growth

The Federal Government has outlined its strategy for achieving renewed stability and accelerated growth, with a focus on private sector-led investment, job creation, and improved public services.
Speaking at a media briefing today, in his office in Abuja, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun shared the government’s vision for a more prosperous Nigeria.
He stated that the government’s economic strategy is anchored on two interrelated objectives: achieving a stable macroeconomic environment that supports private sector growth and building stronger government savings and public investment in critical sectors such as education, health, and infrastructure. This strategic approach, he explained, is designed to drive growth, create jobs, and improve public services.
*Our task is to translate this into tangible improvements in the lives of Nigerians, through principally more jobs, and quality jobs that give higher incomes, and of course better public services,* Edun said.
Despite global economic uncertainties, the Minister added that Nigeria’s economy is diversifying, with growth driven by sectors such as trade, communications, and construction. HM Edun noted that GDP growth reached 3.13% in Q1 2025, up from 2.3% in Q1 2024, while inflation moderated to 22.22% as of June 2025. Foreign exchange reserves stood at approximately $39 billion in July 2025.
He informed that the government has also settled outstanding capital budget obligations and is prioritising spending on critical sectors. The government, he added, is targeting 7% annual GDP growth, driven by private investment, infrastructure expansion, energy security, and food production. Key initiatives include implementing policies to support private sector growth, investing in critical infrastructure, and promoting agricultural development.
*Our fiscal discipline and structural reforms are designed to build investor confidence and position Nigeria for sustainable, inclusive growth,* the Minister said. *We are committed to a coordinated fiscal and monetary policy framework that can substantially and sustainably reduce inflation, enabling cheaper capital for businesses so they can invest, and of course, greater purchasing power for households,* Edun added.
The Minister also highlighted the government’s commitment to building an economy that works for everyone, with a focus on transparency, resilience, and purpose. *Nigeria’s future growth depends on effective, honest, and targeted spending. We must ensure that public resources work harder for our people and our economy,* he emphasized.
As the government continues to implement its economic reforms, it is expected that the economy will continue to grow and diversify, with a focus on private sector-led investment, job creation, and improved public services.
With this strategic approach, the Federal Government is confident that Nigeria’s economy will achieve renewed stability and accelerated growth, improving the lives of Nigerians and positioning the country for a brighter future.
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