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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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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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FG, Propcom+ Join  Forces To Transform  Nigeria’s Agricultural Sector , Economic  Growth 

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In a significant step towards boosting Nigeria’s agricultural sector and driving economic growth, the Federal Government has expressed its commitment to partnering with Propcom+, a UK Aid-funded programme, to enhance agricultural productivity and improve livelihoods. 

This initiative was underscored when the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, received in his office in Abuja today a delegation from Propcom+, the UK Aid-funded programme focused on climate-resilient and market-led agricultural development.

HM Edun highlighted the government’s commitment to driving inclusive economic growth through strategic investments in agriculture. 

He noted that efforts are being coordinated in partnership with the Federal Ministry of Agriculture, the African Development Bank, and other stakeholders to expand access to subsidised inputs and finance for smallholder farmers across both wet and dry seasons. 

The Minister also underscored the importance of efficiency and transparency, citing the use of biometric systems for direct benefit transfers to vulnerable populations, and ongoing initiatives to connect farmers with viable markets—ensuring that interventions deliver measurable value to communities across the country. 

Led by Dr Adiya Ode, the Political Director and Team Leader, the Propcom+ team expressed interest in supporting Nigeria’s ongoing reform efforts, with a particular emphasis on enhancing agricultural productivity and improving livelihoods in conflict- and climate-affected regions.

This partnership marks a crucial milestone in Nigeria’s quest for sustainable agricultural development and economic growth and is expected to have a lasting impact on the lives of millions of Nigerians.

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FG Reaffirms  Commitment  To Fostering  Enabling  Enviroment  For  Inclusive  Prosperity 

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The Federal Government has reiterated its commitment to fostering a more enabling investment climate, anchored on macroeconomic stability, structural reform, and a clear pathway to inclusive prosperity

 This assurance was given by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, at a high-level private dinner on Monday, organized by Kuramo Capital Management Lagos as part of Africa Venture Capital Week

The Minister lauded Kuramo Capital and its partners for their steadfast belief in Africa’s promise and highlighted the alignment between private capital and Nigeria’s renewed hope reform agenda. Participants recognized the vital role of blended finance and innovation in driving sustainable development. 

The evening brought together a distinguished group of global investors, development partners, and business leaders for a candid exchange on unlocking long-term capital for Africa’s growth and transformation. 

This marks Kuramo Capital’s first formal convening in Nigeria in several years, underscoring a renewed sense of commitment to deepening its strategic footprint across the continent

With this renewed commitment, the Federal Government is poised to unlock new opportunities for economic growth, investment, and inclusive prosperity, driving Nigeria’s development and improving the lives of its citizens.

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