The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has welcomed UN-Habitat’s technical support in shaping modern, investable urban spaces while also 

underscoring the importance of land reforms in creating jobs, enhancing state-level revenue, and enabling public-private collaboration in cities overdue for structured renewal.

The Minister reaffirmed this today in his office in Abuja when he received a delegation from the United Nations Human Settlements Programme (UN-Habitat), led by the African Regional Director, Mr Mathias Spaliviero for a strategic dialogue on accelerating land reforms and sustainable urban development in Nigeria.

The conversation focused on the catalytic role of land titling, documentation, and spatial planning in unlocking investment into Nigeria’s urban infrastructure and housing sectors. 

UN-Habitat expressed strong support for the Federal Government’s renewed commitment to the Nigeria Land Titling and Documentation Programme, which is designed to improve land security, expand the tax base, and stimulate private capital flows into real estate, agriculture, and logistics.

A delegation from Renaissance Africa Energy Company Limited (RAEC) today paid a courtesy visit to the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, at his office in Abuja, as part of ongoing engagement with strategic indigenous players in Nigeria’s energy sector.

The delegation was led by Dr. Layi Fatona, Chairman of RAEC, alongside Engr. Tony Attah, the company’s Managing Director and Chief Executive Officer. The purpose of the visit was to formally brief the Minister on RAEC’s recent acquisition and operational takeover of Shell Petroleum Development Company’s (SPDC) onshore assets in Nigeria.

During the meeting, the RAEC leadership shared key updates, highlighting that since assuming control of the assets, the company has ramped up production to over 200,000 barrels per day—a major milestone for both RAEC and the broader Nigerian oil and gas industry.

Dr. Fatona and Engr. Attah reaffirmed RAEC’s full alignment with the Federal Government’s economic priorities, particularly in revenue generation, job creation, and upstream expansion. They reiterated their long-term commitment to community engagement and responsible energy development.

In his remarks, Minister Edun warmly welcomed the delegation and applauded the operational strides made by RAEC. He noted that the increasing participation of Nigerian-owned companies in key sectors reflects a broader shift toward homegrown solutions and inclusive economic growth.

The Minister reiterated President Bola Tinubu’s commitment to fostering a level playing field for all private sector actors and stressed the importance of sustained collaboration between government and industry to deliver long-term value to the nation.

The meeting concluded with a shared understanding of the vital role indigenous firms like RAEC will play in Nigeria’s energy transition and macroeconomic advancement.

The Federal Government has reaffirmed its commitment to fostering a conducive business environment where innovation, transparency, and capital investment can flourish.

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, gave the assurance today in his office in Abuja during a courtesy visit by esteemed businessman and philanthropist, Mr Femi Otedola.

Also present at the meeting was the Honourable Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, underscoring the coordinated efforts of the economic management team to strengthen private sector engagement.

The Ministers and Mr Otedola engaged in a robust discussion on Nigeria’s evolving investment climate, particularly the expanding opportunities in banking and power, including renewable energy. Mr Otedola commended President Bola Ahmed Tinubu’s bold economic reform agenda and expressed renewed confidence in the direction of policy under the current administration.

He noted that the improving macroeconomic conditions, enhanced regulatory clarity, and pragmatic fiscal measures are not only restoring investor confidence but also creating more level ground for both established conglomerates and emerging enterprises to thrive.

The business tycoon affirmed the readiness of major Nigerian investors, including himself, to increase their commitments in sectors critical to inclusive growth and national competitiveness.

The gathering reflects the Federal Government’s determination to work hand in hand with the private sector to drive sustainable economic growth and equitable development across the country.