The Nation Newspaper JUST IN: Nigerian economy grew by 2.9%, says Edun
Nigeria’s economy is on an upward trajectory, growing at a rate of 2.98 percent in the first quarter of this year and surpassing both the population growth rate of 2.4 percent and last year’s GDP growth rate of 2.31 percent.Edun attributed this growth to the effective policies and strategies initiated by President Bola Tinubu’s administration.
Edun expressed optimism that a good wet season would further reduce inflation by increasing food availability. In detailing the Ministry of Finance’s efforts to deliver on the President’s agenda, Edun highlighted several key initiatives.As the chair of the presidential panel on social investment programmes, Edun announced the restart of direct payments to the poorest households.
Moreover, Nigeria has cleared outstanding payments, including a $200 million shareholding in the Islamic Development Bank, which has restored international confidence and national pride.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Edun: FG committed to creating conducive business environment for investorsWale Edun, minister of finance, says the federal government (FG) is committed to creating a conducive business environment for foreign investors.
Read more »
Edun inaugurates NAICOM BoardThe Nation Newspaper Edun inaugurates NAICOM Board
Read more »
Edun woos foreign investors with growing marketThe Nation Newspaper Edun woos foreign investors with growing market
Read more »
Wale Edun: FG committed to pensioners' welfare amid economic reformsWale Edun, minister of finance, says the federal government is committed to the welfare of pensioners 'amid essential economic reforms'.
Read more »
Pension: Edun calls for digitisation to guarantee transparencyThe Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, Wednesday, insisted on digitisation of pension administration in the country, to guarantee transparency.
Read more »
Cheaper CNG buses to slash transportation costs, curb InflationThe Nation Newspaper Cheaper CNG buses to slash transportation costs, curb Inflation - Edun
Read more »