Mr Edun said the move is part of efforts by the fiscal authorities to complement the efforts of the monetary policy authorities and drive necessary economic reforms.
Rising Waters, Sinking Dreams: Devastating impact of floods on Maiduguri local businessesDeluge of Death: Flood leaves Nigerian community in ruinsLG autonomy: The mess gets messier, By Zainab Suleiman OkinoFloodwaters of Famine: Maiduguri deluge exacerbates Nigeria’s food crisisIreti Kingibe’s claims on first-year constituency projects in FCT had more flaws than factsAll Roar and No Bite: Exposing Nigeria’s Paper Tiger Election LawsThe fallacy of luck in the pursuit of success, By Mohammed...
Mr Edun said there was a move to de-dollarise the Nigerian economy and improve demand for the local unit. Support journalism driven by facts, created by Nigerians for Nigerians. Our thorough, researched reporting relies on the support of readers like you.Why Nigeria, others must take realistic approach to climate change – Edun
At Premium Times, we firmly believe in the importance of high-quality journalism. Recognizing that not everyone can afford costly news subscriptions, we are dedicated to delivering meticulously researched, fact-checked news that remains freely accessible to all.
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.
High Tariff: Nigerian ministers, others to speak on electricity crisis in Nigerian schoolsThe summit, organised by the Education Writers’ Association of Nigeria (EWAN), is aimed at addressing the escalating conflicts between tertiary institutions and electricity distribution companies (Discos) due to high electricity tariff.
Read more »
Petrol subsidy cost Nigeria 5% of its GDP, says Wale EdunWale Edun, minister of finance and coordinating minister of the economy, said the petrol subsidy cost the country about 5 percent of its gross domestic product (GDP).
Read more »
Edun, Cardoso, others attend G-24 Governors, Ministers’ meetingsThe meeting also had in attendance the Director of G-24 Secretariat, Iyabo Masha, and numerous other top officials and members of the G-24 bloc.
Read more »
Nigeria needs to increase oil production to boost FX supply, says Wale EdunWale Edun, the minister of finance and coordinating minister of the economy, says Nigeria needs to raise oil production to address foreign exchange (FX) supply issues.
Read more »
NNPC to soon clear $6bn petrol supply debt, says Wale EdunWale Edun, the minister of finance and coordinating minister of the economy, says the Nigerian National Petroleum Company (NNPC) has commenced the process of paying the $6 billion debt owed to suppliers.
Read more »
Wale Edun: FG will financially support 20m Nigerians from increased revenueWale Edun says revenue generated by the government will be used to fund social intervention programmes that will benefit 20 million Nigerians.
Read more »