By Jemimah Wellington, JKNewsMedia Correspondent NIGERIA’s PRESIDENT Bola Tinubu has reaffirmed that his administration’s N200 billion intervention funds for micro, small, and medium enterprises (MSMEs) and manufacturers was designed to restore competitiveness, deepen productivity, and ease structural bottlenecks confronting Nigerian bu...
By Helen Okechukwu, JKNewsMedia THE NIGERIAN Guild of Editors (NGE) has raised alarm over the growing hardship confronting citizens, citing the strain of economic reforms, persistent insecurity, the crisis in education, and increasing threats to press freedom. In a communiqué released at the end of its Standing Committee Meeting in Owerri, Im...
By Jemimah Wellington, JKNewsMedia Correspondent THE NATIONAL Single Window (NSW) Steering Committee has been instructed by President Bola Tinubu to ensure that the digital trade facilitation platform becomes fully operational by the first quarter of 2026. The directive was conveyed during the committee’s fifth meeting at the State House, Abu...
By Jemimah Wellington, JKNewsMedia Correspondent MAJOR STATISTICAL recalibration has reshaped the economic outlook following the release of the rebased Gross Domestic Product (GDP) figures by the National Bureau of Statistics (NBS), with 2019 adopted as the new base year. The revised data puts the nominal GDP for that year at ₦205.09 trillion...
By Jemimah Wellington, JKNewsMedia Reporter TOTAL DISBURSEMENT from April 2025 revenue reached ₦1.681 trillion as the Federation Account Allocation Committee (FAAC) distributed funds across all tiers of government. FAAC, chaired by Finance Minister and Coordinating Minister of the Economy, Wale Edun, disclosed that the sum was distributed fro...
By Ajibola Olaide, JKNewsMedia Reporter THE FEDERATION Account Allocation Committee (FAAC) disbursed N1.578 trillion to Nigeria’s federal, state, and local governments as revenue for March 2025, drawn from a gross pool of N2.411 trillion. The allocations, agreed during FAAC’s April 2025 meeting in Abuja and chaired by Minister of Finance and ...
By Bola BOLAWOLE THE WOMAN looked askance as she was told the latest prices of the food items she had come to the market to buy. “Everything too cost”, she moaned. Another woman haggling with the next seller interjected: “No be say dem too cost; na every day dem price too dey go up.” “Every […]
By Jemimah Wellington, JKNMedia Reporter FINANCE MINISTER Wale Edun announced significant improvements in Nigeria’s fiscal management. He revealed that the country’s debt service ratio dropped from 97% in June 2023 to 68% in 2024. This reduction allows the government to allocate more funds to infrastructure, education, healthcare, ...
By Joke Kujenya A SERIES of economic measures were announced President Bola Tinubu on Thursday aimed at stabilizing the economy, creating jobs, and ensuring economic security. He introduced these initiatives at the inauguration of the Presidential Economic Coordination Council (PECC), which will run alongside the recently launched National Con...
By Joke Kujenya A SIGNIFICANT improvement has been announced in the country’s economic indicators, revealing a 15% reduction in total debt stock in US dollar terms for the first quarter of 2024. The announcement came via the Finance Minister, Wale Edun, after a Federal Executive Council (FEC) meeting presided over by President Bola Tinub...
