wale edun

  1. No Immediate Plan to Enforce 5% Petroleum Tax - FG

    Nigeria No Immediate Plan to Enforce 5% Petroleum Tax - FG

    The Digest: The Federal Government has suspended plans to implement a controversial 5% Petroleum Products Tax, following intense public backlash and threats of industrial action from organised labour. Finance Minister Wale Edun confirmed the decision, emphasizing that there is no immediate...
    • Nigeria News
    • Article
    • 1 min read
    • 5% fuel tax fossil fuel tax wale edun
    • Category: Business
  2. FG Says State Revenues Doubled After Fuel Subsidy Removal

    Nigeria FG Says State Revenues Doubled After Fuel Subsidy Removal

    The Digest: The Federal Government has announced that the removal of the petrol subsidy has more than doubled the revenue for state governments. Coordinating Minister of Finance, Wale Edun, said the tough decision was necessary to restore economic confidence and redirect funds to critical...
  3. Nigeria to Clear N4trn Power Debt, Eyes $125m Loan for Roads

    Nigeria Nigeria to Clear N4trn Power Debt, Eyes $125m Loan for Roads

    The Digest: The Federal Government is moving to clear a N4 trillion debt owed to power generation companies (GenCos) as Minister of Finance, Wale Edun, submits a proposal to the FEC. Key Points: Wale Edun presented a proposal to refinance N4 trillion GenCos' debt. GenCos have warned that...
  4. AMCON’s Final Chapter: FG Instructs Asset Recovery, Time-Bound Closure

    Nigeria AMCON’s Final Chapter: FG Instructs Asset Recovery, Time-Bound Closure

    The Federal Government has officially directed the Asset Management Corporation of Nigeria (AMCON) to begin a credible and time-bound shutdown process, marking a major shift in Nigeria’s financial cleanup efforts. Finance Minister Wale Edun inaugurated AMCON’s new board this week in Abuja. The...
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