Minister of Finance Edun Announces Plans to Increase VAT on Luxury Goods to 15%
The Nigerian government, led by Finance Minister Wale Edun, has announced plans to increase the Value Added Tax (VAT) on luxury goods to 15%. This change is part of a new bill currently being reviewed by the National Assembly. Edun explained that while luxury items will face this tax hike, essential goods needed by low-income […]
Nigerian Government Confident Banditry and Insurgency Will End Soon
The Nigerian government has once again assured the nation that the ongoing issues of banditry and insurgency will soon come to an end. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, made this statement while leading a presidential delegation to Yobe State. The delegation was there to express sympathy with the […]
Nigeria’s Leaders Attend 2024 China-Africa Summit in Beijing
Nigeria’s top leaders have gathered in Beijing, China, for the 2024 Summit of the Forum for China-Africa Cooperation. This significant event brings together key figures from across Africa to discuss and strengthen ties with China. Among those representing Nigeria are President Bola Ahmed Tinubu, Governor AbdulRahman Abdulrazaq, who also serves as the Chairman of the […]
State House Lists Buhari, Osinbajo As Heads Of Economy, Security On Webpage
Over a year into President Bola Tinubu’s administration, the State House website continues to display outdated details from the previous government. Former Vice President Yemi Osinbajo remains listed as the head of the Economic Management Team, despite his position ending with the last administration. Likewise, the agriculture and security policy pages still reference former President […]
President Tinubu Orders Finance Minister Wale Edun to Present New Minimum Wage Plan in 48 Hours
President Tinubu has instructed Finance Minister Wale Edun to create a new plan for minimum wage within 48 hours after reaching an agreement with labor unions. Information Minister Mohammed Idris announced this on Tuesday, June 4, after a meeting with the president at Aso Rock, speaking to journalists at the State House. Idris mentioned that […]