Chairman, Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, has disclosed that between 97 and 98 per cent of Nigerian workers are exempted from the pay-as-you-earn (PAYE) tax under the new tax law. He added that the Federal Government generated about N3.36 trillion in revenue last year.
Dr. Sanusi Lamido, Emir of Kano and former Governor of the Central Bank of Nigeria (CBN), has stated that Nigerian economy is on the right path of recovery. Lamido, who stated this at the 31st Nigerian Economic Summit(NES#31) in Abuja on Tuesday evening, praised the Central Bank of Nigeria for stabilising the economy through various measures and initiatives introduced.
Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has insisted that the current economic reforms of the present administration must translate into better living conditions among Nigerians.
At a breakfast meeting during the 31st Nigerian Economic Summit Group (NESG), on Tuesday, in Abuja, Minister of Budget and National Economic Planning, Hon. Abubakar Atiku Bagudu, reaffirmed the federal government’s commitment to lifting Nigerians out of poverty, one ward at a time, stating that President Tinubu’s Renewed Hope Ward Development Programme is From Wards to Wealth, Minister Bagudu, made this disclosure in a bold National Plan to End Poverty by 2030.
The Nigerian government has set an ambitious five-year target to eliminate poverty that has more than doubled since the current administration introduced policies that have thrown more people into the poverty cycle.
On Thursday, 2nd October, 2025, the National Coordinator of the Human Capital Opportunities for Prosperity and Equity Governance Programme (HOPE-Gov), Dr. Assad Hassan, led members of the National Programme Coordination Unit to the HOPE Primary Health Care (HOPE-PHC) office for a strategic mini workshop.
The Hon. Minister of Budget and Economic Planning (FMBEP) Sen. Abubakar Atiku Bagudu CON with the new Chief Representative of JICA in Nigeria Mr. Ishigame Keiji, the Acting Permanent Secretary FMBEP Dr. Sampson Ebimaro, management Staff of the Ministry (R), the outgoing Chief Representative of JICA in Nigeria Mr. Yuzurio Susumu, members of his delegation and an aide to the Minister (L) during the courtesy visit yesterday.
The Federal Government of Nigeria is to benefit from a Five Hundred Million Dollar loan facility from the World Bank for the Human Capital Opportunities for Prosperity and Equity (HOPE) project in the country.
Federal Government on Monday trained MDAs staff drawn from Planning, Research and Statistics (PRS) departments on formulation and development of sector strategic plans in Edo.
Nigeria and China are actively deepening their partnership in economic development, which is characterized by a strong emphasis on the exchange of experiences and collaborative efforts across a variety of sectors, which are: Trade, Energy, Finance, Custom, agriculture, amongst others.