Latest news with #WaleEdun
Zawya
a day ago
- Business
- Zawya
Nigeria, Japan strengthen food security ties with $110mln JICA facility
In a bid to bolster Nigeria's food security, the Federal Government has strengthened its collaborative initiative with the Japan International Cooperation Agency (JICA). This partnership is aimed at supporting the country's food production systems and enhancing resilience amid global supply challenges. The initiative took a significant step forward as the Minister of Finance and Coordinating Minister of the Economy, Wale Edun and the Minister of Agriculture and Food Security, Senator Abubakar Kyari, met with senior representatives of JICA to advance the implementation of the Food Security Emergency Loan Support Programme. The JPY 15 billion facility (approximately $110 million) aims to support Nigeria's food production systems and enhance resilience amid ongoing global supply challenges. With the rainy season now underway, both Ministers emphasised the importance of swift, coordinated action to maximise impact for farmers and rural communities. JICA welcomed the government's commitment to delivery and requested formal clarification on proposed implementation adjustments. It was jointly agreed that core production activities would proceed immediately under the existing framework, while additional components, such as aggregation and financing, would be reviewed in line with the original loan agreement. This partnership underscores the commitment of both governments to addressing food security challenges and improving the livelihoods of millions of Nigerians, while also driving economic growth and development in the country. Copyright © 2022 Nigerian Tribune Provided by SyndiGate Media Inc. (
Zawya
a day ago
- Business
- Zawya
Nigeria: Land reforms key to unlocking state-level revenue potential, job creation — Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has welcomed UN-Habitat's technical support in shaping modern, investable urban spaces. Also, he underscored the importance of land reforms in creating jobs, enhancing state-level revenue, and enabling public-private collaboration in cities overdue for structured renewal. The minister reaffirmed this in his office in Abuja when he received a delegation from the United Nations Human Settlements Programme (UN-Habitat), led by the African Regional Director, Mathias Spaliviero for a strategic dialogue on accelerating land reforms and sustainable urban development in Nigeria. Mohammed Manga, Director, Information and Public Relations said the conversation focused on the catalytic role of land titling, documentation, and spatial planning in unlocking investment into Nigeria's urban infrastructure and housing sectors. UN-Habitat expressed strong support for the Federal Government's renewed commitment to the Nigeria Land Titling and Documentation Programme, which is designed to improve land security, expand the tax base, and stimulate private capital flows into real estate, agriculture, and logistics. Copyright © 2022 Nigerian Tribune Provided by SyndiGate Media Inc. (
Zawya
27-05-2025
- Business
- Zawya
ICIEC pledges to support Nigeria's economic agenda
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), has pledged to support Nigeria's economic agenda by de-risking major infrastructure investments and unlocking financing for private sector-led development. The Director of Legal Affairs of ICIEC, Mr Hassan Idris, reaffirmed ICIEC's commitment to supporting Nigeria's economic agenda, when he led a high-level delegation from the Corporation to visit the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Monday in his office in Abuja. Idriss highlighted ICIEC's readiness to provide credit and political risk guarantees that can catalyse both domestic and international capital flows into projects that drive growth and job creation. Earlier, Edun explained the Federal Government's economic blueprint as part of efforts to deepen financial collaboration and accelerate the delivery of priority infrastructure across the country. The Minister emphasised the importance of leveraging risk mitigation tools to crowd in private investment, particularly in sectors such as energy, transportation, and housing. Mr. Edun said, 'We appreciate ICIEC's continued support for initiatives that directly improve productivity and livelihoods. By backing commercially viable, socially impactful infrastructure, ICIEC is helping Nigeria build a more inclusive economy, one where the private sector is empowered to create jobs and drive innovation'. Mohammed Manga, Director, Information and Public Relations, said the visit marks a renewed commitment to aligning financial instruments with President Bola Ahmed Tinubu's infrastructure priorities and signals stronger cooperation in mobilising resources that deliver real, measurable benefits to the Nigerian people.
Ya Biladi
22-05-2025
- Business
- Ya Biladi
US eyes investment In Nigeria-Morocco gas pipeline
The United States has shown strong interest in the gas pipeline project linking Morocco to Nigeria, according to media reports from Abuja. The Trump administration is showing «interest in investing in the Nigeria-Morocco Gas Pipeline (NMGP) project», said Nigeria's Minister of Finance and Economy, Wale Edun, during a press conference. This week, the minister visited Washington to attend the 2025 Spring Meetings of the International Monetary Fund and the World Bank. His Moroccan counterpart, Nadia Fettah Alaoui, also participated in the gatherings. The project enjoys the backing of Nigeria's federal government, in contrast to the difficulties faced by the Nigeria-Niger-Algeria pipeline, which has been hampered by crises in the Sahel and strained relations between Abuja and Niamey, and more recently between Niamey and Algiers. As a reminder, Amina Benkhadra, Director General of the National Office of Hydrocarbons and Mines (ONHYM), presented the significant progress of the West African Gas Pipeline (WAGP) on March 6 in Washington. Her presentation took place during an event organized by an American think tank on the sidelines of the «Powering Africa Summit», which focused on energy partnerships between the United States and Africa.
Zawya
16-05-2025
- Business
- Zawya
Nigeria formally joins European Bank for reconstruction, development
Nigeria has been formally admitted as a member of the European Bank for Reconstruction and Development (EBRD), marking a significant step towards boosting private sector access to international capital and supporting the country's long-term economic transformation. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun led a high-level delegation to the EBRD 2025 Annual Meetings in London, where Nigeria's accession was formalized. Speaking at the Board of Governors' Plenary Session, Edun described Nigeria's membership as a strategic milestone aligned with President Bola Ahmed Tinubu's Renewed Hope Agenda. 'This is a proud day for Nigeria. Our accession to the EBRD marks a critical milestone in our economic reform journey. 'We are committed to building a transparent, rules-based economy that unlocks private investment and accelerates inclusive growth,' Edun stated. With over 80 percent of its financing directed towards the private sector, the EBRD plays a pivotal role in supporting entrepreneurship, SMEs, and large-scale investments across key sectors. Nigeria's membership opens new opportunities for local businesses to access development finance and technical expertise across priority areas such as energy transition, infrastructure, agriculture, and digital innovation. The Minister also held high-level bilateral meetings with delegations from France and the United States, reinforcing Nigeria's position as an active and trusted partner in global economic governance. Held under the theme 'Expanding Horizons, Enduring Strengths,' the 2025 EBRD Annual Meetings brought together leaders from over 70 economies to advance dialogue on inclusive growth, resilience, and sustainable development. In a statement, Mohammed Manga, Director, Information and Public Relations said as Nigeria embarks on this new chapter of economic cooperation with the EBRD, the country is poised to leverage the Bank's expertise and resources to drive sustainable growth, create jobs, and improve the lives of its citizens. He noted that with this strategic partnership, Nigeria is set to unlock new opportunities for economic transformation, cementing its position as a key player in global economic governance.
