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WALE EDUN
Wale Edun, Nigeria's Minister of Finance and Coordinating Minister for the Economy, has disclosed ongoing negotiations with the World Bank to secure a $1.5 billion concessionary loan for budgetary support.
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has been appointed as the Chairman of the African Governors’ Forum of the World Bank.
Mr. Wale Edun has stated that, after China and India, Nigeria is the largest economy that investors are pursuing.
Wale Edun has said that the government led by President Bola Ahmed Tinubu will prioritize utilizing internal resources, steering away from increasing the national debt burden.
Minister of Finance, Wale Edun, has assured Nigerians that solution to the foreign exchange crisis in the country is underway.
Nigeria's Finance Minister, Adebayo Olawale Edun, has attributed the naira's incessant decline to approximately $6.8 billion in overdue forward payments within the foreign exchange market, according to Bloomberg.
The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.
Some financial experts have said that for the Nigerian Government to reduce borrowing, it needs to address the issue of insecurity.
Nigerians have taken to X app (Twitter) to criticize Minister of Finance, Wale Edun saying he should stop blaming past governments on the state of the economy.
President Bola Tinubu's administration has revealed that it inherited a bad economy with an unacceptably high rate of unemployment and skyrocketing inflation.
President Bola Ahmed Tinubu has appointed the former Commissioner of Finance in Lagos State, Wale Edun, as the Minister of Finance and Coordinating Minister of the Economy.
The special adviser on monetary policy to President Bola Tinubu and Ministerial nominee has said the current exchange rate of the naira to the dollar is not backed by fundamentals of the Nigerian economy but by speculation.