News Formal

Nigeria’s net inflow hits about $2.35bn – Finance Minister, Edun

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 24 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 59%

Edun News

Finance Minister

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said Nigeria's currency, the Naira, is relatively stable as the country now records about $2.35 billion as net inflow into the Central Bank foreign reserves. Edun disclosed this recently while speaking at the Access Bank annual cooperate forum of 2024 in Lagos.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said Nigeria's currency, the Naira, is relatively stable as the country now records about $2.35 billion as net inflow into the Central Bank foreign reserves. Edun disclosed this recently while speaking at the Access Bank annual cooperate forum of 2024 in Lagos. The Minister stressed that the net inflow was recorded in the first seven months of 2024.

There has been a net inflow in the first seven months of this year of about $2.35 billion every month. “On the fiscal side as well, government revenues are growing and the key to government revenue is not so much that the government has revenue to compete with the private sector. “It’s the fundamentals, the social and the key infrastructure spending. The social safety net spending. And historically, our figures are low. Our tax-to-GDP ratio is as low as 10 percent.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

VAT remains 7.5% in Nigeria – Finance Minister, EdunNigeria's Minister of Finance, Wale Edun, on Monday, dismissed reports making the rounds that the rate for Value-Added Tax, VAT, has been adjusted to 10 percent from 7.5 percent.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Finance Minister Wale Edun reacts to Atiku’s claims on VATFinance minister Wale Edun says claims by Atiku and other critics on VAT are false and unwarranted.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

UPDATED: Finance Minister reacts to Atiku’s claims on VATFinance minister Wale Edun says claims by Atiku and other critics on VAT are false.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Labour Party crisis continues as ex-finance minister heads caretaker committeeThe party leaders formed a 29-man caretaker committee, urging it to organise ward, local government, state congresses and national convention of the party within 90 days.
Source: PremiumTimesng - 🏆 3. / 78 Read more »