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

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.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

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.
Herkunft: DailyPostNGR - 🏆 11. / 59 Weiterlesen »

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.
Herkunft: PremiumTimesng - 🏆 3. / 78 Weiterlesen »

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

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.
Herkunft: PremiumTimesng - 🏆 3. / 78 Weiterlesen »