…Utomi has called for a better standard of living for Nigerians after Finance Minister Taiwo Oyedele said a government survey showed that some poor households spend as much as 120 per cent of their income on food. Oyedele made the remark during an engagement at Chatham House in London, where he discussed the cost of liv…

…In his remarks, Minister of Finance and Coordinating Minister of the Economy, Dr. Taiwo Oyedele, presented the Nigerian Economic Policy Framework, which he described as a national economic doctrine that established how Nigeria made economic decisions and measured real progress. The minister invited members of the Niger…

…the period. Last week, The Minister of Finance and Coordinating minister of the economy, Taiwo Oyedele, admitted that Nigeria’s budget projections have often been based on unrealistic expectations, resulting in actual revenue falling significantly below targets. Speaking at Chatham House in London, Oyedele said the cou…

…in the second quarter. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said on August 19 that subsidy removal saved N15.8trn between June 2023 and December 2025. Efforts by our correspondent to get the reaction of the Presidency were unsuccessful, as the Special Adviser to the President…

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has acknowledged that many Nigerians are yet to feel the benefits of the Federal Government’s economic reforms. He said the impact of macroeconomic stability must be reflected in household living conditions. Oyedele stated this on Wednesda…

…petrol discount at NNPC Limited filling stations. Recall that the Minister of Finance, Taiwo Oyedele, on October 8 proposed that petrol be sold at N1,350 per litre at NNPC Limited outlets under the planned discount initiative. However, the proposed discount had yet to be implemented at NNPC Limited filling stations as…

…— Some opposition parties and experts yesterday challenged the Minister of Finance, Taiwo Oyedele, to explain the assumptions he based his assertion that the Naira might crash to N4,000/$ should the Federal Government restore fuel subsidy. The minister had in an interview on the sidelines of the just-concluded World Ba…

…a related development, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, warned earlier this month that restoring petrol subsidy could push the pump price to at least N2,000 per litre and weaken the naira to about N3,000 per dollar within months. He argued that subsidy payments would put…

…for public transport operators, to cushion the impact on consumers. Finance Minister Taiwo Oyedele said NNPC retail would sell petrol at cost by foregoing its retail profit margin, describing the measure as temporary relief rather than a return to petrol subsidy. The government has also proposed negotiating a ceiling o…

…a meeting with the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, and the Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, on the sidelines of the 2026 International Monetary Fund, IMF, and World Bank Group Annual Meetings in Bangkok, Thailand. The meeting reviewed Nigeria…

…growth — IMF Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, who is Chairman of the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development, G-24, made the call at a press conference on the outcome of the meeting of the Group, during the ongoing…

…into the 2026 budget. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, was reported to have given a hint to that during the launch of the October 2026 edition of the World Bank’s Nigeria Development update. But we are aware that implementation of the 2026 budget, particularly with respec…

…rating at ‘B’. The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, disclosed this in a statement in Abuja on Saturday. He said that the positive outlook indicated the possibility of a rating upgrade if current economic trends and reform momentum were sustained. Oyedele said that Fitch at…

The Minister of Finance and Coordinating Minister of Economy, Taiwo Oyedele, has said Nigeria’s crude oil production constraints remain a major challenge to meeting domestic refining needs, despite President Bola Tinubu’s decision to remove the petrol subsidy in 2023. Oyedele said the country did not have enough freely…

Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said Nigeria does not currently have enough crude oil to supply the Dangote Petroleum Refinery with its daily requirement of 700,000 barrels. Oyedele explained that the country was yet to reach a production level that would enable it to me…

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on Friday clarified that President Bola Tinubu’s administration is not restoring the subsidy on petroleum products. Recall that Tinubu declared an end to the fuel subsidy regime during his presidential inauguration in Abuja in 2023. The re…

…Recall that the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, had announced a 30-day fuel price discount at all Nigerian National Petroleum Company Limited, NNPCL, filling stations across Nigeria. However, the former vice president accused the president of copying his proposal for fuel su…

…an announcement by the Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele, that the federal government was negotiating a N1,350-per-litre ceiling on petrol landing and ex-gantry costs.Under the proposed arrangement, refiners and importers would temporarily absorb costs above the ceiling and recove…

…subsidy reinstatement, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, cautioned that returning to subsidies would destabilize fiscal progress."Return subsidy, and the sequence is familiar. Weaker revenues invite a sovereign credit downgrade. As the rating agencies themselves have alrea…

…to comments by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, announcing that Nigerians would benefit from reduced petrol prices for the next month. In a statement on Thursday, ADC-PCC Director of Media and Publicity, Kola Ologbondiyan, said the decision amounted to an admission that t…

…households and businesses.Minister of Finance and Coordinating Minister of the Economy Taiwo Oyedele announced the proposal on Thursday, October 8, during a briefing in Abuja, saying existing measures had not sufficiently addressed rising fuel and transportation costs. The proposed ceiling applies to petrol supplied fr…

…were outlined by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on Thursday during a press briefing on fuel prices and the subsidy question in Abuja. The government said the measures were designed to ease the immediate burden of higher petrol prices without returning to a blanket fuel…

…at NNPC filling stations, with priority given to public transporters.Finance Minister Taiwo Oyedele made the disclosure at a press conference in Abuja on Thursday,He also said it will negotiate a landing cost for petrol that will be reviewed every month.

…Also speaking, the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, said the Series-2 transaction represented an important step towards resolving the accumulated legacy obligations that had weakened liquidity and constrained investment across Nigeria’s electricity market. According to hi…

…retaining its B3 rating. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the government’s medium-term objective was to move Nigeria firmly towards investment-grade status. “Our medium-term ambition is to place Nigeria firmly on the path to investment grade,” Oyedele said in a statement…