The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has promised improved welfare packages for staff of the Federal Ministry of Finance while charging them to increase productivity to boost the nation’s economic growth.

Speaking during a courtesy visit by representatives of the Association of Senior Civil Servants of Nigeria (ASCSN) and the Ministry’s Joint Union Council (JUC) in Abuja, Edun reaffirmed the government’s commitment to creating a conducive work environment that will empower staff to deliver on the President Bola Tinubu administration’s Renewed Hope Agenda.
The Director of Information and Public Relations in the ministry, Muhammed Manga in a statement quoted Edun to have indicated,
“The success of this administration’s economic policies depends on the dedication and performance of the public sector. We are committed to supporting staff welfare and ensuring a work environment that promotes efficiency,” Edun stated.

The Minister also urged the staff to work diligently, noting that the Ministry plays a key role in the full implementation of federal government policies aimed at driving sustainable economic development.

In his address, Comrade Nuhu Abubakar Bah, Chairman of ASCSN, commended the Tinubu administration for its recent handover of Compressed Natural Gas (CNG) buses, a step toward alleviating the impact of fuel subsidy removal on Nigerians.
He also called for improvements in working conditions, better remuneration, and more opportunities for professional development.

Edun assured the union representatives of continued collaboration, pledging that the welfare of staff would remain a top priority under his leadership.
He reiterated the need for employees to focus on their deliverables with discipline and commitment, adding that the government is focused on long-term economic stability.

The meeting signified the Ministry’s commitment to strengthening the workforce as a critical driver of Nigeria’s economic growth, with Edun highlighting the importance of staff productivity in meeting the country’s macroeconomic goals.

In a significant move to rejuvenate Nigeria’s oil and gas industry, the Federal Government has introduced two major fiscal incentives aimed at boosting both the upstream and downstream sectors.
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, announced the new measures on Wednesday
Director of Information and Public Relations, Mohammed Manga in a statement indicated that the initiatives which include the Value Added Tax (VAT) Modification Order 2024 and the Notice of Tax Incentives for Deep Offshore Oil & Gas Production, were designed to attract investment, lower operational costs, and support energy transition efforts.
The statement explained that the VAT Modification Order 2024 exempts several critical energy products and infrastructure from VAT.
“These include Diesel, Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), Electric Vehicles, Liquefied Natural Gas (LNG) infrastructure, and Clean Cooking Equipment.
“The aim is to reduce energy costs, promote energy security, and encourage a shift toward cleaner energy solutions in Nigeria.
The statement indicated that the Notice of Tax Incentives for Deep Offshore Oil & Gas Production introduces new tax reliefs for deep offshore oil and gas projects.
“These incentives are expected to attract significant foreign investment to Nigeria’s deep offshore basin, positioning the country as a premier destination for global oil and gas exploration.
According to the statement the reforms are part of the broader economic agenda driven by President Bola Ahmed Tinubu, under Policy Directives 40-42.
“They signal the administration’s commitment to fostering sustainable growth, improving energy security, and ensuring Nigeria remains competitive on the global oil and gas stage.
“With these bold initiatives, Nigeria is firmly on track to reclaim its position as a leader in the global oil and gas market.
“These fiscal incentives demonstrate the administration’s unwavering commitment to fostering sustainable growth, enhancing energy security, and driving economic prosperity for all Nigerians.”

In a strategic move to boost national revenue and revitalize the economy, the Federal Government has officially launched Project Phoenix, a comprehensive initiative aimed at improving revenue generation and collection within the lottery and gaming sector.

At the inaugural meeting of the Joint Committee for the Implementation of the Revenue Assurance Platform (RAP), held in Abuja and presided over by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, the government outlined its vision for Project Phoenix.
Director, Information and Public Relations, Mohammed Manga in a statement indicated that the initiative is designed to establish a more transparent and efficient system for collecting government revenues, ensuring regulatory compliance, and safeguarding consumers from fraud.

The statement enumerated Key objectives of the project to include recovering outstanding revenues from operators, strengthening the regulatory framework of the sector, and implementing advanced monitoring and revenue assurance systems.
The efforts he pointed out are expected to maximize government earnings and improve transparency in the lottery and gaming industries.

In his address, Mr. Edun emphasized the importance of domestic resource mobilization to support Nigeria’s economic recovery and key social programs.
He reiterated that the lottery and gaming sector holds significant potential for revenue generation and that Project Phoenix, through the Revenue Assurance Platform (RAP), which will ensure effective revenue collection and protection for consumers.

The Minister called on committee members to work collaboratively in executing the project’s goals, assuring them of the Federal Government’s full backing to ensure success.
He further noted that the initiative is a testament to the government’s commitment to enhancing transparency, accountability, and economic growth.

As the lottery and gaming sector continues to expand, Project Phoenix is expected to play a pivotal role in driving socio-economic development, making Nigeria’s gaming industry a significant contributor to the nation’s financial landscape.