Wale Edun Reveals 25 Million Nigerians Benefit From Government Programs

Wale Edun Reveals 25 Million Nigerians Benefit From Government Programs25 Million Nigerians Benefiting from Federal Government Intervention Programs, Says Finance Minister Wale Edun

Finance Minister Wale Edun has announced that 25 million Nigerians are currently benefiting from various federal government intervention programs. These initiatives include digital outreach, microenterprise loans, and targeted support for sectors such as power and agriculture.

During his briefing to the National Economic Council (NEC) at its 145th meeting, Edun provided updates on the state of the economy. He reported that the Excess Crude Account has a balance of $473,754.57, the Natural Resources Fund totals ₦26,105,837,627.67, and the Stabilization Account stands at ₦36,299,452,763.62.

Edun emphasized the impact of the government’s economic relief measures, highlighting that 25 million citizens are benefiting from social protection initiatives, including support for manufacturing, health, and compressed natural gas (CNG) projects.

Additionally, he announced a new policy allowing Nigerians holding U.S. dollars outside the formal banking system to deposit those funds into the financial system within nine months, without facing legal penalties. This initiative aims to enhance the integration of informal funds into the economy.

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