The federal government has cleared N39.6 billion in longstanding pension arrears, bringing relief to thousands of retirees under the defined benefit scheme.
The minister described Nigeria’s borrowing profile as favourable.
“RevOp serves as a critical tool in the government’s drive to improve revenue administration, reduce leakages, and enhance public sector accountability,” he said.
The UK also announced deeper collaboration on Nigeria’s digital economy through the SPRIRET initiative, delivered under the UK’s Digital Access Programme.
He said the projects included the Second Niger Bridge Access Road, Enugu-Onitsha Road, and the Enugu-Port Harcourt Expressway.
The initiative is expected to protect insurance policyholders in the event of insurer distress or failure.
We may quibble about the real backstory all day, and the full version may never be known publicly, but one man who comes out looking good from this is the president.
“For instance, a basket of tomatoes that sold for about ₦18,000 previously now goes for as low as ₦5,000 in many markets,” Mr Egoh.
Mr Edun reinforced the federal government’s commitment to attracting foreign capital.
He said youths remained central to Nigeria’s economic repositioning.
