• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, June 4, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

FG Okays Economic Stabilisation Bill to Boost Liquidity, Jobs

by Jonathan Nda-Isaiah
8 months ago
in News
economic stabilisation bill
Share on WhatsAppShare on FacebookShare on XTelegram

The federal government has approved the Economic Stabilization Bill, which aims to boost liquidity and create employment opportunities across Nigeria.

Advertisement

The bill, expected to be submitted to the National Assembly shortly, seeks to amend the Foreign Exchange Act. It focuses on promoting electronic transactions over cash payments to increase liquidity within the economy.

Speaking to State House correspondents after the Federal Executive Council meeting, which was presided over by President Bola Ahmed Tinubu, Finance Minister Wale Edun explained that the bill grants the Central Bank of Nigeria greater powers to attract international funds and facilitate foreign exchange transactions.

“It gives the Central Bank even greater ability to bring in and attract funds such as the money from international money transfer organisations and others that want to transact foreign exchange business and, in fact, remit funds to Nigeria,” he said.

The bill also introduces changes to the Companies Income Tax Act, aimed at encouraging Nigerians to offer services to foreign companies without needing those businesses to be physically registered in Nigeria.

RELATED

Aide Dismisses Gov Adeleke’s Alleged Plan To Dump PDP For APC

Aide Dismisses Gov Adeleke’s Alleged Plan To Dump PDP For APC

13 minutes ago
Nigeria Is Highest Recipient Of Intervention Aid In Africa — Bill Gates

Bill Gates Set 20 Years To End Malaria In Africa

31 minutes ago

This, according to Edun, will open new avenues for employment, income, and entrepreneurship.

“Nigerians with the skills, the expertise and the relevant relationships will be able to stay in Nigeria, and provide services to foreign companies at home… opening up a whole vista of employment opportunities, income opportunities, and entrepreneurship opportunities,” he added.

Additionally, the minister revealed that the bill includes amendments to the Fiscal Responsibility Act, particularly concerning managing surpluses by government-owned enterprises.

“There are changes to the Fiscal Responsibility Act… that affect, in particular, government-owned enterprises and how they are to share their surpluses and put in place reserve funds,” he explained.

If passed by the National Assembly, the proposed reforms are expected to contribute to Nigeria’s economic stability and long-term growth.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



Tags: Economic DevelopmentFederal Government
SendShareTweetShare
Previous Post

Wike, FIRS Chair, NACCIMA Clamour For Business Enabling Climate In Abuja

Next Post

World Rivers Day: FG Warns Against Pollution, Misuse Of Rivers

Jonathan Nda-Isaiah

Jonathan Nda-Isaiah

You May Like

Aide Dismisses Gov Adeleke’s Alleged Plan To Dump PDP For APC
News

Aide Dismisses Gov Adeleke’s Alleged Plan To Dump PDP For APC

2025/06/04
Nigeria Is Highest Recipient Of Intervention Aid In Africa — Bill Gates
Health

Bill Gates Set 20 Years To End Malaria In Africa

2025/06/04
Tribunal Upholds Aiyedatiwa’s Victory As Ondo Gov
News

Tribunal Upholds Aiyedatiwa’s Victory As Ondo Gov

2025/06/04
EFCC, NDLEA Joint Raid On KWASU Students Inginite Crisis In Kwara Community
News

CBEX Scam: EFCC Declares 2 Nigerians Wanted

2025/06/04
Why Nigeria Needs A New Mega Party – Utomi
News

DSS Not Interested In Arresting Utomi, Anyone Over Shadow Gov’t

2025/06/04
natasha
News

My Phone Line Cloned To Malign Prominent Nigerians, Says Akpoti-Uduaghan

2025/06/04
Leadership Conference advertisement

LATEST

Aide Dismisses Gov Adeleke’s Alleged Plan To Dump PDP For APC

Bill Gates Set 20 Years To End Malaria In Africa

Tribunal Upholds Aiyedatiwa’s Victory As Ondo Gov

CBEX Scam: EFCC Declares 2 Nigerians Wanted

DSS Not Interested In Arresting Utomi, Anyone Over Shadow Gov’t

My Phone Line Cloned To Malign Prominent Nigerians, Says Akpoti-Uduaghan

A-BNB Global, John Bosco Institute Flag Off NYESAF Masonry Training

Court Remands Kano TikToker Over Cross-dressing, ‘Indecent’ Social Media Content

Edo Gov’t To Crack Down On Lounges, Clubs Others Without Valid Permits

Natasha: Court Orders Substituted Service On Akpabio In N100bn Defamation Suit

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.