According to Wale Edun, Minister of Finance and Coordinating Minister of the Economy, Nigeria’s increased revenue in the 2024 fiscal year is being strategically distributed to several social intervention programs meant to raise citizens’ standards of living and meet urgent societal demands.
According to the minister, the social investment initiative aims to reach 20 million people or 60% of the world’s poorest.
Additionally, he unveiled a detailed planned agenda for economic change that aims to boost growth in important economic sectors, lower inflation, and generate jobs.
President Bola Tinubu declared during his speech on October 1, 2024, that the government’s revenue for the first half of 2024 (January to June) was over N9.1 trillion, more than twice as much as the N4.06 trillion earned during the same time in 2023.
