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Edun Meets Microsoft Delegation, Assures Conducive Business Environment For Multinational Tech Giants

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Joel Ajayi

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has  assured of government’s dedication and commitment towards creating a conducive business environment that will enable multinational companies to expand their investments in the country with a view to contributing to the nation’s economic growth and development.

He Edun gave the assurance when he received and met with a delegation in his office in Abuja from Microsoft Nigeria, led by the Country Manager Nigeria, Olatomiwa Williams.

The Minister welcomed Microsoft’s commitment to Nigeria and emphasized the administration’s understanding of the strategic importance of sector leaders like Microsoft.

The meeting, he said, marks a significant step forward in fostering a collaborative relationship between the federal government and multinational technology companies, driving economic development and innovation in Nigeria.

Speaking earlier, Microsoft Country Manager for Nigeria,  Olatomiwa Williams, stated that the team was on the visit to address recent media reports and explore potential areas of collaboration between the federal government and the technology giant.

 The Managing Director reassured the Minister that Microsoft remains committed to its operations in Nigeria, contrary to recent speculation.

He expressed the company’s desire to partner with the government in areas of mutual interest, including cyber security and youth upskilling.

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Business

FG Holds Stakeholders Engagement on Implementation of Revenue Assurance and Disbursement Solution

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Joel Ajayi

 In its avowed determination to ensure enhanced financial transparency,  accountability, and prudent revenue management, the Federal Government has conveyed a stakeholder engagement meeting in Abuja chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun on the Implementation of Revenue Assurance and Central Disbursement Solutions for Federal Government Ministries, Departments and Agencies (MDAS) as well as FG-Owned Enterprises.


The deployment of a central revenue system is designed to enhance financial transparency and accountability concerning direct payments to beneficiaries and the direct deduction of what is due to the Federal Government.


Once implemented, the Government Integrated Financial Management Information System (GIFMIS) and non-GIFMIS platforms will monitor revenue generation and provide a consolidated dashboard of the revenue situation for all Federal Government-owned enterprises.


Key stakeholders, including the SA to the President on Energy, the SA to the President on ICT, the Central Bank of Nigeria (CBN), the Office of the Accountant General of the Federation (OAGF), and the Nigeria Inter-Bank Settlement System (NIBSS) participated in the meeting.

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