Femi Olaiya

The future of the Nigerian economy rests largely on SMEs and Entrepreneurs, BizInsightToday seeks to provide information that will help grow and develop them.

[Taiwo Oyedele @taiwoyedele]

𝐀𝐬𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐎𝐟𝐟𝐢𝐜𝐞 𝐚𝐧𝐝 𝐂𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭 𝐭𝐨 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐑𝐞𝐟𝐨𝐫𝐦

I formally assumed office yesterday as the Minister of Finance and Coordinating Minister of the Economy, following a handover from my predecessor, Mr. Wale Edun. I sincerely appreciate him for his service to our country and the foundation he has laid.

Nigeria is at a critical juncture. Having taken important steps to stabilise the economy, our immediate task is to consolidate these gains, deepen ongoing reforms, and ensure they translate into tangible benefits for all Nigerians.

Our strategic priorities include:

𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐯𝐢𝐭𝐲 & 𝐆𝐫𝐨𝐰𝐭𝐡 - creating a predictable and investor-friendly environment anchored on policy coherence, consistency, and clarity.

𝐅𝐢𝐬𝐜𝐚𝐥 𝐃𝐢𝐬𝐜𝐢𝐩𝐥𝐢𝐧𝐞 & 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 - ensuring transparent and prudent management of public resources.

𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐎𝐩𝐭𝐢𝐦𝐢𝐬𝐚𝐭𝐢𝐨𝐧 & 𝐅𝐚𝐢𝐫 𝐓𝐚𝐱𝐚𝐭𝐢𝐨𝐧 - harmonising revenue administration, broadening the tax base, reducing the burden on vulnerable population, and supporting economic growth.

𝐒𝐭𝐫𝐨𝐧𝐠𝐞𝐫 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐂𝐨𝐨𝐫𝐝𝐢𝐧𝐚𝐭𝐢𝐨𝐧 - aligning efforts across all tiers and institutions to maximise policy impact.

𝐏𝐮𝐛𝐥𝐢𝐜 𝐏𝐨𝐥𝐢𝐜𝐲 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 (𝐏𝐏𝐏𝐏) - deepening collaboration with the private sector and other key stakeholders for data-driven policy design, co-implementation, and feedback for continuous improvement.

Good policy design alone is not enough, success will be defined by execution. We are committed to disciplined implementation, accountability, and measurable results.

I look forward to working with colleagues across government, the private sector, and all Nigerians as we move from reform to result, accelerate growth and build a more stable, inclusive, and prosperous economy.

[Femi Olaiya @BIzInsightToday]

Well said

[Wale Tinubu CON @AdewaleTinubu]

I often joke that I have only ever had one job. What I rarely mention is that, in my early thirties, I was building two businesses simultaneously. Not long after the Unipetrol acquisition, a small group of us saw the opportunity to apply for a GSM license. From 8:00am to 8:00pm, I focused on growing the energy business.

The nights, starting from 8:00pm, belonged to telecoms. Seven of us worked until 2:00am daily, refining the bid, aligning partners, and preparing for an outcome that was far from guaranteed.
We won that license, launched, and later exited. Today, that telecom company is known as Airtel.

What's the lesson? Youth is an execution advantage. At that stage of life, sustaining 18-hour workdays repeatedly was possible. Not only because of motivation, but because of capacity.

There is a surplus of energy and tolerance for uncertainty at that stage. Over time, that edge diminishes.

If you are early in your career, this is the period to use that advantage. Take the risk. Endeavour.

#jatnotes #winning

[Femi Olaiya @BIzInsightToday]

@LuxVibe_ 22

[Femi Olaiya @BIzInsightToday]

@lady_valor_07 48

[Femi Olaiya @BIzInsightToday]

@ayeshavisk41781 45

[Femi Olaiya @BIzInsightToday]

@sanakazmi36 14

[Femi Olaiya @BIzInsightToday]

@mariajan786 40

[Femi Olaiya @BIzInsightToday]

@KingTunde_SZN HOPE

[Femi Olaiya @BIzInsightToday]

@musk_coco 21

[Femi Olaiya @BIzInsightToday]

May his soul continue to rest in peace

[Wale Tinubu CON @AdewaleTinubu]

It’s been two years since we lost Herbert Wigwe, his beloved wife Chizoba, and their son Chizi. The void left by his premature departure is still felt deeply. Herbert was a “Good Man”, friend, leader, family man, and a dreamer whose vision helped shape @myaccessbank.

Though time moves on, his impact remains, and his memory continues to guide us. May their souls rest in perfect peace.

Till we meet again, Herbie.

[De Christian Life @DeChristianLife]

Financial freedom for Christians

[Abiodun MakaveLi @abiodunmakaveli]

What if your one phone call could save a life? What if your tweet could stop the next tragedy?
Call 08057000001 or 09133333785
or Tag or DM @PoliceNG_CRU on X
You are not helpless. You are the help.
#ReclaimYourRight
#BBNaijaS10

[Femi Olaiya @BIzInsightToday]

Most people will respect boundaries if they know where they are.

[Femi Olaiya @BIzInsightToday]

There are two types of business owners. Those who started a business for profits and those who started a business for impact. @AlikoDangote is in the later category. I want to be like Alhaji @AlikoDangote

[Femi Olaiya @BIzInsightToday]

Our careers depend on our ability to persuade someone to devote their time and money to us - sales!

[Femi Olaiya @BIzInsightToday]

Many things will demand our attention, but not all deserve it.

[Femi Olaiya @BIzInsightToday]

Risk without control is foolishness; control without risk is cowardice

[Femi Olaiya @BIzInsightToday]

When you don't understand, lean in more. When it challenges your intelligence, lean in more. When it makes you feel stupid, lean in more. Leaning out will leave you behind.

[Femi Olaiya @BIzInsightToday]

A job that pays you slightly more cash, but gives you far less knowledge and fewer skills, is a lower- paying iob.