The Federal Government is in advanced negotiations with the World Bank to secure an additional $65 million in funding for the ongoing Sustainable Procurement, Environmental, and Social Standards Enhancement (SPESSE) Project, Sunday AGS has learned. If approved, the new financing … Continue reading FG in Advanced Talks with World Bank for Additional $65m Loan to Boost Procurement
AGS NEWS – Debt servicing took up 47% of the Federal Government’s total expenditure in the first nine months of 2024, according to data from the Central Bank of Nigeria (CBN). The government spent ₦8.94 trillion on debt payments during … Continue reading FG services debt with 47% budget vote
AGS NEWS – The Federal Government has directed electricity distribution companies to replace weak distribution networks in their areas within seven days. This order was issued by the Nigerian Electricity Management Services Agency (NEMSA) after a two-month notice was previously … Continue reading Replace faulty equipment in seven days, FG orders Discos
AGS NEWS – The Nigerian government has secured a $600,000 relief fund from the Bill and Melinda Gates Foundation to support flood victims and reforms in the health and agricultural sectors. The announcement was made during a meeting between Vice … Continue reading FG gets $600,000 relief fund from Gates Foundation
AGS NEWS – As Nigeria prepares to celebrate its 64th Independence Day, the Federal Government praised the country’s 25 years of continuous democracy. Minister of Information and National Orientation, Mohammed Idris, highlighted Nigeria’s resilience and growth since gaining independence, despite … Continue reading FG celebrates 25 years of democracy, lists Tinubu’s achievements
AGS NEWS – The Federal Government has unveiled a plan to generate at least $100 billion and create over two million jobs annually from Nigeria’s creative economy. Hannatu Musawa, the Minister of Art, Culture, and the Creative Economy, announced the … Continue reading FG eyes $100bn revenue from creative economy
AGS NEWS – The Federal Government is set to create around 40,000 jobs through the Abuja Industrial Park, which is expected to boost Nigeria’s economy. The Minister of the Federal Capital Territory, Mr. Nyesom Wike, announced this during his visit … Continue reading FG eyes 40,000 jobs from Abuja industrial park
AGS NEWS – The Federal Government is committed to reducing the rising cost of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, according to Ekperikpe Ekpo, the Minister of State for Petroleum Resources (Gas). Ekpo made this statement on … Continue reading FG plans intervention as cooking gas hits N1,300/kg
AGS NEWS – The Federal Government has launched a $500 million project, funded by the Japanese International Cooperation Agency (JICA), to enhance power transmission infrastructure along the Lagos-Ogun industrial corridor. This announcement was made by Bolaji Tunji, Special Adviser on … Continue reading FG inaugurates $500m power transmission project for Lagos-Ogun industrial corridor
AGS NEWS – On Monday, July 29, the federal government announced the establishment of centers nationwide where 50kg bags of rice are being sold for N40,000 each. Minister of Information and National Orientation, Mohammed Idris, shared this update following a … Continue reading FG begins sale of 50kg rice for N40,000 to appease protesters
AGS NEWS – The Federal Government raised approximately N4.13tn from bonds in the first half of 2024, according to the FMDQ Exchange Financial Markets Monthly Report for June 2024. The bond issuance in June, valued at N297.01bn, was the lowest … Continue reading FG raised over N4tn via bonds in six months – Report
AGS NEWS – Senior Advocate of Nigeria, Femi Falana, has called on the Federal Government to heed the demands of organizers ahead of the planned nationwide protest on August 1, 2024. Speaking on Channels Television’s Politics Today, Falana, a human … Continue reading Don’t threaten organisers of planned nationwide protest, Falana warns FG
AGS NEWS – The Federal Government announced on Thursday that converting petrol and diesel-powered commercial vehicles to run on Compressed Natural Gas (CNG) will be free of charge. This announcement followed the signing of agreements with various companies in Abuja … Continue reading FG provides free CNG conversion for commercial vehicles
AGS NEWS – The Federal Government has announced the results of its review of the accelerated stabilization and advancement plan, aiming to inject N2tn into the economy over the next six months. President Bola Tinubu, on Thursday, expressed his administration’s … Continue reading FG unveils N2tn economic revival plan, inaugurates presidential council
AGS NEWS – On Tuesday, the Federal Government announced the addition of 17 deep offshore oil blocks to the 2024 Licensing Round for oil fields in Nigeria. Previously, the government had invited investors to bid for 12 oil blocks and … Continue reading FG opens bidding for 17 new offshore oil blocks
AGS NEWS – The Federal Government dismissed false reports on Monday about renaming Abuja’s Murtala Muhammed Expressway to Wole Soyinka Way. In a statement by Rabiu Ibrahim, media aide to the Minister of Information and National Orientation, it was clarified … Continue reading Murtala Muhammed expressway not renamed after Soyinka – FG
AGS NEWS – Human rights lawyer and Senior Advocate of Nigeria, Femi Falana, believes that both the Federal and State governments can afford to pay the national minimum wage if stolen funds are recovered. Speaking on Channels TV, Falana stated, … Continue reading FG and states can pay minimum wage with recovered loot – Femi Falana
AGS NEWS – The Federal Government of Nigeria is seeking a $500 million loan from the World Bank to improve rural road infrastructure and agricultural marketing nationwide. The World Bank stated that the loan would address the significant need for … Continue reading FG seeks $500m world bank loan for rural road development
AGS NEWS – After a meeting with the Airline Operators of Nigeria executives, the Minister of Aviation and Aerospace Development, Festus Keyamo, has temporarily halted the collection of helicopter landing levies at aerodromes, helipads, and airstrips. This decision was announced … Continue reading FG halts enforcement of $300 helicopter landing levy
AGS NEWS – The Nigerian Education Loan Fund (NELFund) announced that the portal for student loan applications will open on May 24, 2024. Nasir Ayantogo, NELFund’s media lead, stated that this launch signifies President Bola Tinubu’s commitment to accessible and … Continue reading FG to open student loan application portal on May 24
AGS NEWS – Minister of Aviation and Aerospace, Festus Keyamo, has issued a stern warning against private jet owners exploiting regulatory loopholes for commercial gain. During a recent appearance on Channels Television, Keyamo addressed concerns surrounding illegal flights and uncertified … Continue reading FG targets illegal commercial jet operators and uncertified pilots
AGS NEWS – The Federal Government attributed the recent drop in Nigeria’s crude oil production to challenges encountered on the Trans Niger Pipeline and maintenance activities by oil companies. However, it assured that efforts were underway to address these issues … Continue reading FG attributes oil production plunge to pipeline issues
AGS NEWS – Nigeria is on track to secure a $1.05 billion syndicated loan backed by oil from the African Import Export Bank in the coming month. This loan is part of a larger $3.3 billion prepayment facility arranged by … Continue reading FG set to secure $1bn Afreximbank loan in May
AGS NEWS – The Ministry of Solid Mineral Development has enlisted 2,220 security personnel under a new security framework to crackdown on illegal mining and uphold the nation’s mining laws. Minister Dele Alake emphasized the importance of securing mining sites … Continue reading FG deploys 2,200 mining marshals to eradicate illegal miners
AGS NEWS – The Federal Government has reportedly detained at least two top executives of Binance, a cryptocurrency exchange platform. According to the Financial Times, these executives were apprehended upon their arrival in Nigeria following a ban on their website. … Continue reading FG detains two Binance executives
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