AGS NEWS – The Senate has called upon the Federal Government to introduce a food stamps programme as a strategy to mitigate the impact of hunger and food scarcity in the nation. This resolution also includes urging the Federal Ministry … Continue reading Senate urges FG to introduce food stamp to combat hunger
AGS NEWS – The Federal Government is exploring strategies to ensure prompt loan disbursement to Medium, Small, and Micro Enterprises (MSMEs) within a 14-day timeframe. This initiative aims to alleviate the financial strain on businesses awaiting loan approvals, thereby reducing … Continue reading Federal government targets 14-day MSME loan disbursement
AGS NEWS – The Nigerian Federal Government is making plans to secure $10 billion to enhance liquidity in the foreign exchange market, following the naira’s decline to an unprecedented low of 1,850 against the dollar in the parallel market on … Continue reading FG pursues $10 billion to bolster exchange rate amid naira decline
The federal government has announced a two million Naira reward for information leading to the arrest of child abuser Mrs. Adachukwu Kukelu Okafor, who allegedly burned the private parts and body of her 10-year-old maid. ALSO READ: FG announces need … Continue reading FG offers N2m bounty for woman accused of abusing 10 year old maid
In a bid to address the financial challenges facing Nigerian electricity companies, estimated at a staggering N2 trillion ($2.5 billion) in capital shortfall, the sector is actively seeking new investors to revitalize an industry struggling to meet the power demands … Continue reading FG announces need for $2.5 billion new capital in power firms
The Federal Government has initiated discussions with the Chinese firm, Luan Steel Holding Group, to establish a new steel plant in Nigeria and begin the production of military hardware at the Ajaokuta Steel Plant. This initiative aligns with the government’s … Continue reading FG collaborates with Chinese firm to revitalize Nigerian steel industry
The Federal Government, acting through the Federal Competition and Consumer Protection Commission (FCCPC), has imposed a fine of $110 million on British American Tobacco (BAT) and its affiliated companies. The penalty is attributed to alleged violations of the Federal Competition … Continue reading FG slaps $110m fine on British-American tobacco, withdraws criminal charges
The Federal Competition and Consumer Protection Commission (FCCPC) has announced its intention to introduce additional regulations for operators in the digital lending sector in 2024. The aim is to address the rising default rates in the country and enhance loan … Continue reading FG set to implement new regulations for Moniepoint, Opay, and other digital lenders
In an effort to address the perils associated with illegal mining activities in Southern Kaduna, the Federal Ministry of Solid Minerals Development conducted a comprehensive awareness campaign on Saturday. The Town Hall Meeting, organized by the North-West office of the … Continue reading FG issues warning to Kaduna communities on illegal mining
The Nigerian Federal Government revealed on Tuesday that the country relies on generators powered by Premium Motor Spirit (PMS) and Automotive Gas Oil (diesel) for approximately 40,000 megawatts of electricity. The disclosure came during the ministerial summit on Integrated National … Continue reading Nigeria relies on generators for 40,000MW electricity – FG
In its pursuit of achieving Universal Health Coverage (UHC) by 2030, the Federal Government is preparing to introduce the Nigeria Health Sector Renewal Investment Initiative. Professor Muhammad Pate, the Coordinating Minister of Health and Social Welfare, announced this during a … Continue reading FG set to unveil universal health coverage initiative
The Federal Government has acknowledged the detrimental consequences of the naira redesign policy, carried out by the Central Bank of Nigeria from December 15, 2022, to early February this year. The Minister of Agriculture and Food Security, Senator Abubakar Kyari, … Continue reading FG acknowledges CBN’s naira redesign impact
The Federal Government is set to embark on an extensive road infrastructure development initiative, planning the rehabilitation and construction of 1,925 roads and highways nationwide in the 2024 budget proposal. In the 2024 budget, an allocation of N548.56 billion has … Continue reading FG set to spend N837bn on 2,254 roads, bridges
The Nigerian Upstream Petroleum and Regulatory Commission have revealed plans by the Federal Government to revoke dormant oil exploration leases granted to companies that have yet to undertake exploration activities. Gbenga Komolafe, the Chief Executive Officer of the Nigerian Upstream … Continue reading FG contemplates revoking dormant oil licences in industry overhaul
The Federal Government has announced its imminent commencement of fund disbursement through the Presidential Palliative Programme, aimed at mitigating the effects of the fuel subsidy removal. In a statement released on Sunday by the Minister for Industry, Trade, and Investment, … Continue reading FG set to disburse grants to SMEs in response to subsidy removal
A forthcoming boost in pension stipends for pensioners in the federal civil service is on the horizon, as revealed in a report on pension harmonization submitted to the Federal Government by the National Salaries, Incomes and Wages Commission. The expected … Continue reading FG considers pension increase for workers in 2024, says wages commission
The Minister of Solid Minerals Development, Dele Alake, commended the visit of investors from Mexico seeking opportunities in Nigeria’s solid minerals sector. President Bola Tinubu’s administration has implemented incentives to facilitate business for investors, including zero-duty on equipment for solid … Continue reading FG extends warm welcome to Mexican investors
The Federal Government is set to provide support for a substantial number of farmers, ranging from 150,000 to 250,000, offering a 50% input subsidy for the cultivation of 200,000 to 250,000 hectares of wheat in the upcoming 2023-2024 Wheat Irrigation … Continue reading FG commits to supporting 250,000 wheat farmers in dry season farming initiative
The Minister of Innovation, Science, and Technology, Mr. Uche Nnaji, has emphasized the need for training and International Organisation for Standardisation (ISO) certification for Nigerian welders to enhance the workforce for socio-economic development. Nnaji made this statement during the signing … Continue reading FG initiates training and ISO certification for welders
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has reassured local shipowners that the re-establishment of national shipping lines will not adversely affect their operations. Speaking at a stakeholders’ roundtable in Lagos, Oyetola emphasized that the government’s initiative to … Continue reading FG says new shipping line won’t hurt local operators
The Federal Government has officially launched the Startup Support and Engagement Portal as a crucial step in implementing the Nigeria Startup Act. Dr. Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, shared the announcement on Tuesday night, emphasizing … Continue reading Federal government introduces startup registration portal
A report obtained on Monday revealed that the Federal Government of Nigeria incurred an estimated loss of $16 trillion due to natural gas flaring over the past decade, spanning from 2012 to 2022, according to the Energy Institute’s 72nd edition … Continue reading Federal government records $16 trillion loss to gas flare over 10 years
The Minister of Power, Adebayo Adelabu, announced on Monday that the Federal Government has identified approximately $23 billion in investment opportunities in Nigeria aligned with the country’s Energy Transition Plan (ETP). Speaking at the 2nd German-Nigerian Symposium on Green Hydrogen, … Continue reading FG unveils $23 billion investment opportunities in energy transition plan
Dr. Betta Edu, the Minister of Humanitarian Affairs and Poverty Alleviation, commenced the construction of cluster settlements for internally displaced persons (IDPs) in Benue State on Thursday. The minister’s two-day visit to the state included the unveiling of the project … Continue reading FG initiates construction of homes for displaced persons in Benue
The Federal Government has disclosed that over a period of five years, more than N4.3 trillion worth of crude oil was stolen in 7,143 pipeline vandalism cases. This revelation came during the Nigeria International Pipeline Technology and Security Conference in … Continue reading Nigeria suffers N4.3 trillion loss due to oil theft over five years – FG
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