The Nigerian government has allocated N15 billion for comprehensive repairs of the Third Mainland Bridge in Lagos, as revealed in the recently approved N2.18 trillion 2023 supplementary budget. It has been disclosed that the government has an outstanding debt of … Continue reading FG allocates N15 billion for third mainland bridge repairs
The Nigerian Senate has granted its approval for the allocation of $7.8 billion and €100 million in President Bola Tinubu’s proposed 2022-2024 borrowing plan. Tinubu had formally submitted a request to the Senate, urging swift consideration and endorsement of the … Continue reading Senate approves $7.8 billion and €100 million in FG’s borrowing plan
The Federal Government has unveiled ambitious plans to introduce one million Compressed Natural Gas (CNG) powered vehicles by the year 2027. The announcement came during a stakeholders’ meeting held at the Bank of Industry headquarters in Abuja, with the revelation … Continue reading FG set to launch one million CNG vehicles by 2027
The Federal Government has given the green light to a supplementary budget of N2.18 trillion for the fiscal year 2023. This decision, announced on Monday, comes as a response to the increasing demand for additional funding in key areas such … Continue reading FG N2.2 trillion supplementary budget proposal unveiled
During a meeting held on Monday, the Federal Executive Council approved the application for a $3.45 billion loan to fund various projects. The financing is designated for the power sector, renewable energy, state resource mobilization programs, an initiative for adolescent … Continue reading FG approves $3.45bn world bank loan for power and other projects
Human rights lawyer and Senior Advocate of Nigeria (SAN), Femi Falana, has urged the Minister of Interior, Olubunmi Tunji-Ojo, to reconsider a plan aimed at paying fines totaling N500 million for 4,000 convicts to decongest Nigerian prisons. The Minister had … Continue reading “Pardon 4,000 inmates instead of spending N500 million for their release” – Femi Falana advises FG
The Minister of Housing and Urban Development, Ahmed Dangiwa, has unveiled plans to develop cost-effective housing designs and facilitate the construction of high-quality, affordable housing options to address the housing requirements of 80 percent of low- and medium-income earners in … Continue reading FG’s initiative to provide affordable housing for 80% of low income earners
The Federal Government of Nigeria has proudly announced that it has successfully drawn over $2 billion in investments in the renewable energy sector over the past ten years. This achievement was revealed by the Rural Electrification Agency (REA), which also … Continue reading FG attracts $2bn in renewable energy sector investments
The Federal Government of Nigeria has announced its intent to commence payments of the nine-month backlog owed to N-Power beneficiaries. The announcement was made by Akindele Egbuwalo, the N-Power National Programme Manager, during a meeting with some N-Power beneficiaries in … Continue reading FG to disburse nine months of N-Power arrears starting November
The Minister of Planning and Budget, Atiku Bagudu, announced that the Federal Government anticipates a budget estimate of N26 trillion for the year 2024. This disclosure took place following the Federal Executive Council (FEC) meeting, which was chaired by President … Continue reading FG bargains on N26 trillion for 2024 budget
The total spending by the Federal Government on palliatives and loans to cushion the effect of the fuel subsidy removal may hit N3.27tn. The palliatives and loans were meant to cushion the effects of economic hardships on Nigerians and businesses … Continue reading FG potential spending of N3.27tn on palliatives and loans emerges
Numerous oil blocks managed by international and local oil companies under Production Sharing Contracts (PSC) with the Nigerian National Petroleum Company Limited (NNPC) remained non-producing or inactive, according to the latest Oil and Gas Industry Report for 2021 released by … Continue reading 23 oil blocks fail to produce crude – FG
The Federal Government of Nigeria is projected to spend approximately N1.68 trillion on fuel subsidy for Premium Motor Spirit (PMS), commonly known as petrol, between September and December 2023. This estimate is based on data provided by oil marketers and … Continue reading FG projects N1.68trn fuel subsidy expense as marketers predict N900/litre fuel price
In a concerted effort to mitigate flight disruptions and streamline air travel operations, the Federal Government has officially reopened the D Wing of the old international terminal at Lagos’ Murtala Muhammed International Airport. This move is part of a larger … Continue reading FG reopens old international terminal to alleviate flight disruptions
The Minister of Transportation, Saidu Alkali, embarked on his inaugural tour of the Lagos-Ibadan rail corridor on Tuesday, September 12, marking a historic moment as the first cargo movement commenced. Minister Alkali initiated the rail corridor tour, commencing at the … Continue reading FG inaugurates freight services on Apapa-Ibadan cargo rail
Eradicating poverty in Nigeria has the potential to reduce the country’s insecurity by more than 50%, according to Betta Edu, the Minister of Humanitarian Affairs and Poverty Alleviation. She made this statement during a visit to the Chief of Air … Continue reading Eradicating poverty by over 50% will drastically reduce insecurity – FG
The Federal Government has issued an earnest plea to the leadership of the Nigeria Labour Congress (NLC) to reconsider their scheduled two-day warning strike, set to commence on Tuesday. This appeal, conveyed by the Minister of Labour and Employment, Simon … Continue reading FG appeals to labour to postpone planned strike
Minister of Aviation and Aerospace Development, Festus Keyamo, has issued a directive for all international airlines to temporarily leave the Murtala Mohammed International Airport by October 1, 2023. The purpose of this action is to facilitate comprehensive maintenance work at … Continue reading MMIA to be shut down by FG from October 1
Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, has announced that the government is preparing to introduce Humanitarian funds aimed at uplifting 133 million Nigerians from poverty. She shared this information during an interview with Channels Television on … Continue reading Edu announces FG’s plans to introduce humanitarian fund for poverty alleviation
The Academic Staff Union of Universities (ASUU) has urged the Nigerian government, after a National Executive Council meeting at the University of Maiduguri, to promptly pay the outstanding promotion arrears owed to its members. The union emphasized that this action … Continue reading ASUU Warns FG: Release promotion arrears or face threat to industrial peace
In July 2023, credit extended to the Nigerian government experienced a 3.5 percent sequential rise, totaling N32.3 trillion, as compared to N31.2 trillion in June. Increase in credit allocation to the private sector The Central Bank of Nigeria (CBN) published … Continue reading FG credit surges by another 3.5% to reach N32.3 trillion
Two siblings, Samuel and Samson Ogoshi, have been extradited to the United States to stand trial for allegedly operating a global sexual extortion scheme that resulted in the tragic death of a teenage US citizen, Jordan DeMay. The extradition of … Continue reading FG extradites siblings to US for sexual extortion trial
The Nigerian government recently revealed that the floods in 2022 inflicted a substantial direct economic blow of $7 billion on the country. This disclosure was made during an event organized by the United Nations Framework Convention on Climate Change, where … Continue reading FG reports $7 billion economic damage from 2022 floods
The FCT Chapter of the Nigeria Medical Association (NMA-FCT), in collaboration with the Nasarawa and Kogi states chapters, has called on the Federal Government to reconsider its stance on the “No work no pay” policy for medical workers. This plea … Continue reading NMA appeals to FG to revoke ‘No Work No Pay’ plans for medical workers
Ismaila Abubakar, the Permanent Secretary of the Federal Ministry of Sports and Youth Development, has urged Nigeria’s women’s national basketball team, D’Tigress, to steer clear of drug addiction and other negative behaviors in order to fully reap the rewards of … Continue reading FG advises triumphant D’Tigress to stay away from hard drugs
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