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Tag: FG

Business

Nigeria procures 1.37m electricity meters from China via $500m W’Bank program

Nigeria has procured at least 1.37 million electricity meters from China under the $500 million World Bank-funded Nigeria Distribution Sector Recovery Programme, as the Federal Government intensifies efforts to bridge a metering shortfall impacting millions of power consumers. This was disclosed in a restructuring document published on the bank’s website. The document indicates that a […]

Manufacturers, importers to stop supplying drugs to Kano market
Business

FG orders NAFDAC to halt sachet alcohol ban enforcement

The Federal Government has ordered the National Agency for Food and Drug Administration and Control to halt all enforcement actions concerning the proposed ban on sachet alcohol and 200ml PET bottle alcoholic drinks. The government also directed the agency to immediately cease sealing factories and warehouses related to the matter. This was disclosed in a […]

FAAC funds to FG, states hit 7-year high in 2023
featured Finance

FG, states, LGs shared ₦26tn FAAC revenue in 2025

The Federal Government, 36 states and 774 Local Government Areas shared N26 trillion from Federation Account Allocation Committee revenue in 2025. This represents an 84.2 per cent year-on-year increase when compared to N14.11 trillion shared in 2024. Vanguard analysis of data in the FAAC communiques issued during the period showed that the Federal Government received […]

Court dismisses MAN’s lawsuit against electricity tariff hike
Electricity featured

FG vows stronger gas-to-power chain for reliable electricity

The Federal Government has reaffirmed its commitment to strengthening Nigeria’s gas-to-power value chain. This forms part of broader efforts to expand electricity supply, drive industrial growth, and reduce energy poverty across the country. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, made this known during his address at the National Gas Day session of […]

Economy featured

Senate hails FG’s launch of $7.7trn Halal economy plan

The Senate has hailed the Federal Government for the bold and forward-looking launch of Nigeria’s National Halal Economy Strategy. This strategic policy initiative aims to position the nation to competitively access the estimated $7.7 trillion global halal market and accelerate economic diversification. In a statement signed yesterday by the Chairman of the Senate Committee on […]

Umahi threatens MTN over Enugu-Onitsha road, orders N15bn monthly payment
featured

FG warns China Harbour over road project delays, quality concerns

The Federal Government has issued stern warnings and set firm deadlines for China Harbour Engineering Company and its affiliate, China Harbour Operation and Maintenance Company, over alleged substandard workmanship, delayed mobilisation, and environmental concerns on major federal road projects nationwide. The action followed a high-level meeting chaired by the Minister of Works, Senator David Umahi, […]

Finance Corporation invests $2bn in Nigeria - Official
featured Finance

FG signs IFC deal to fast-track bankable infrastructure projects

The Federal Government has signed a cooperation agreement with the International Finance Corporation, a member of the World Bank Group, to accelerate the delivery of bankable infrastructure projects and mobilise private capital essential for Nigeria’s economic transformation. The agreement was signed in Abuja on Wednesday. The signing ceremony was attended by the Minister of Budget […]

Business

FG launches initiatives to boost Nigeria’s gas-to-power sector

The Federal Government has introduced new initiatives aimed at bolstering Nigeria’s gas-to-power sector, highlighting natural gas as the backbone of electricity supply and a key driver of the nation’s industrialisation. Officials noted that gas currently accounts for over 70 per cent of Nigeria’s on-grid electricity generation, but acknowledged that challenges in supply, infrastructure, and commercial […]

RMAFC unveils revenue collection software
Business

FG reaffirms commitment to protect LG funds

The Federal Government has restated its commitment to stop the prolonged diversion of funds meant for the 774 local government councils from the Federation Account. The assurance was given on Thursday in Abuja by the Chairman of the Revenue Mobilisation Allocation and Fiscal Commission, Mohammed Shehu, at the 2025 budget performance review and 2026 budget […]

Oil and Gas

Nigeria gains ₦6tn from downstream petroleum reforms

Nigeria has recorded an estimated ₦6 trillion gain from reforms in the downstream petroleum sector within the first nine months of 2025, according to the Federal Government. The gain is attributed to the impact of fuel market deregulation and reduced reliance on imports. The Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) disclosed this at the […]

Electricity

FG, World Bank inject $500m to revive DisCos

The Federal Government, in collaboration with the World Bank, is set to inject $500 million into Nigeria’s ailing electricity distribution sector under the Distribution Sector Recovery Programme, as part of efforts to cut losses, close the metering gap and improve power supply nationwide. The intervention was disclosed by Director of the Energy Sector Department at […]

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