Tag: FG

Finance

FG begins paying ₦1.1bn exit benefits to 175 retirees

The Federal Government has begun disbursing Additional Exit Benefits to retirees of Treasury-funded Ministries, Departments and Agencies with about N1.1 billion already paid to 175 retirees who left the Federal Public Service between January 1 and August 31, 2026. The payment is being made under the Federal Government Exit Benefit Scheme which was approved by […]

Policy and Regulations

FG, CBN sign MoU to formalise fiscal-monetary coordination

The Federal Government and the Central Bank of Nigeria have signed a Memorandum of Understanding aimed at formalising coordination between fiscal and monetary authorities, with a focus on strengthening macroeconomic management and policy consistency. The agreement, signed by the Federal Ministry of Finance and the CBN in Abuja on Friday, establishes a structured framework for […]

Finance

CSOs, youths protest against FG’s ‘excessive borrowing’

Civil Society Organisations, youths, students and market women staged a protest on Thursday at the Federal Ministry of Finance in Abuja, calling for an end to what they termed excessive borrowing by the Federal Government. The protesters, operating under the umbrella of Climate Action, said the growing burden of public debt-servicing was squeezing out funding […]

featured News

FG to give students free daily 100MB from October 1

The Federal Government has announced that Nigerian students will begin receiving 100 megabytes of free daily data from October 1, 2026, to access approved educational websites and digital learning platforms. The initiative, being implemented by the Nigerian Communications Commission in partnership with telecommunications operators and the Federal Ministry of Education, will initially cover learners in […]

Finance

FG releases tools allowance to academic staff nationwide

The Federal Government has announced the full disbursement of the Consolidated Academic Tools Allowance to academic staff in federal universities, polytechnics and colleges of education, covering the period January to August 2026. According to The PUNCH, the Minister of Education, Dr Tunji Alausa, made this disclosure on Wednesday, shortly after inaugurating the Ministerial Committee on […]

Business

How to apply for FG’s free solar installation training

The Federal Government, working alongside Siemens Energy and the German development agency, GIZ, has thrown open applications for a free Solar Photovoltaic Installation Training programme targeted at professionals, technicians and young people keen on building careers in the renewable energy sector. The training is being delivered under the Siemens Energy Education and Development project, tagged […]

featured Investment

FG defends $5bn Abu Dhabi swap deal, denies pledging oil assets

The Federal Government has defended its $5 billion Total Return Swap facility with First Abu Dhabi Bank PJSC, saying no oil revenues or strategic national assets were pledged as collateral for the transaction. The Debt Management Office, in a Frequently Asked Questions document issued on August 27, 2026, said the facility is secured by naira-denominated […]

Economy featured

FG reaffirms commitment to unlocking Taraba’s economic potential

The Federal Government has reaffirmed its commitment to working with the Taraba State Government to unlock the state’s vast potential in agriculture, energy, tourism, infrastructure and mineral resources. The Minister of Information and National Orientation, Mohammed Idris, stated this on Thursday in Jalingo. The occasion was the Gala night to mark Taraba State’s 35th anniversary […]

Maritime

FG inaugurates committee to boost Nigeria’s fish production

The Federal Government has inaugurated a technical committee to tackle Nigeria’s fish production deficit, reduce the country’s dependence on imports and strengthen the aquaculture value chain. The Minister of Marine and Blue Economy, Adegboyega Oyetola, inaugurated the 17-member Technical Committee on Accelerating Fish Production in Nigeria at an event on Thursday in Abuja, charging members […]

Economy featured

FG reveals ₦15.8tn gains from subsidy, FX reforms

The administration of President Bola Ahmed Tinubu has released a comprehensive “Reform Scorecard,” detailing the economic trajectory of Nigeria three years into a series of aggressive fiscal and monetary overhauls. Delivered by Prof. Taiwo Oyedele at the Ministry of Finance in Abuja, the briefing offered a transparent accounting of the radical shifts following the removal […]

featured Finance

2026 budget: FG earmarks ₦400bn for palaces, mosques, civic centres

Nearly N400bn was set aside in the 2026 budget by about 78 Ministries, Departments and Agencies of the Federal Government for the construction and rehabilitation of community halls, mosques, traditional rulers’ palaces, village market squares and civic centres, findings by The PUNCH have shown. More than half of the N400bn was earmarked for non-developmental projects […]

Tech

FG launches digital platform to automate civil service posting, promotion

The Federal Government has launched the Human Resource Modules of the Integrated Personnel and Payroll Information System, introducing a fully digital platform that will automate staff postings, promotions, leave applications and other personnel processes across the Federal Civil Service. Head of the Civil Service of the Federation, Mrs Didi Esther Walson-Jack, said the new platform […]