Tag: FG

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 […]

News

Scrapped ₦50,000 WAEC, NECO fee would’ve yielded ₦175bn — Report

If the Federal Government had not reversed the proposed N50,000 registration fee per candidate for the Senior Secondary Certificate Examination conducted by the West African Examinations Council and the National Examinations Council the examination bodies would have been able to generate more than N175 billion annually. An analysis by Vanguard of the 2025 figures of […]

Investment

FG launches mobile training workshop to empower 2,000 teachers

The Federal Government has launched a three-day Master Training Workshop aimed at enhancing teachers’ professional development through mobile-based learning, with a target of training at least 2,000 teachers and school leaders across Nigeria. The initiative, which places special emphasis on empowering female school leaders, is being implemented by the Federal Ministry of Education in collaboration […]

Finance

FG hails Kano gov for committing 32% of budget to education

The Federal Government has lauded the Kano State Government for allocating 32 per cent of its budget to education. The News Agency of Nigeria reported that the Kano State Government allocated a historic N405 billion out of its N1.36 trillion proposed budget for the 2026 fiscal year to the education sector. NAN reported that this […]

featured Investment

How to apply for FG’s laptops, smartphones, tablets on credit

The Federal Government’s newly launched consumer credit scheme for digital devices, the Credit for Laptops, Internet, Connectivity and Knowledge Digital Devices Programme, is now accepting applications from Nigerians seeking affordable, credit-based access to laptops, smartphones and tablets. The programme, implemented by the Nigerian Consumer Credit Corporation in partnership with the Federal Ministry of Communications, Innovation […]

Business

FG opens applications for iDICE accelerator offering $350,000 funding

The Federal Government, through the Investment in Digital and Creative Enterprises Programme, implemented by the Bank of Industry, has opened applications for the iDICE Startup Bridge Growth Lab, a 12-week accelerator programme offering up to $350,000 in funding to 12 promising Nigerian tech startups. According to a statement issued by the programme organisers on Sunday, […]

Telecommunications

FG targets 40 million homes with free 100 TV channels

The Federal Government has said the renewed Digital Switch Over project is designed to deliver up to 100 free-to-air television channels to at least 40 million households across Nigeria through a satellite-based broadcasting system. The Director-General of the National Broadcasting Commission Charles Ebuebu, disclosed this in an interview with the News Agency of Nigeria (NAN) […]