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FG pledges stronger fiscal reporting, transparency after IMF review

The Federal Government has pledged to strengthen fiscal reporting, budget transparency, and data integrity in line with recommendations from the International Monetary Fund, while welcoming the Fund’s broadly positive assessment of Nigeria’s ongoing economic reforms. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this in a statement issued on Tuesday […]

Business

FG unveils $1bn AfCFTA credit facility to boost African trade

The Federal Government has reiterated its commitment to advancing Nigeria’s export-driven growth under the African Continental Free Trade Area, announcing opportunities for businesses to access a $1 billion AfCFTA Adjustment Fund Credit Facility aimed at strengthening production, competitiveness, and intra-African trade. The Minister of Industry, Trade and Investment, Jumoke Oduwole, made this known on Tuesday […]

Transportation

FG plans rail link to connect Lagos airport terminals

The Federal Government is planning rail connectivity that will link the Murtala Muhammed International Airport, the General Aviation Terminal, and the Murtala Muhammed Airport Terminal Two in Lagos to improve passenger movement and airport accessibility. Nairametrics reported that the disclosure was made by the Minister of Aviation and Aerospace Development, Festus Keyamo, during his keynote […]

featured Policy and Regulations

FG gives HR officers one year to get certification

The Federal Government has given civil servants performing human resource functions across ministries, departments and agencies a one-year deadline to obtain approved professional certifications as part of efforts to professionalise human resource management in the Federal Civil Service. An exclusive circular obtained by The PUNCH from the Office of the Head of the Civil Service […]

Finance

FG clears over ₦700bn contractor debts

The Federal Government has processed payments exceeding N700bn in verified obligations owed to local contractors over the past few months, including N436.6bn disbursed in May alone, as part of efforts to clear long-standing debts and stimulate economic activity. The PUNCH reported that the Federal Ministry of Finance disclosed this in a statement issued on Monday […]

Business

FG schedules Wednesday flight for stranded Nigerians in South Africa

Nigeria will begin evacuating its citizens from South Africa this week following anti-immigrant attacks and protests in Africa’s largest economy. The Federal Government has scheduled the first evacuation flight for Wednesday. This was disclosed in a text message by the spokesperson for the Ministry of Foreign Affairs, Kimiebi Imomotimi Ebienfa, according to Reuters. South Africa […]

Business

FG delays Nigerians’ evacuation from S’Africa over logistical challenges

The Federal Government has postponed the evacuation of the first group of Nigerians seeking to return from South Africa amid renewed xenophobic attacks against foreign nationals. The Ministry of Foreign Affairs disclosed the development on Monday, citing logistical constraints as the reason for the delay. According to the ministry’s spokesperson, Kimiebi Ebienfa, the evacuation flight, […]

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Labour drags FG to ILO over ‘violations of rights’

The Organised Labour has dragged the Federal Government before the International Labour Organisation accusing authorities at both federal and state levels of systematic violations of workers’ rights, trade union freedoms and collective bargaining agreements in breach of international labour conventions. Vanguard reported that addressing the Committee on the Application of Standards, CAS, at the opening […]

Transportation

FG flags off ₦1.245trn Gombe-Biu highway dualisation project

The Federal Government has flagged off the N1.245 trillion reconstruction and dualisation of the 125km Gombe-Biu Highway, awarding the project to Hi-Tech Construction Company. The disclosure was contained in a statement made by Special Assistant to President Bola Ahmed Tinubu on Social Media, Dada Olusegun, on Friday. The project, which was officially launched in Gombe […]

Business

FG awards African quality mark to 131 Nigerian firms

The Federal Government on Thursday presented the African Quality Mark certification to 131 Nigerian companies for 220 Made-in-Nigeria products, in a bid to strengthen the competitiveness of local goods across the continent under the African Continental Free Trade Area African Continental Free Trade Area framework. The certification, also known as the ARSO Dual Mark, was […]

Policy and Regulations

FG seeks labour-friendly AI policies to protect Nigerians

The Federal Government has called for the development of inclusive and human-centred artificial intelligence policies that will protect workers’ rights, prevent job losses and ensure that the benefits of technological advancement contribute to economic growth and increased productivity. The PUNCH reported that the call was made by the Minister of Labour and Employment, Muhammad Dingyadi, […]

featured Investment

FG, World Bank slash funding for new classrooms in HOPE initiative

The Federal Government and the World Bank have restructured the $500m HOPE for Quality Basic Education for All programme. The restructuring involves cutting funding allocations tied to the construction of new classrooms while expanding the number of states eligible for targeted interventions under the project. Details of the restructuring were contained in a World Bank […]

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