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Finance

FG pledges 5% of GDP for industrial financing push

The Federal Government has announced plans to allocate up to five per cent of Nigeria’s Gross Domestic Product annually for industrial development financing. This move aims to significantly increase the manufacturing sector’s contribution to the economy. The initiative forms part of the newly launched Nigeria Industrial Plan, which was unveiled in Abuja by the Federal […]

Aviation

FG launches major investment drive in aviation sector

Nigeria’s aviation sector is poised for a significant investment push as the Federal Government plans to develop aerotropolises in major cities and host global aircraft lessors, financiers, and airline operators for strategic business discussions. The initiative, themed Aircraft Acquisition and Investment Summit, comes as the Director of Public Affairs and Consumer Protection at the Nigeria […]

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FG eyes manufacturing growth with major GDP allocation

The Federal Government has announced that it will allocate up to five per cent of Nigeria’s Gross Domestic Product each year to industrial development financing, aiming to significantly boost the manufacturing sector’s share of the economy. This initiative is outlined in the newly launched Nigeria Industrial Plan, unveiled in Abuja by the Federal Ministry of […]

Business

FG launches $50m impact innovation fund to support startups

The Federal Government has officially launched a $50 million Impact Innovation Fund aimed at supporting Nigerian startups tackling critical social challenges, following the signing of agreements between the Nigeria Sovereign Investment Authority and the Japan International Cooperation Agency. The agreements were signed on Friday at the Federal Ministry of Budget and Economic Planning in Abuja […]

Helth

FG plans armed forces college of medicine in NDA

The Federal Government has advanced plans to establish the Armed Forces College of Medicine and Health Sciences in a bold move aimed at strengthening military medical readiness and expanding Nigeria’s overall healthcare training capacity. The strategic initiative was firmed up at a high-level meeting convened by the Minister of Education, Dr Maruf Tunji Alausa, and […]

Helth

FG launches nationwide audit of medical equipment in hospitals

The Federal Government has commenced a comprehensive inventory of high-end hospital equipment across federal teaching hospitals and medical centres. The exercise focuses on maintenance status and capacity gaps amid concerns over poor maintenance of medical equipment in public hospitals. The National Biomedical Equipment Audit forms part of the broader Health Sector Renewal Investment Initiative. This […]

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FG to review MTN’s $6.2b IHS acquisition over strategic concerns

The Federal Government has stated that MTN Group’s proposed $6.2 billion acquisition of IHS Holding Limited will undergo a thorough regulatory review, highlighting the strategic importance of telecom infrastructure to Nigeria’s economy and national security. Minister of Communications, Innovation and Digital Economy, Bosun Tijani, made this disclosure in a press statement on Tuesday. The all-cash […]

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FG boosts oil sector accountability with new calibration facility

The Federal Government has stepped up measures to boost accountability in the crude oil sector with the launch of Nigeria’s first Gravimetric Multifaceted Flow Metering Calibration Facility in Eket, Akwa Ibom State. Unveiled by the Nigerian Upstream Petroleum Regulatory Commission, the facility aims to improve the accuracy of crude oil measurements, reduce production losses, and […]

Business

FG partners IEA on gas emissions cut, energy cooperation

The Federal Government has signed a Memorandum of Understanding with the International Energy Agency to enhance collaboration on methane emissions reduction, gas development, clean cooking access, and technical support. In a statement issued Tuesday, the spokesperson to Minister of State for Petroleum Resources (Gas), Louis Mbah,said the agreement was signed at the IEA headquarters in […]

Investment

FG launches GROW fund to finance 6,000 young entrepreneurs

The Federal Government has unveiled the GROW Fund, an initiative designed to provide affordable financing to more than 6,000 young entrepreneurs who have completed training under the Inspire, Create, Start and Scale programme. The move seeks to bridge the persistent funding challenges faced by micro, small and medium enterprises across Nigeria. The GROW Fund is […]

Livestock sector can generate N33trn annually - FG
Business

FG, DBN, W’Bank partner to boost finance for livestock production

The Federal Government has teamed up with the Development Bank of Nigeria and the World Bank to boost livestock production by improving access to finance and providing capacity-building support for small and medium-sized enterprises. The initiative, part of the Livestock Productivity and Resilience Support programme, is being carried out in partnership with the Federal Ministry […]

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 […]

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