Tag: FG

Oil and Gas

FG reassures stable petrol supply amid Dangote-PENGASSAN dispute

The Federal Government has reassured Nigerians that there will be no disruption in the supply of refined petroleum products across the country, despite recent concerns in the downstream oil sector. This assurance followed a meeting of the Steering Committee on the Domestic Crude Oil and Refined Products Sales in Local Currency Initiative, chaired by Minister […]

featured Oil and Gas

FG holds emergency meeting to resolve Dangote-PENGASSAN dispute

The Federal Government, through the Ministry of Labour and Employment, has initiated a reconciliation meeting to resolve the ongoing dispute between Dangote Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria. The meeting, chaired by Minister of Labour and Employment Muhammad Dingyadi, brings together leadership from PENGASSAN, Dangote Refinery, the Minister of […]

Business

Tinubu orders BOA to pay N30bn arrears to agro-dealers

President Bola Tinubu has ordered the Bank of Agriculture to settle outstanding arrears of N30 billion owed to agro-dealers and input suppliers under the National Agricultural Growth Scheme and Agro-Pocket. In a statement on Wednesday, BOA’s External Media Relations Lead, Judith Ekwebelem, said the directive followed the release of funds from the African Development Bank. […]

FG defends award of Lagos-Calabar coastal highway to Hitech
Business

FG urged to invest in innovation for sustainable infrastructure

The Federal Government has been advised to prioritise massive investment in innovation as a pathway to sustainable infrastructure development. In a statement, a concrete engineer engaged in advanced research for the U.S. Federal Aviation Administration, Isaac Oyawoye, stressed that with Nigeria facing decaying roads and failing airport runways, innovation must be placed at the heart […]

News

FG to resolve ownership disputes in N’Delta oil, gas fields

The Federal Government has begun verifying disputed and newly drilled crude oil and gas fields in the Niger Delta to settle ownership claims and guarantee fair revenue distribution to producing states. Addressing journalists in Asaba, the Chairman of the Revenue Mobilisation Allocation and Fiscal Commission, Dr. Mohammed Shehu, said the exercise is a constitutional requirement […]

Nigerian Institute of Surveyors
Business

Nigeria’s national mapping project progressing – Surveyor General

The Surveyor General of the Federation, Abuduganiyu Adebomehin, stated that the Federal Government’s plan to map Nigeria is progressing as scheduled. He warned that any legal threats against the transfer of the Office of the Surveyor General of the Federation to the Presidency, along with the powers vested in it—would essentially be a challenge to […]

Over 160,000 benefited from Tinubu's transport subsidy - Alake
Business

FG revokes 1,263 mineral licences, opens sector to new investors

The Federal Government has revoked 1,263 mineral licences, which will be removed from the Electronic Mining Cadastral System portal managed by the Nigerian Mining Cadastral Office. The licences include 584 exploration licences, 65 mining leases, 144 quarry licences, and 470 small-scale mining leases. According to the Special Assistant on Media to the Minister of Solid […]

Business

Ajaokuta steel company in good shape – FG

The Federal Government has declared that Ajaokuta Steel Company is in good shape, contrary to recent media reports. In a statement signed by Head of Press and Public Relations Department at the Ministry of Steel Development, Salamatu Jibaniya, the government emphasized its commitment to developing Nigeria’s steel sector, including the resuscitation of Ajaokuta Steel Company […]

Finance

Nigeria secures $10bn in external loans in two years

The Federal Government has secured external loans worth over $10 billion in the last two years, but only about $5 billion, roughly half of the secured amount, has been disbursed so far. According to data from the Debt Management Office, these loans were contracted from multilateral organizations, regional financial institutions, and the International Capital Market […]

News

FG disburses N330bn in cash transfers to poor households

The Federal Government has disbursed N330 billion in cash transfers to poor and vulnerable Nigerians through the National Social Safety-Net Coordinating Office. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced that the programme is part of President Bola Tinubu’s strategy to cushion the impact of subsidy removal and exchange rate reforms […]

Nigeria expecting $2.2bn loans from World Bank - Minister
News

FG disburses N330b cash transfers to poor, vulnerable households

The federal government has disbursed about N330 billion in direct cash transfers to poor and vulnerable households nationwide under its revamped social protection programme. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this on Wednesday in Abuja. He explained that the government had resumed full implementation of the national social safety […]

Food

FG unveils agric incentives, targets 21m jobs creation

The Federal Government has announced new agricultural incentives aimed at generating 21 million jobs and boosting food security. Vice President Kashim Shettima unveiled the reforms at the Food and Agriculture Organisation’s National and Subregional Hand-in-Hand Investment Forum in Abuja. According to Shettima, Nigeria can secure food sufficiency by fully tapping its irrigation capacity. “Strategic investment […]