Tag: FG

Business

FG unveils national job centre to tackle unemployment

The Federal Government has unveiled the National Job Centre Project, a nationwide network of employability hubs aimed at linking skilled Nigerians to job opportunities and strengthening the country’s labour market system. In a statement by the Federal Ministry of Labour and Employment, the Minister of State, Rt. Hon. Nkeiruka Onyejeocha, announced the initiative during the […]

92 million Nigerians without access to electricity - FG
Electricity

FG finalizes ₦4trn bond to settle GenCos debts

The Federal Government has finalized the implementation frameworks for a massive ₦4 trillion government-backed bonds to settle verified outstanding arrears owed to power Generation Companies and gas suppliers. This significant development was disclosed in a statement made available to newsmen in Abuja by the Special Adviser to the President on Energy, Mrs. Olu Verheijen. The […]

EU rules out fee for tech giants under digital markets act
Business

Nigeria secures N320bn EU loan to boost agribusiness

Nigeria’s agricultural sector is set to receive a major financing boost as the European Union has approved a €190 million (about ₦320.5 billion) credit line to expand lending to farmers and agribusinesses through local commercial banks and development finance institutions. The facility, provided by the European Investment Bank, was unveiled during a bilateral meeting between […]

Minister threatens to revoke Kogi-Benin Road contracts
News

FG commissions reconstructed Port Harcourt road in Aba

The Federal Government has inaugurated the reconstructed 6.7-kilometre Port Harcourt Road in Aba, marking a key milestone in Abia State’s ongoing infrastructure renewal and economic revitalisation drive. President Bola Tinubu, represented by the Minister of Works, Dave Umahi, hailed the project’s completion as a “miracle” made possible through the collaboration of the Federal Government, the […]

Transportation

FG owes Imo for federal roads — Uzodimma

Imo State Governor, Hope Uzodimma, has revealed that the Federal Government is yet to refund the funds spent by his administration on the rehabilitation and reconstruction of key federal roads within the state. The governor made the disclosure during an expanded meeting of the Imo State Executive Council held on Saturday, where he provided an […]

Food

FG urges scientists to give factual guidance on GMOs

The Federal Government has urged scientists in ministries, departments, and agencies to improve their knowledge of Genetically Modified Organisms to ensure that their feedback on the subject is factual and unambiguous. This call comes as Nigerians remain divided on the safety of GMOs. The federal government made this statement on Thursday in Abuja at a […]

90% of Nigeria's tax revenue comes from nine sources – Wale Edun
News

FG scraps revenue collection costs to agencies

The Federal Government has unveiled plans to permanently end the practice of deducting revenue collection costs paid to agencies such as the Federal Inland Revenue Service, the Nigeria Customs Service, and the Nigerian Upstream Petroleum Regulatory Commission, among others. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced this on Wednesday in […]

Nigerian Investors to raise $94bn climate capital – Report
News

FG trains 19 MDAs on monitoring short-lived climate pollutants

The National Council on Climate Change and the Stakeholder Democracy Network have built the capacity of 19 Ministries, Departments and Agencies on Monitoring, Reporting, and Verification of Short-Lived Climate Pollutants. Director-General of the NCCC, Mrs. Omotenioye Majekodunmi, said the Capacity-Building Workshop on MRV for SLCPs in Key Sectors aimed at enhancing the technical know-how of […]

Business

FG seeks $2b Chinese loan for new super power grid

Nigeria is negotiating a $2 billion loan with China’s Export-Import Bank to fund a new “super grid” designed to ease chronic power shortages and drive industrial growth. Minister of Power Adebayo Adelabu revealed this at an economic summit in Abuja on Monday, explaining that the proposed transmission network will connect the country’s eastern and western […]

FG signs €995m deal to boost Nigerian agriculture sector
Agribusiness

FG commits $538m to special agro-industrial projects

The Federal Government has announced a commitment of $538.05 million towards the establishment of Special Agro-Industrial Processing Zones across the country, as part of efforts to transform Nigeria’s food systems and strengthen agricultural productivity. The Minister of Agriculture and Food Security, Abubakar Kyari, made this known on Monday in Abuja at the Community of Practice […]

Agribusiness

New fertilizer initiative will trigger high cost, farmers warn

Farmers operating under the umbrellas of the Coalition of Farmers Association of Nigeria and the Himma Youth Farmers Association of Nigeria asserted on Thursday that the new Presidential Fertilizer Initiative will likely trigger a high cost of fertilizers. The National President of COFAN, Dr. Abubakar Bamai, voiced concern that this government move, coming amid rising […]

Business

Tinubu to unveil $400m Otakikpo oil export terminal

President Bola Tinubu will inaugurate the $400 million Otakikpo Onshore Crude Oil Export Terminal in Rivers State on October 8, marking Nigeria’s first new crude export facility in more than five decades. Developed by Green Energy International Limited (GEIL), operators of the Otakikpo field in OML 11, Ikuru Town, Andoni Local Government Area, the terminal […]