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Nigeria’s gas revolution will lift West Africa’s energy

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Tag: FG

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FG eyes domestic, foreign investments to boost economy

The Minister of Industry, Trade, and Investment, Jumoke Oduwole, has stated that the ministry will focus on retaining domestic investment while also attracting foreign direct investment to enhance Nigeria’s economic competitiveness. She noted that this dual approach would create a stronger business environment and elevate Nigeria’s global appeal. Oduwole made this disclosure in an interview […]

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FG secures $1.2bn deal to revive aluminium smelting plant

The Federal Government has signed a $1.2 billion agreement with Chinese state-owned CNCEC to revamp a crucial gas processing plant at Ikot Abasi, Akwa Ibom State to boost Nigeria’s aluminium production. This was disclosed in a statement by the Minister of State for Petroleum (Gas), Epkerikpe Ekpo on Tuesday. The Minister said the contract signed […]

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FG to spend N5.4tn subsidy savings on projects

The Federal Government has announced that an estimated N5.4 trillion in savings from the 2024 subsidy removal will be allocated towards infrastructure and social intervention programs. These initiatives are aimed at benefiting all tiers of government and improving the quality of life for Nigerians. The Special Adviser to the President on Information and Strategy, Mr. […]

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FG sets up committee to audit gas project MoUs

Thee Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), has inaugurated a committee to audit agreements and Memorandums of Understanding related to Accelerated Gas Development Projects. This initiative is aimed at preventing a recurrence of the nation’s negative experience in the P&ID case, which stemmed from one such agreement. The committee, […]

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FG plans data bank to boost transport sector

The Federal Government has announced plans to create a national data bank aimed at improving efficiency and decision-making within Nigeria’s transportation sector. This was disclosed by the Chairman of the Governing Council of the Chartered Institute of Transport Administration, Dr. Segun Obayendo, during a press conference ahead of the 6th National Transport Conference in Abuja. […]

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FG signs agreement for new aircraft maintenance facility

The Federal Government, through the Ministry of Aviation and Aerospace Development, has entered into a Public-Private Partnership with a private firm to establish a Maintenance, Repair, and Overhaul facility for aircraft. A representative of the Ministry, who requested to remain anonymous due to a lack of authorization to speak publicly on the matter, shared details […]

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FG blames Discos for incessant grid collapse

The Federal Government, through the National Orientation Agency, has blamed the frequent collapse of Nigeria’s national grid—resulting in widespread blackouts—on the inability of electricity distribution companies to absorb the power generated. In a circular released on Wednesday titled “Why National Grid Collapses,” the NOA explained that while Nigeria has the capacity to generate up to […]

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FG secures over $1bn in oil, gas investments

The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen said that Nigeria has attracted over $1 billion in investments across various segments of the oil and gas sector. Speaking at the African Energy Week in Cape Town, South Africa, Verheijen emphasized that the President’s regulatory reforms are already yielding positive outcomes, boosting investor […]

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MDAs risk sanctions over N39tn liability gap

The Federal Government has issued a warning to Ministries, Departments, and Agencies over non-compliance with asset documentation standards, announcing plans to address Nigeria’s N39 trillion negative net asset balance through the establishment of a comprehensive National Assets Register. This was disclosed by the Accountant-General of the Federation, Dr. Oluwatoyin Madein, on Tuesday at a one-day […]

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FG seeks increased investment in agricultural sector

The Federal Government on Tuesday called on both local and international stakeholders to capitalize on the increasing interest in Nigeria’s agricultural sector by investing in large-scale mechanized farming. The Minister of Agriculture and Food Security, Senator Abubakar Kyari, made this disclosure at the inaugural edition of the three-day Farm, Food, and Allied Technologies Expo held […]

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FG urged to shelve tax reform bills

A tax expert and the Chief Executive Officer of AOC-Adebisi Oderinde & Co, Adebisi Oderinde, has urged President Bola Tinubu to reconsider the proposed tax reforms in Nigeria. “My advice is for us to make hay while the sun shines and the journey of 1,000km starts with a step, and slow and steady wins the […]

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Nigeria needs accurate data for successful energy transition — FG

The Federal Government has highlighted the need for accurate, reliable, and timely energy data to effectively guide and monitor the country’s energy transition process. This was disclosed by the Minister of Innovation, Science and Technology, Chief Uche Nnaji, during the official launch of the computerized National Energy Information System n Abuja on Monday, according to […]