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FG borrowed ₦11.9tn in 31 months, says Oyedele

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Ekiti approves ₦3bn for new high court office complex

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Tag: FG

Finance

FG allocates N10bn to maintain Shettima’s aircraft

The Federal Government has earmarked a cumulative sum of N10.61bn for the overhaul of engines on the Gulfstream G550 aircraft assigned to Vice President Kashim Shettima over a three-year period, according to an analysis of appropriation bills spanning 2024 to 2026. The aircraft, registered as 5N-FGW, accounted for the largest single allocation among all engine […]

Policy and Regulations

FG reviews tariff policies to boost local production

The Federal Government has commenced a strategic review of tariff policies aimed at encouraging local production, protecting domestic industries, and easing the cost of doing business. The move followed a high-level meeting involving the Tariffs Review Board and the Minister of State for Finance, Dr Doris Uzoka-Anite, where existing tariff regimes were assessed against the […]

Business

FG to raise N189bn in 2026 via asset sales

The federal government aims to generate over N189 billion in 2026 through the sale of national assets and the privatisation of select public holdings, making asset disposals a key component of financing what is set to be Nigeria’s largest budget in nominal terms. In the 2026 Appropriation Bill, the N189.16 billion forms part of a […]

featured

Nigeria to spend over ₦91tn on debt service by 2028

Nigeria’s federal government, led by President Bola Tinubu, is projected to spend over ₦91 trillion on debt servicing between 2023 and 2028. The figure underscores the rising burden of public borrowing amid consistently weak revenue performance. The estimate draws on debt service allocations in the 2023 and 2024 budgets, the 2025 Appropriation Act, and forward […]

Housing

FG unveils integrated housing, agriculture project in Niger

The Federal Government has launched the Sustainable Integrated Productive Communities, a wide-ranging initiative designed to integrate mass housing, agriculture, renewable energy and enterprise development into a single development framework, with the first pilot project scheduled to begin in Niger State. The initiative is aimed at tackling food security challenges, expanding access to affordable housing, promoting […]

featured Helth

FG allocates ₦42bn for basic healthcare in 2026 budget

The Federal Government has proposed a sum of ₦42.18 billion to provide basic healthcare services for 10 million vulnerable Nigerians, drawn from the ₦2.48 trillion allocated to the health sector in the proposed 2026 budget. The proposed allocation is intended for the procurement of drugs, medical consumables, equipment, laboratory reagents and test kits, with a […]

Helth

FG enforces ‘no-work-no-pay’ policy on striking JOHESU

The Federal Government has directed federal hospitals across the country to immediately enforce a “No Work, No Pay” policy on members of the Joint Health Sector Unions and Assembly of Health Care Professionals participating in the ongoing strike. The government also mandated all federal health institutions to sustain emergency services nationwide despite the continued industrial […]

2023 budget: ASUU threatens strike over unreleased N170bn
featured News

FG, ASUU to sign 40% salary increase agreement Wednesday

The Federal Government is set to formally sign an agreement with the Academic Staff Union of Universities following several weeks of negotiations between both parties. The impending agreement is believed to be connected to the 40 per cent salary increase for academic staff proposed by the Federal Government last month and subsequently accepted by the […]

150,000 Nigerians got FG's N50k grant - Minister
Business

FG, Niger sign MoU for 100,000-hectare mass housing, agricultural project

Ministry of Finance and the Niger State Government have signed a Memorandum of Understanding for a Mass Housing and Agricultural Settlement Project spanning 100,000 hectares of land in the state. The agreement was announced at a signing ceremony held on Friday at the Ministry of Finance headquarters in Abuja, according to Nairametrics. The project will […]

Business

FG allocates N6.04bn on salaries for idle Ajaokuta Steel Complex

The Federal Government plans to spend N6.04 billion on personnel costs for Ajaokuta Steel Company Limited in the 2026 fiscal year, despite the steel complex remaining non-operational more than 40 years after its inception. In the 2026 Appropriation Bill, the company was allocated a total of N6.69 billion for the year, with personnel expenses alone […]

Finance

FG allocates N1.8tn from 2026 budget for unpaid contractors

The Federal Government has made provisions to settle outstanding debts owed to contractors for capital projects executed in 2024, earmarking N1.7tn for the purpose in the proposed 2026 Appropriation Bill. A detailed breakdown of the 2026 national budget shows that the allocation is listed under a specific line item titled Provision for 2024 Outstanding Contractor’s […]

News

FG allocates N2.3bn for ex-presidents in 2026 budget

The Federal Government has allocated N2.3 billion in the 2026 budget for the payment of benefits and entitlements to Nigeria’s former presidents, heads of state, and their deputies. The 2026 Appropriation Bill, this funding falls under the line item titled “Entitlements of former Presidents/Heads of State and Vice Presidents/Chiefs of General Staff,” according to Nairameteics. […]

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