Tag: FG

Business

FG condemns misuse of frontier exploration fund, vows probe

The Federal Government has condemned the diversion and misuse of Nigeria’s Frontier Exploration Fund, overseen by the Nigerian Upstream Petroleum Regulatory Commission, warning that those responsible will be held accountable. Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, made the remarks on Monday in Lagos at the 43rd Annual International Conference and Exhibition of […]

Business

FG plans NNPC asset restructure amid low oil output

The Presidency is set to restructure asset ownership in the Nigerian National Petroleum Company Limited over concerns about its low oil output. Presidential Adviser on Energy, Olu Verheijen, disclosed this on Monday at the Nigerian Association of Petroleum Explorationists Conference in Lagos. Verheijen unveiled a plan to revitalise Nigeria’s oil and gas industry, emphasising energy […]

News

FG plans massive enrolment for one million out-of-school children

The Federal Government has disclosed comprehensive plans to ensure that over one million out-of-school children across the country are successfully returned to the mainstream education system. The Minister of Education, Dr. Tunji Alausa, made this announcement at the ongoing 69th summit of the National Council of Education in Akure, which is operating under the theme, […]

featured

FG to unveil emergency passport for Nigerians abroad

The Nigeria Immigration Service has unveiled plans to introduce a Single Travel Emergency Passport to replace the current Emergency Travel Certificate for Nigerians abroad. Comptroller-General of Immigration, Kemi Nanna Nandap, stated that the new document is part of ongoing reforms aimed at strengthening identity management and border governance in line with global best practices. She […]

Business

FG may sell local refineries to combat Dangote refinery dominance

The Federal Government has signaled that it may privatize its state-owned refineries to attract investment, enhance competition, and improve efficiency in the downstream oil sector, which is currently dominated by the Dangote Refinery. The announcement came from President Bola Tinubu’s Special Adviser on Energy, Olu Verheijen, during an interview with Bloomberg TV anchor Joumanna Bercetche […]

Telcos to receive $1bn network equipment in July — Minister
Economy

FG to invest ₦12bn in digital economy research projects

The Federal Government on Tuesday said it would invest ₦12 billion to fund digital economy research projects to ensure the country benefits from digital transformation dividends. The Minister of Communications and Digital Economy, Dr. Bosun Tijani, said this at the opening ceremony of the 18th edition of the International Conference on Theory and Practices of […]

News

FG grants temporary access to Lagos-Calabar highway following Lekki accident

The Federal Government has authorized the temporary use of the Lagos-Calabar Coastal Highway in Lagos following a truck accident on Monday in the Chisco area of Lekki, which led to heavy traffic congestion. According to a statement from the Lagos State Ministry of Transportation, the Federal Ministry of Works approved the highway’s temporary opening to […]

Business

FG’s 15% import levy stems from regulatory lapses – Expert

Co-Founder and Chief Executive Officer of Dairy Hills, Kelvin Emmanuel, has attributed the 15 per cent import tax introduced by the Federal Government to regulatory lapses in enforcing the Petroleum Industry Act. Speaking on ARISE News on Monday, Emmanuel said the Tinubu administration’s decision aligns with international trade laws and adheres to global standards on […]

Business

FG, private sector launch engagement forum to boost economic ties

The Federal Government, through the Ministry of Finance, has hosted the inaugural edition of the Government-Private Sector Dialogue Series. Held on Saturday, November 1, at the Radisson Blu Hotel in Ikeja, Lagos, the event forms part of the government’s initiative to align national economic reforms with real-world business realities. Speaking on the theme “Finance and […]

Umahi threatens MTN over Enugu-Onitsha road, orders N15bn monthly payment
News

FG, Abia partner on new model for road development

The Federal Government has formally transferred the completion of several major federal road projects in Abia State to the state government, marking what officials called a new model of collaboration to accelerate road infrastructure delivery under the Renewed Hope agenda. The handover, approved by President Bola Tinubu, was announced by the Minister of Works, Senator […]

Business

Edun reaffirms FG’s commitment to sustaining economic reforms

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reiterated the federal government’s resolve to sustain ongoing economic reforms and promote inclusive financing as key levers for driving growth beyond four percent. Chairman of the Committee of Bank CEOs and Group Managing Director of United Bank for Africa Plc, Oliver Alawuba, […]

Business

FG reaffirms commitment to fast-tracking Brass Gas project

The Federal Government has reaffirmed its commitment to accelerating the completion of the multi-billion-dollar Brass Gas Projects in Bayelsa State, underscoring the initiative as a key driver of Nigeria’s industrialisation through the strategic use of natural gas. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, stated this on Thursday at a two-day All-Party Stakeholders’ […]