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Business

FG rules out new taxes on telecom, petroleum products

The Federal Government has dismissed reports suggesting it plans to impose new taxes on telecommunications services and petroleum products, despite recommendations contained in the International Monetary Fund’s Article IV Consultation Report on Nigeria. The clarification was provided by the Senior Special Assistant on Communications and Press Secretary to the Minister of Finance and Coordinating Minister […]

Uncategorized

FG releases N2.68tn of N54.93tn budgeted for roads, bridges

The Federal Government released about N2.68tn for the construction, rehabilitation and maintenance of roads and bridges nationwide between 2023 and April 2026. However, the analysis showed a wide gap between budgeted allocations and actual releases, with N54.93tn earmarked for road projects during the period, according to The PUNCH. The figures underscore the government’s growing focus […]

Business

FG denies cooking gas export claims

A senior official of the Federal Ministry of Petroleum Resources has dismissed allegations that locally produced cooking gas is being exported for foreign currency earnings at the expense of Nigerian consumers, maintaining that the federal government’s ban on Liquefied Petroleum Gas exports remains in effect despite concerns over rising prices and supply shortages. The clarification […]

featured Oil and Gas

Criminals pose as FG taskforce to steal nine kilometres pipeline — NNPCL

The Nigerian National Petroleum Company Limited has uncovered a disturbing trend in the country’s worsening pipeline vandalism crisis, revealing that well-equipped criminal syndicates are disguising themselves as members of a purported Federal Government task force to steal critical oil infrastructure. The company disclosed that 24 cases of vandalism had been recorded along sections of the […]

Electricity

Nigeria targets 209,000MW power capacity with $11bn solar projects

Nigeria is targeting a major expansion of its electricity generation capacity, with plans to achieve 209,000 megawatts of power generation by 2050, especially with 53 large-scale renewable solar power projects valued at about $11bn underway, according to a report by IIR. Vanguard reported that the projects, which IIR said are being tracked across the country, […]

Business

FG pledges stronger fiscal reporting, transparency after IMF review

The Federal Government has pledged to strengthen fiscal reporting, budget transparency, and data integrity in line with recommendations from the International Monetary Fund, while welcoming the Fund’s broadly positive assessment of Nigeria’s ongoing economic reforms. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this in a statement issued on Tuesday […]

Business

FG unveils $1bn AfCFTA credit facility to boost African trade

The Federal Government has reiterated its commitment to advancing Nigeria’s export-driven growth under the African Continental Free Trade Area, announcing opportunities for businesses to access a $1 billion AfCFTA Adjustment Fund Credit Facility aimed at strengthening production, competitiveness, and intra-African trade. The Minister of Industry, Trade and Investment, Jumoke Oduwole, made this known on Tuesday […]

Transportation

FG plans rail link to connect Lagos airport terminals

The Federal Government is planning rail connectivity that will link the Murtala Muhammed International Airport, the General Aviation Terminal, and the Murtala Muhammed Airport Terminal Two in Lagos to improve passenger movement and airport accessibility. Nairametrics reported that the disclosure was made by the Minister of Aviation and Aerospace Development, Festus Keyamo, during his keynote […]

featured Policy and Regulations

FG gives HR officers one year to get certification

The Federal Government has given civil servants performing human resource functions across ministries, departments and agencies a one-year deadline to obtain approved professional certifications as part of efforts to professionalise human resource management in the Federal Civil Service. An exclusive circular obtained by The PUNCH from the Office of the Head of the Civil Service […]

Finance

FG clears over ₦700bn contractor debts

The Federal Government has processed payments exceeding N700bn in verified obligations owed to local contractors over the past few months, including N436.6bn disbursed in May alone, as part of efforts to clear long-standing debts and stimulate economic activity. The PUNCH reported that the Federal Ministry of Finance disclosed this in a statement issued on Monday […]

Business

FG schedules Wednesday flight for stranded Nigerians in South Africa

Nigeria will begin evacuating its citizens from South Africa this week following anti-immigrant attacks and protests in Africa’s largest economy. The Federal Government has scheduled the first evacuation flight for Wednesday. This was disclosed in a text message by the spokesperson for the Ministry of Foreign Affairs, Kimiebi Imomotimi Ebienfa, according to Reuters. South Africa […]

Business

FG delays Nigerians’ evacuation from S’Africa over logistical challenges

The Federal Government has postponed the evacuation of the first group of Nigerians seeking to return from South Africa amid renewed xenophobic attacks against foreign nationals. The Ministry of Foreign Affairs disclosed the development on Monday, citing logistical constraints as the reason for the delay. According to the ministry’s spokesperson, Kimiebi Ebienfa, the evacuation flight, […]

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