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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’ […]

2023 budget: ASUU threatens strike over unreleased N170bn
News

FG releases ₦2.3bn to clear ASUU salary, promotion arrears

The Federal Government said it has released about ₦2.3 billion to pay arrears and backlogs owed to the Academic Staff Union of Universities and other university-based unions. A statement signed by the Director, Press and Public Relations, Ministry of Education, Folasade Boriowo, on Wednesday, said the funds were released through the office of the Accountant-General […]

Business

FG urges S’East businesses to utilize ECOWAS trade scheme

The Federal government has urged the business community in the South East to avail themselves of the opportunity presented by the Economic Community of West African States Trade Liberalization Scheme to boost the international trade of their products. The ETLS is a trade instrument established in 1979 by ECOWAS as a cornerstone for regional integration, […]

News

FG signs $400m deal for new steel plant in Ogun

Nigeria’s long-awaited steel revolution may finally be taking shape as the Federal Government on Wednesday announced the signing of a $400 million cooperation agreement with Stellar Steel Company Limited, a Chinese-backed firm, to establish a major steel plant in Ewekoro, Ogun State. The deal, signed in Abuja between the Federal Ministry of Steel Development and […]

FG sets December deadline for completion of East-West road
Business

Local contractors threaten protest over unpaid 2024 projects debt

The Association of Indigenous Contractors of Nigeria has threatened to stage a nationwide protest on November 3, 2025, over the Federal Government’s alleged refusal to pay for projects completed during the 2024 fiscal year. Speaking at a press conference on Tuesday in Abuja, AICAN National President, Jackson Ifeanyi, condemned the situation as a “grave injustice” […]

Electricity

FG secures ₦700bn to install 1.1m electricity meters

The Federal Government has obtained about ₦700 billion from the Federation Account Allocation Committee to fund the installation of 1.1 million electricity meters nationwide by December 2025. Minister of Power Adebayo Adelabu disclosed this on Tuesday in Lagos during the 2025 Nigerian Energy Forum, themed “Powering Nigeria through Investment, Innovation, and Partnership,” according to the […]

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