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6 Uncomplicated Ways to Get Studying Fun

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Investment commission pledges FDI support to improve Nigeria’s

  • March 6, 2022
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Nigeria’s gas revolution will lift West Africa’s energy

  • March 6, 2022

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Tag: FG

10 facts about the Lekki deep seaport
News

FG projects $7.2bn expenditure on two deep seaport projects

The Federal Government will need to invest about $7.2bn to complete two approved deep seaports across the country. The projects are Ibom, Badagry Deep Seaports, according to The Punch. The federal government granted $2.016 billion for the first phase of the $4.6 billion Ibom Deep Seaport, according to the Akwa Ibom State Government in December […]

News

FG extends free CNG conversion programme nationwide

The federal government on Tuesday announced the extension of the free conversion of petrol and diesel-powered commercial vehicles to Compressed Natural Gas to alleviate the severe effects of the current nationwide economic reforms. Additionally, the government announced that it was in negotiations with the Nigerian Midstream and Downstream Petroleum Regulatory Authority leadership to offer discounted […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
News

FG partner W’Bank to unlock over $300bn in dead capital 

The Federal Government has established a partnership with the World Bank Group to raise land formalization to 50% over the next 10 years, in an effort to free up more than $300 billion in dead capital. This was disclosed by the Minister of Housing and Urban Development, Arc. Musa Dangiwa, during the Nigerian Liveable Cities […]

News

FG warns IOCs against disregarding gas flare directives

The Federal Government, on Wednesday, warned International Oil Companies operating in Nigeria to refrain from disregarding directives of various regulatory agencies on gas flaring. It stressed that noncompliance would not be tolerated and indicated that while a small number of IOCs frequently followed these instructions, the majority of oil companies did not. This was disclosed […]

News

FG eyes 9,000MW from renewable energy

The Federal Government has stated that it anticipates the renewable energy sector to contribute roughly 9,000 Megawatts of power supply to the nation by the year 2030 as part of the overall plan to address energy poverty in Nigeria. This was disclosed by the Minister of Power, Adebayo Adelabu, on Wednesday at the opening of […]

FG spends 74% of revenue on debt in Q1 2024
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FG spends 74% of revenue on debt in Q1 2024

Debt servicing costs have become a burden for Nigeria’s federal government, consuming a staggering 74% of its retained revenue in the first quarter of 2024, according to the latest data from the Central Bank of Nigeria. The federal government’s retained revenue for this period amounted to N1.76 trillion, marking a notable increase of 33.8% from […]

News

FG to spend N36bn on CNG conversion of 30,000 diesel-powered cars

The Federal Government plans to convert 30,000 petrol or diesel-powered vehicles to run on compressed natural gas, at an average cost of N36 billion in the next ninety days. The Project Director and Chief Executive Officer of the Presidential Compressed Natural Gas Initiative, Michael Oluwagbemi, stated this during the Park to Park CNG Mobilisation programme […]

FG to intervene in building, manufacturing sector – Shettima
News

FG launches strategy for Africa’s digital trade transformation

The Federal Government of Nigeria unveiled a comprehensive plan on Friday to drive the continent’s digital trade revolution aligning with the African Continental Free Trade Agreement framework. This was disclosed by the Vice President, Kassim Shettima while delivering a keynote address during a stakeholders summit with the theme “Digital Trade in Africa: The Renewed Hope […]

News

FG shuts illegal hold mine site in Kogi

The Federal Government has shut down an illicit gold mine location in Kogi State’s Yagba East Local Government Area. The Minister of Solid Minerals Development, Dr Dele Alake, stated that the action was taken as part of the Federal Government’s resolve to stop illicit mining and reposition the industry to raise Nigeria’s status internationally. This […]

News

FG launch cleantech initiative to empower startups, SMEs 

The Federal Government has unveiled the National Cleantech Innovation Entrepreneurship Ecosystem, an initiative that aims to promote small and medium-sized businesses and startups in the nation. This was disclosed in a statement by the Minister of Innovation, Science, and Technology, Chief Uche Nnaji via his official X account on Thursday. The Global Cleantech Innovation Programme […]

News

FG seeks regulations for e-commerce platforms in Nigeria

Federal government intends to create regulations for e-commerce platforms and provide cyber insurance to enhance security in the digital economy. This was revealed in the National Digital Economy and E-Governance Bill currently before the National Assembly, according to The Punch. To increase security in electronic trade, the National Insurance Commission is required by law to […]