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FG seeks technical, financial help to revive Ajaokuta steel

The Federal Government on Friday announced new efforts to revive the long-dormant Ajaokuta Steel Company—an asset seen as central to Nigeria’s industrial development and job creation plans. As part of the renewed push, the government has opened high-level negotiations with major Chinese steel conglomerates to secure technical expertise, financial support, and strategic partnerships aimed at […]

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FG moves to revoke dormant oil licences

The Nigerian Upstream Petroleum Regulatory Commission has announced plans to enforce the ‘drill or drop’ policy, which requires oil producers to either begin developing allocated oil blocks or relinquish them. NUPRC Chief Executive, Gbenga Komolafe, made this known during a recent meeting with representatives of the Independent Petroleum Producers Group at the commission’s headquarters in […]

Business

FG invests $50m in impact investment fund

The Federal Government has reaffirmed its dedication to sustainable economic growth with a $50 million investment in the Nigeria Wholesale Impact Investment Fund, bringing the fund’s first close to $100 million. This was disclosed by the Federal Ministry of Finance of account on Tuesday via it’s official X handle. According to the post, the Minister […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
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W’Bank loan at risk as FG fails audit revenue reform

The Federal Government risks losing $4 million from a World Bank loan after failing to meet auditing standards tied to a major revenue reform initiative involving the Federal Inland Revenue Service and the Nigeria Customs Service. The forfeited amount is part of the $103 million Fiscal Governance and Institutions Project, a public financial management programme […]

Over 160,000 benefited from Tinubu's transport subsidy - Alake
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Nigeria partners Australia to promote research, capacity building in mining 

The Ministry of Solid Minerals Development has launched a capacity-building programme for Nigerian mining professionals at Murdoch University in Australia. The two-week training, which began on June 8, 2024, is part of a bilateral agreement between Nigeria and Australia, with support from the Commonwealth of Nations. The initiative aims to bridge skill gaps in Nigeria’s […]

Cut corporate tax to 7.5%, NACCIMA urges Tinubu
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Presidency spends over ₦23b on FX for foreign trips 

The Presidency spent more than ₦23 billion in 2024 on the purchase of foreign currencies to cover the costs of international trips by top government officials, including President Bola Tinubu, Vice President Kashim Shettima, and First Lady Oluremi Tinubu. This amount represents a significant increase from the ₦18.63 billion spent in 2023 — a rise […]

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FG to train 100,000 artisans in 2025

The Federal Government has unveiled plans to train 100,000 artisans across Nigeria in 2025 as part of efforts to stimulate economic growth through skill development. This was revealed by the Director-General of the Industrial Training Fund, Dr. Oluwatoyin Ogun, on Tuesday in Akure during the inauguration of the Association of Nigerian Artisans and Technicians Secretariat […]

Agribusiness

FG, Nestlé launch initiative to boost milk production

The Federal Government, in collaboration with Nestlé Nigeria, has launched a new initiative to equip Nigerian farmers with technical skills to increase milk production and enhance their livelihoods. The partnership was announced on Monday during the signing of a memorandum between Nestlé Nigeria and the Ministry of Livestock Development, marking World Milk Day 2025. The […]

Court dismisses MAN’s lawsuit against electricity tariff hike
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FG moves to settle ₦2tn legacy power sector debt

The Presidency has initiated internal approval processes to settle the ₦2 trillion legacy debt owed to electricity generation companies by the end of the next quarter, as part of efforts to stabilise Nigeria’s power sector. This was revealed on Monday by a representative of Eriye Onagoruwa, Special Adviser to the President on Energy, during the […]

N130bn Sukuk listed on NGX, FMDQ - DMO
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FG savings bonds open for June with 17.121% interest rates

The Debt Management Office has opened subscriptions for the June 2025 Federal Government of Nigeria Savings Bonds, offering interest rates of up to 17.121% per annum The subscription window opened on Monday, June 2, 2025, and will close on Friday, June 6, 2025. This was disclosed by DMO via X (formerly Twitter) on Monday stating, […]

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Nigeria to deploy AI, blockchain, RPA in public sector reform

The Federal Government is taking steps to modernize public service delivery by adopting emerging technologies such as Artificial Intelligence, Machine Learning, Blockchain, and Robotic Process Automation across its Ministries, Departments, and Agencies. This was revealed at the 2025 ITGOV Conference by the Director General of the Bureau of Public Service Reforms, Dr. Dasuki Arabi, who […]

Business

FG revives NATEP to capture $1tn global outsourcing market

The Federal Government has relaunched the National Talent Export Programme, naming development finance expert Teju Abisoye as Director-General to spearhead Nigeria’s drive to capture a significant share of the $1 trillion global outsourcing market. Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, announced the relaunch in Lagos on Friday describing the programme as a […]

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