Tag: FG

Business

FG plans 7,000 digital hospitals for rural areas – Minister

The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, announced that the Federal Government plans to establish 7,000 digital hospitals in rural communities. He made this disclosure on Wednesday in Abuja while unveiling a digital hospital and school in the Ibwa 2 community, located in Gwagwalada, Federal Capital Territory. The Minister stated that […]

News

FG secures $134m AfDB loan to boost seed, grain production

The Nigerian Federal Government has secured a $134 million loan from the African Development Bank to enhance seed and grain production, aiming to strengthen food security and drive economic growth through agriculture. The announcement was made by Sen. Abubakar Kyari, Minister of Agriculture and Food Security, during the launch of the 2024/2025 National Dry Season […]

Aviation

FG reintroduces $300 helicopter landing levy for oil firms

The Federal Government has reintroduced the $300 levy on offshore helicopter landings, this time assigning the payment responsibility to oil companies instead of helicopter operators. Minister of Aviation and Aerospace Development, Festus Keyamo, announced the policy shift during an interview on Arise TV on Tuesday. Keyamo noted that helicopter operators initially opposed the $300 offshore […]

Cut corporate tax to 7.5%, NACCIMA urges Tinubu
Business

FG provides details on Tinubu’s $21.5b external loan request

The Federal Government has provided clarification regarding President Bola Tinubu’s request to the National Assembly for approval of a new $21.5 billion external borrowing plan, which is part of the proposed borrowing strategy for 2025-2026. In a press statement on Tuesday, the Director of Information and Public Relations at the Federal Ministry of Finance, Mohammed Manga, […]

Aviation

Nigeria, Venezuela launch Abuja-Caracas flights, mark 60-years diplomatic ties

Nigeria and Venezuela have reaffirmed their commitment to strengthening economic and diplomatic relations with an agreement to launch direct flights between Abuja and Caracas. The move marks 60 years of diplomatic ties between the two nations and aims to boost trade, tourism, and cultural exchange. The two oil-producing nations, both members of the Organisation of […]

Aviation

Operators clash with FG over helicopter landing fee

The Nigerian Airspace Management Agency has reignited a contentious dispute with helicopter operators as NAMA moves to reintroduce the controversial $300 helicopter landing fee, according to an internal memo obtained by The PUNCH. The directive, dated May 15 and signed by NAMA’s General Manager of Air Traffic Control Operations, Akut D.S., instructs two private firms […]

FG begins construction of 700km Lagos-Calabar highway
News

FG begins payment of N35,000 wage arrears to civil servants

The Federal Government has begun disbursing the N35,000 wage arrears to federal civil servants nationwide. According to a statement released on Monday by the Office of the Accountant-General of the Federation, many government workers have already received their payment alerts, while others are expected to receive theirs soon. The Director of Press and Public Relations […]

News

FG launches intra-African air cargo corridor with 50% discount

The Federal Ministry of Industry, Trade and Investment, in partnership with the United Nations Development Programme and Uganda Airlines, has officially launched the Nigeria–East/Southern Africa Air Cargo Corridor. This groundbreaking export initiative operates under the African Continental Free Trade Area framework. At the event held on Africa Day at Nnamdi Azikiwe International Airport, Abuja, Minister […]

featured

FG moves to revive steel industry

The Nigerian Federal Government has ramped up efforts to resuscitate the nation’s struggling steel industry, with a strategic inspection visit to Premium Steel and Mines Limited, formerly Delta Steel Company, in Ovwian-Aladja, Delta State. The move signals a renewed push to restore Nigeria’s steel assets as part of a broader economic revitalization plan. Led by […]

Aviation

FG shifts aviation policy to prioritize local airlines

The Federal Government has announced a shift in its aviation policy, opting to focus on strengthening local airlines rather than pursuing the creation of a national carrier. This new direction was disclosed by the Minister of Aviation and Aerospace Development, Festus Keyamo, at the launch of a book titled “100 Years of Civil Aviation in […]

Aviation

FG to sanction airlines flying passengers without visas into Nigeria

The Minister of Interior, Olubunmi Tunji-Ojo, has announced that airlines flying passengers into Nigeria without valid visas will face sanctions. Speaking at a sensitization programme on the newly launched e-visa policy in Lagos on Friday, Tunji-Ojo said the enforcement measure follows consultations with the Minister of Aviation and Aerospace Development, Festus Keyamo, and the Director […]

Business

FG eyes N300b from FGN bond market in May 

The Federal Government of Nigeria, via the Debt Management Office, aims to raise N300 billion from the domestic bond market in May 2025, marking a 12.5% decline from the N350 billion offered in April 2025. This reduction suggests a moderate adjustment in borrowing strategy, possibly reflecting improved fiscal conditions, lower immediate funding requirements, or strategic […]