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Tag: FG

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FG to review MTN’s $6.2b IHS acquisition over strategic concerns

The Federal Government has stated that MTN Group’s proposed $6.2 billion acquisition of IHS Holding Limited will undergo a thorough regulatory review, highlighting the strategic importance of telecom infrastructure to Nigeria’s economy and national security. Minister of Communications, Innovation and Digital Economy, Bosun Tijani, made this disclosure in a press statement on Tuesday. The all-cash […]

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FG boosts oil sector accountability with new calibration facility

The Federal Government has stepped up measures to boost accountability in the crude oil sector with the launch of Nigeria’s first Gravimetric Multifaceted Flow Metering Calibration Facility in Eket, Akwa Ibom State. Unveiled by the Nigerian Upstream Petroleum Regulatory Commission, the facility aims to improve the accuracy of crude oil measurements, reduce production losses, and […]

Business

FG partners IEA on gas emissions cut, energy cooperation

The Federal Government has signed a Memorandum of Understanding with the International Energy Agency to enhance collaboration on methane emissions reduction, gas development, clean cooking access, and technical support. In a statement issued Tuesday, the spokesperson to Minister of State for Petroleum Resources (Gas), Louis Mbah,said the agreement was signed at the IEA headquarters in […]

Investment

FG launches GROW fund to finance 6,000 young entrepreneurs

The Federal Government has unveiled the GROW Fund, an initiative designed to provide affordable financing to more than 6,000 young entrepreneurs who have completed training under the Inspire, Create, Start and Scale programme. The move seeks to bridge the persistent funding challenges faced by micro, small and medium enterprises across Nigeria. The GROW Fund is […]

Livestock sector can generate N33trn annually - FG
Business

FG, DBN, W’Bank partner to boost finance for livestock production

The Federal Government has teamed up with the Development Bank of Nigeria and the World Bank to boost livestock production by improving access to finance and providing capacity-building support for small and medium-sized enterprises. The initiative, part of the Livestock Productivity and Resilience Support programme, is being carried out in partnership with the Federal Ministry […]

Business

Nigeria procures 1.37m electricity meters from China via $500m W’Bank program

Nigeria has procured at least 1.37 million electricity meters from China under the $500 million World Bank-funded Nigeria Distribution Sector Recovery Programme, as the Federal Government intensifies efforts to bridge a metering shortfall impacting millions of power consumers. This was disclosed in a restructuring document published on the bank’s website. The document indicates that a […]

Manufacturers, importers to stop supplying drugs to Kano market
Business

FG orders NAFDAC to halt sachet alcohol ban enforcement

The Federal Government has ordered the National Agency for Food and Drug Administration and Control to halt all enforcement actions concerning the proposed ban on sachet alcohol and 200ml PET bottle alcoholic drinks. The government also directed the agency to immediately cease sealing factories and warehouses related to the matter. This was disclosed in a […]

FAAC funds to FG, states hit 7-year high in 2023
featured Finance

FG, states, LGs shared ₦26tn FAAC revenue in 2025

The Federal Government, 36 states and 774 Local Government Areas shared N26 trillion from Federation Account Allocation Committee revenue in 2025. This represents an 84.2 per cent year-on-year increase when compared to N14.11 trillion shared in 2024. Vanguard analysis of data in the FAAC communiques issued during the period showed that the Federal Government received […]

Court dismisses MAN’s lawsuit against electricity tariff hike
Electricity featured

FG vows stronger gas-to-power chain for reliable electricity

The Federal Government has reaffirmed its commitment to strengthening Nigeria’s gas-to-power value chain. This forms part of broader efforts to expand electricity supply, drive industrial growth, and reduce energy poverty across the country. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, made this known during his address at the National Gas Day session of […]

Economy featured

Senate hails FG’s launch of $7.7trn Halal economy plan

The Senate has hailed the Federal Government for the bold and forward-looking launch of Nigeria’s National Halal Economy Strategy. This strategic policy initiative aims to position the nation to competitively access the estimated $7.7 trillion global halal market and accelerate economic diversification. In a statement signed yesterday by the Chairman of the Senate Committee on […]

Umahi threatens MTN over Enugu-Onitsha road, orders N15bn monthly payment
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FG warns China Harbour over road project delays, quality concerns

The Federal Government has issued stern warnings and set firm deadlines for China Harbour Engineering Company and its affiliate, China Harbour Operation and Maintenance Company, over alleged substandard workmanship, delayed mobilisation, and environmental concerns on major federal road projects nationwide. The action followed a high-level meeting chaired by the Minister of Works, Senator David Umahi, […]

Finance Corporation invests $2bn in Nigeria - Official
featured Finance

FG signs IFC deal to fast-track bankable infrastructure projects

The Federal Government has signed a cooperation agreement with the International Finance Corporation, a member of the World Bank Group, to accelerate the delivery of bankable infrastructure projects and mobilise private capital essential for Nigeria’s economic transformation. The agreement was signed in Abuja on Wednesday. The signing ceremony was attended by the Minister of Budget […]

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