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Tag: FG

featured

FG takes steps to prevent blackout amid mounting debt

The Federal Government has pledged to take necessary steps to clear the N4.7 trillion debt owed to power generation companies to prevent a nationwide blackout. Stakeholders have raised concerns that some GenCos may be forced to shut down due to liquidity challenges unless the government intervenes urgently to settle outstanding payments. In an interview, Minister […]

FG demands applicants' NINs for trade grants
News

FG cracks down on illegal NIN card printing

The Federal Government has launched a clamp down on individuals and organizations illegally printing National Identification Number cards. The National Identity Management Commission has warned that offenders would face legal action, noting that cyber cafés and other entities have been producing fake NIN cards and charging unsuspecting Nigerians high fees. NIMC emphasized that only authorized […]

Housing

AIHS partners finance ministry to push affordable housing finance 

The Africa International Housing Show has announced a strategic partnership with the Ministry of Finance Incorporated to organize a one-day stakeholders engagement and enlightenment programme focused on MOFI’s intervention initiatives. The stakeholders engagement and enlightenment programme with MOFI is scheduled to take place during the 19th edition of the Africa International Housing Show set for […]

News

FG to introduce standard operating code for Zamfara gold mining

The Federal Government has announced plans to regulate gold exploration in Zamfara State through the introduction of a standard operating code designed to create a more organized and transparent mining process. This was disclosed by the Minister of Solid Minerals Development, Dele Alake, during a press briefing marking the first anniversary of the Mining Marshals—a […]

Electricity

Nigeria to tap Egypt’s expertise in power generation – Adelabu

The Federal Government has expressed its intention to learn from Egypt’s success in power generation and transmission, describing the North African country as a role model in the energy sector. It also reaffirmed its commitment to enhancing rural development by improving electricity access across underserved communities. This was disclosed by the Minister of Power, Adebayo […]

Nigeria expecting $2.2bn loans from World Bank - Minister
Energy

FG calls for increased private sector investment in energy

The Federal Government has called for increased private investment in the energy sector to drive universal access at the Sustainable Energy for All Global Forum in Barbados. This was disclosed in a statement on the government’s official X (formerly Twitter) handle following an event themed “ SEforALL Forum” on Friday. The Finance Minister and Coordinating Minister […]

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FG shifts focus to investment, cuts reliance on borrowing – Minister

The Federal Government has enhanced its resource allocation strategy to improve efficiency and sustainability while reducing dependence on high-cost commercial borrowing. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced this on Thursday at the opening of a two-day high-level interactive session in Abuja. Edun stated that instead of accumulating more […]

150,000 Nigerians got FG's N50k grant - Minister
News

FG directs finance ministry to develop plan for asset management

The Ministry of Finance Incorporated has been directed to develop a comprehensive roadmap for valuing and managing all Federal Government of Nigeria assets, both domestic and international. This initiative emphasizes transparency, accountability, and alignment with global best practices, with clear milestones and timelines to ensure effective implementation. The Honourable Minister of State for Finance, Dr. […]

News

FG pledges inclusive road network under Tinubu’s administration

The Minister of Works, David Umahi, has assured that no part of Nigeria will be left out in President Bola Tinubu’s plan to develop a robust road infrastructure network. According to a statement by the ministry’s Director of Information, Mohammed Ahmed, Umahi also praised the president for approving funding and providing leadership for the construction […]

featured

Local refineries key to lower fuel prices, reduced importation – Minister

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has emphasized that increasing local refining capacity will help lower fuel prices and reduce Nigeria’s reliance on imported petroleum products. Lokpobiri reaffirmed the Federal Government’s commitment to optimizing the downstream sector to strengthen the country’s energy security. He made this disclosure while receiving the Chief […]

Aviation

FG to review air service agreement with Jamaica

The Federal Government is reviewing its Bilateral Air Service Agreement with Jamaica to establish a direct flight route between both countries. This was disclosed in a statement by the media aide to the Minister of Aviation and Aerospace Development, Festus Keyamo, Tunde Moshood, on Wednesday. Moshood referenced a meeting between the Jamaican Ambassador to Nigeria, […]

News

FG reaffirms commitment to CVFF disbursement

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reaffirmed President Bola Tinubu’s commitment to disbursing the Cabotage Vessel Financing Fund This was stated in a release on Monday by the Head of Public Relations at the Nigerian Maritime Administration and Safety Agency, Osagie Edward. According to the statement, the decision […]

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