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FG mulls ban on 60,000-litre tankers amid rising accidents

The federal government announced on Wednesday that it is considering banning 60,000-litre petroleum trucks due to the rising number of tanker accidents, which have claimed 493 lives in less than three years. During a stakeholders’ engagement in Abuja, the government proposed limiting tankers’ carrying capacity to a maximum of 45,000 litres to reduce the frequency […]

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Industries dump national grid for other power sources – Minister

The Minister of Power, Chief Adebayo Adelabu, emphasized the need to restore confidence in Nigeria’s central power supply as industries increasingly shift to alternative energy sources. Adelabu disclosed this in a statement during the commissioning of training equipment and simulation infrastructure for power distribution capacity development, built by the National Power Training Institute of Nigeria […]

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FG vows to revive textile industry, ensure fair competition

The Federal Government of Nigeria has pledged to revitalize the nation’s textile industry and implement policies that ensure a level playing field for local manufacturers. The Minister of State for Industry, Senator John Enoh, made this commitment on Wednesday during a visit to Sunflag Nigeria Limited, a textile manufacturing company in Lagos, as part of […]

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FG to reform cooperative sector for growth, cohesion – Minister

The Federal Government of Nigeria is actively pursuing reforms to revitalize the nation’s cooperative sector, aiming to bolster economic growth, enhance social cohesion, and reduce poverty. The Minister of State for Agriculture and Food Security, Senator Aliyu Abdullahi, revealed this during a technical strategy session on the Cooperative Reform Programme held in Abuja on Wednesday. […]

FG bags $2.2bn Sun Africa deal to develop power sector
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FG allocates ₦100bn for solar mini-grids in public institutions

The Federal Government plans to install solar mini-grids in public institutions nationwide, allocating ₦100 billion under the 2025 budget. The initiative, part of the National Public Sector Solarisation Initiative, aims to lower governance costs by reducing spending on diesel, generators, and maintenance. The Managing Director of the Rural Electrification Agency (REA), Abba Aliyu, disclosed this […]

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Nigeria to gain from $4.4bn agro-industrial investment

African Development Bank President, Akinwumi Adesina, has announced that Nigeria will benefit significantly from a $4.4 billion investment to expand Special Agro-Industrial Processing Zones across all 36 states and the FCT. Adesina made this disclosure during an interview with Arise TV on Monday, stating that agricultural transformation is key to driving broader economic growth. Launched […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
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FG, W’Bank discuss capital market funding for infrastructure devt

The Federal Government has begun discussions with the International Finance Corporation, a member of the World Bank Group, on policy strategies to leverage the capital market and other funding options for infrastructure development through Public-Private Partnerships. This was the focus of a meeting between the Infrastructure Concession Regulatory Commission and the World Bank team, which […]

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FG plans clean cooking energy for 1m households

The Federal Government plans to transition one million households from firewood-based cooking to clean energy, Minister of Women Affairs Hajiya Imaan Sulaiman-Ibrahim announced Friday in Abuja during a citizens’ engagement marking her 100 days in office. She said the initiative is part of efforts to promote gender-responsive climate action. She noted that women are at […]

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Minister condemns brass refinery abandonment, vows project revamp

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has condemned the abandonment of the Brass Modern Refinery project in Bayelsa State, calling it unacceptable. The minister stated this during an inspection visit to Brass Local Government Area, where he also assessed the Ewa-Ama road project leading to the Brass Petroleum Products Terminal. […]

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FG plans 500% increase in broadband investments – Minister

The Federal Government plans to boost broadband investments by 300 to 500 percent through a new initiative aimed at accelerating internet connectivity nationwide, according to the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani. The initiative, called the National Broadband Alliance for Nigeria, will act as a collaborative platform, uniting public institutions, telecom operators, […]

Only 5% have over N500,000 in their bank accounts — Wale Edun
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FG to Issue N758bn bonds to settle pension arrears

The Federal Government has announced plans to issue bonds worth N758bn to settle accumulated pension debts. This includes arrears under the old Defined Benefit Scheme prior to the introduction of the Contributory Pension Scheme in 2004, according to the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who spoke to journalists on […]

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Nigeria needs annual $20bn gas investment to boost production – NEITI

The Nigeria Extractive Industries Transparency Initiative announced on Monday that Nigeria, ranked as the ninth largest gas producer globally and the top producer in Africa, would need to invest $20 billion annually into its gas infrastructure. The Executive Secretary of NEITI, Dr. Ogbonnaya Orji, made this disclosure in the 2021–2023 report on Oil, Gas, and […]

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