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Tag: FG

Ports and Airports

FG approves port workers’ salary increase

The Federal Government has approved salary increment for the staff members of the Nigerian Ports Authority.   The Minister of Transportation, Mu’azu Sambo, said this over the weekend at the long service award organised by the management of the NPA, commending the management of the agency for their commitment to staff welfare.   The Minister […]

Agribusiness

FG gives new rice, other crops to farmers

    Wilson Adekumola   The Federal Government has given new rice and other crop varieties to reinforce its commitment to boost food production in the country. According to the News Agency of Nigeria, the new rice variety known as FAR068 and other crop varieties were released to the committee of farmers during the 31st […]

Naira scarcity: Hardship vital for economy, says finance minister
News

Subsidy: Buhari regime borrowing to import fuel, says minister

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has revealed that the Federal Government sometimes borrows funds to buy petrol as the country continues to incur rising fuel subsidy bills. According to The PUNCH, she stated this on Tuesday on the sidelines of the World Economic Forum in Davos, while speaking during an […]

How more taxes'll reduce debt load - FG
featured News

FG to remove fuel subsidy Q2 2023 – Finance minister

Nigeria’s Minister of Finance, Dr. Zainab Ahmed, has stated that it would be prudent for the Major General Muhammadu Buhari (retd.), led administration to begin phasing out fuel subsidies from the start of the second quarter of 2023. Ahmed stated this during an interview on Arise TV, while attending the ongoing in Davos, Switzerland on […]

FG target Spanish investors for seven oil blocs
Investment

FG target Spanish investors for seven oil blocs

  The Federal Government of Nigeria on Thursday reached out to Spanish investors in an effort to entice them to participate in Nigeria’s 2022 deep offshore mini-bid round. According to The PUNCH, the government also announced that Spain would provide Nigeria with support in the area of oil and gas sector security. During a meeting […]

Nigeria Air: FG warns against fake recruitment website
Aviation

FG invested $12.5m in Nigeria Air

The Federal Government’s 5% ownership in Nigeria Air, the country’s national airline, is worth $12.5 million. According to Nairametrics, this was disclosed by the Transaction Adviser to the project, Prof. Tilmann Gabriel. According to him, the Nigerian government invested $12.5 million as launch capital for the airline, asserting that the investment was in keeping with […]

How FG can avoid recession in 2023 - LCCI
Business featured

How FG can avoid recession in 2023 – LCCI

The Federal Government has been urged to continue its interventions in crucial economic areas if the nation is to avoid a recession in 2023, according to the Lagos Chamber of Commerce and Industry. In a statement on the nation’s economic prognosis for 2023 that was made accessible to Vanguard, the director general of the LCCI, […]

FG to probe 40 loan apps over customers 'abuse'
Business featured

FG to probe 40 loan apps over customers ‘abuse’ Business

In light of what has been called “sharp practices” and “abuses”, the Nigerian government is looking into ways to investigate several digital loan apps. The House of Representatives has instructed its Committee on Banking and Currency, Financial Crimes, and Telecommunications to begin an investigation into the loan administration and business practices of fintech companies and […]

News Oil and Gas

FG spent N2tn on local content within 12years – Report

  The Federal Government has spent a total of N2 trillion ($4 billion) on the development of local content in the past twelve years. A document on the “Nigerian Content Intervention Fund” presented by the General Manager, Nigerian Content Development Fund & Treasury Management, an arm of the Nigerian Content and Development Monitoring Board, Obinna […]

Senate probes Niger Delta oil theft
Oil and Gas

2022: Oil theft, fuel subsidy, other Buhari regime challenges

  Oil Theft, Subsidy, Fuel Scarcity are among some of the challenges which the Federal Government tried to address in the Nigeria’s oil and gas sector in the outgoing year. However despite its efforts, little success has been recorded by the Major General Muhammadu Buhari (retd.), led administration. Despite recent improvements, Nigeria’s crude oil output […]

Business

Prioritize access to sanitary products, P&G, NCWD tell FG

Proctor and Gamble, or P&G, has asked the federal government, civil society, and the private sector to give priority to efforts to combat the stigmatization of period health, access to menstrual health products, and hygiene education. The National Centre for Women Development, NCWD, and P&G recently worked together to increase the skills of Nigerian women […]

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