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Tag: FG

Telcos to receive $1bn network equipment in July — Minister
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FG defends telcom tarrif hike despite legal threats

The Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, defended the recent 50 per cent tariff hike for telecom services, explaining that the decision was influenced by broader economic factors, such as rising inflation and increased costs of imported goods. His comments came during an appearance before lawmakers on Tuesday, where he was also […]

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FG to fine Air Maroc N300m over unprofessional conduct

The Federal Government, through the Nigerian Civil Aviation Authority, is preparing to fine Royal Air Maroc up to N300m for alleged unprofessional conduct and failure to comply with regulatory standards. This fine could become the largest sanction in Nigeria’s aviation industry history. The Director of Public Affairs and Consumer Protection at the NCAA, Michael Achimugu, […]

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FG grants licence for 10,000bpd refinery in Delta

The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has approved a licence for MRO Energy Limited to construct a 10,000 barrels per stream day refinery in Imode, Ughelli, Delta State. This development follows the granting of a licence two months ago to Process Design and Development Limited for the establishment of […]

Telcos to receive $1bn network equipment in July — Minister
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FG eyes 21% ICT Contribution to GDP

The Minister of Communications, Innovations, and Digital Economy, Dr. Bosun Tijani, has revealed the Federal Government’s intention to increase the Information and Communications Technology sector’s contribution to Nigeria’s GDP to 21% within the next two to three years. Tijani made this disclosure on Monday at the Public Servant Training Institute in Kubwa, Abuja, during the […]

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FG allocates N207m for fish feed mills

The Federal Government has allocated N207.3 million for the establishment of local fish feed mills across the six geopolitical zones in the country, aiming to enhance the fisheries sector. Additionally, The government has earmarked N151 million for the development of post-harvest infrastructure in the fisheries and aquaculture sectors, aiming to reduce waste and improve efficiency […]

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Electricity: FG pays 45% of GenCos’ invoices

The Minister of Power, Chief Adebayo Adelabu, has announced that the Federal Government has settled 45 per cent of the invoices submitted by electricity-generating companies in Nigeria. This payment is expected to ease the financial difficulties faced by the GenCos, helping to improve the overall performance and stability of the power sector in the country. […]

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Transport Minister calls for increased infrastructure funding

The Minister of Transportation, Senator Said Alkali, has urged for increased funding to sustain and expand the country’s transportation infrastructure, as outlined in the 2025 budget proposal. This was disclosed in a statement signed by Chief Information Officer, Federal Ministry of Transportation, Gift Seddon, on Friday. Speaking before the Joint Committees at the National Assembly […]

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FG to convert 10,000 vehicles to CNG in 10 weeks

The Federal Government has initiated the 10-for-10 Campaign, aiming to convert 10,000 commercial vehicles to run on Compressed Natural Gas within a 10-week period. This initiative is part of the government’s broader strategy to promote the use of cleaner energy sources and reduce dependence on petrol and diesel, while also addressing the rising fuel costs. […]

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FG no longer involved in fixing fuel prices – Minister

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has stated that international crude oil prices are a key factor driving fluctuations in petrol pump prices. Lokpobiri also confirmed that the downstream sector is now fully deregulated, with the government no longer involved in setting prices. The Minister made this disclosure at the inaugural […]

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FG eyes N1.8tn from bond market in Q1

The Federal Government plans to raise N1.8tn from the bond market in the first quarter of 2025, according to the Debt Management Office. The proposed issuances, outlined in the recently released FGN Bond Issuance Calendar, consist of a mix of re-opened and new bonds across three monthly auctions scheduled for January, February, and March 2025. […]

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Telecom tariff increase should not exceed 60% – Minister

The Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, has emphasized that the Nigerian Communications Commission should approve a maximum telecommunications tariff increment of 60%. Speaking on a Channels TV program, on Wednesday, Tijani rejected the telecom operators’ request for a 100% increase, labeling it as unfeasible. He further explained that the government […]

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