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Tag: FG

featured

Strict penalties needed for flight delays, cancellations – FG panel

The Federal Government, through the Central Results Delivery Coordination Unit, has called on the Ministry of Aviation and Aerospace Development, along with the Nigerian Civil Aviation Authority, to review a draft policy that suggests imposing stricter sanctions on airlines in response to the rising number of flight delays and cancellations across the country. The Special […]

News

FG to raise N450bn in January bond auction

The Nigerian government, through the Debt Management Office, intends to raise N450 billion in January 2025 via its bond auction. This is notably higher than the N360 billion offered in January 2024 and the N120 billion in December 2024 This initiative is designed to help bridge the fiscal deficit and meet the government’s financial obligations, […]

News

Nigeria’s energy sector attracts $6.7bn investment in 2024 – FG

The Federal Government has revealed that Nigeria’s energy sector attracted a total investment of $6.7 billion in 2024. This information is outlined in the “Presidency Energy Sector Wrap-Up 2024,” compiled and released by the office of the Special Adviser to the President on Energy. Out of the total $6.7 billion investment, $5.5 billion was allocated […]

featured

FG, WIOCC sign $10m MoU to connect three million homes

The Federal Government of Nigeria, through the Federal Ministry of Communications, Innovation & Digital Economy, has signed a $10 million Memorandum of Understanding with the West Indian Ocean Cable Company. The agreement aims to connect approximately three million Nigerian homes to a hyperscale open-access digital platform for internet service providers using advanced fibre and colocation […]

Jigawa targets two million tonnes wheat production 2024
News

FG eyes N1.25tn revenue from wheat production

The Federal Government has set a target of generating N1.25 trillion from wheat production in 2025. This goal is part of the ongoing National Agricultural Growth Scheme and Agro-pocket Project, which aims to enhance food security by providing subsidized agricultural inputs to registered farmers across the country. This was disclosed on Wednesday by the National […]

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 […]

News

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, […]

News

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
News

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 […]

News

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 […]

News

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. […]

News

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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