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FG unveils initiative for major highway concessions

The Federal Government has announced that the Highways Management and Development Initiative will drive the concession of major highways to enhance road infrastructure. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this known during a Zoom dialogue meeting in Abuja on Thursday. “The Highways Management and Development Initiative would facilitate […]

Economy

FG raises N1.94tn through bond investors

The Federal Government borrowed a total of N1.94tn from bond investors in Q1 2025, according to bond auction results from the Debt Management Office. This amount was raised through Federal Government of Nigeria (FG) bonds over three months and excludes borrowings from the FGN savings bond programme. The figure represents the total amount allotted to […]

FG bags $2.2bn Sun Africa deal to develop power sector
Energy

Nigeria signs 2,600MW solar deal with firm for green hydrogen

Nigeria has entered into a 2,600-megawatt solar module supply agreement with LONGi Solar France SARL. The Minister of Innovation, Science, and Technology, Uche Nnaji, announced the deal in a statement on Wednesday. According to the statement, the solar modules will be used to power Nigeria’s Green Hydrogen Hub Project, which is located in the Liberty […]

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Africa Plus Partners, FG begin Benin-Asaba expressway redevelopment

Arica Plus Partners, in collaboration with the Federal Ministry of Works, has officially launched the redevelopment of the 125km Benin-Asaba Expressway under the Highway Development and Management Initiative. According to the statement, as part of HDMI Phase 1, this project is a key component of the Federal Government’s efforts to ensure sustainable development, efficient maintenance, […]

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
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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
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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. […]

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