Tag: FG

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Promissory Notes debt climbs to N1.65tn in June 2024

The Federal Government’s Promissory Notes debt had risen to N1.65 trillion in June 2024, reflecting a 6.5% increase from March 2024. This marks a significant 114% rise since President Bola Tinubu took office. Promissory Notes are a form of domestic debt where the government issues a written commitment to repay a specific amount at a […]

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FG approves 2025-2027 medium-term expenditure framework

The Federal Government has proposed a budget of N47.9 trillion for the 2025 fiscal year. This was disclosed by the Minister of Budget and Economic Planning, Atiku Bagudu, after a Federal Executive Council meeting led by President Bola Tinubu on Thursday. Bagudu also revealed that the council approved the Medium-Term Expenditure Framework for the 2025-2027 […]

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FG unveil migration control centre to monitor airports

The Federal Government has officially launched the Regular Migration Control Centre at the Nigerian Immigration Service headquarters in Sauka, Abuja, to monitor all international airports in Nigeria in real-time. Interior Minister, Mr. Olubunmi Tunji-Ojo revealed that the centre began 24-hour operations on Monday, following an induction program held two weeks ago. He made this disclosure […]

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3MTT: FG to train another 90,000 youths in tech skills

The Federal Government of Nigeria has announced the selection of 90,000 new fellows for the third cohort of the 3 Million Technical Talent initiative. This program, aimed at developing in-demand tech skills, will help participants become part of a growing pool of technical talent within Nigeria’s digital economy and on the global stage. The Minister […]

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FG releases 25% of pension arrears allocation

The Federal Government has released about 25 per cent of the total amount allocated for pension arrears this year, with a commitment to settle the full N88 billion earmarked for pension arrears in the 2024 budget. The pledge was made by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Tuesday […]

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FG eyes domestic, foreign investments to boost economy

The Minister of Industry, Trade, and Investment, Jumoke Oduwole, has stated that the ministry will focus on retaining domestic investment while also attracting foreign direct investment to enhance Nigeria’s economic competitiveness. She noted that this dual approach would create a stronger business environment and elevate Nigeria’s global appeal. Oduwole made this disclosure in an interview […]

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FG secures $1.2bn deal to revive aluminium smelting plant

The Federal Government has signed a $1.2 billion agreement with Chinese state-owned CNCEC to revamp a crucial gas processing plant at Ikot Abasi, Akwa Ibom State to boost Nigeria’s aluminium production. This was disclosed in a statement by the Minister of State for Petroleum (Gas), Epkerikpe Ekpo on Tuesday. The Minister said the contract signed […]

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FG to spend N5.4tn subsidy savings on projects

The Federal Government has announced that an estimated N5.4 trillion in savings from the 2024 subsidy removal will be allocated towards infrastructure and social intervention programs. These initiatives are aimed at benefiting all tiers of government and improving the quality of life for Nigerians. The Special Adviser to the President on Information and Strategy, Mr. […]

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FG sets up committee to audit gas project MoUs

Thee Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), has inaugurated a committee to audit agreements and Memorandums of Understanding related to Accelerated Gas Development Projects. This initiative is aimed at preventing a recurrence of the nation’s negative experience in the P&ID case, which stemmed from one such agreement. The committee, […]

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FG plans data bank to boost transport sector

The Federal Government has announced plans to create a national data bank aimed at improving efficiency and decision-making within Nigeria’s transportation sector. This was disclosed by the Chairman of the Governing Council of the Chartered Institute of Transport Administration, Dr. Segun Obayendo, during a press conference ahead of the 6th National Transport Conference in Abuja. […]

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FG signs agreement for new aircraft maintenance facility

The Federal Government, through the Ministry of Aviation and Aerospace Development, has entered into a Public-Private Partnership with a private firm to establish a Maintenance, Repair, and Overhaul facility for aircraft. A representative of the Ministry, who requested to remain anonymous due to a lack of authorization to speak publicly on the matter, shared details […]

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FG blames Discos for incessant grid collapse

The Federal Government, through the National Orientation Agency, has blamed the frequent collapse of Nigeria’s national grid—resulting in widespread blackouts—on the inability of electricity distribution companies to absorb the power generated. In a circular released on Wednesday titled “Why National Grid Collapses,” the NOA explained that while Nigeria has the capacity to generate up to […]