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FG, UK sign agreements for N589bn investment in key sectors

The Federal Government of Nigeria and the United Kingdom have finalized eight partnership agreements that will inject N589 billion (£272.6 million) into critical sectors of the Nigerian economy. The agreements was disclosed in a statement signed by the Minister of Budget and Economic Planning, Atiku Bagudu on Thursday in Abuja, according to The Punch. The […]

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FG unveils strategic roadmap to generate $100m in creative sector

The Federal Government has revealed an ambitious plan to generate at least $100 billion annually and create over two million jobs through Nigeria’s creative economy. This was disclosed by the Minister of Art, Culture, and the Creative Economy, Hannatu Musa Musawa at a roundtable event for local and international investors on Wednesday, according to Nairametrics. […]

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FG debunks rumoured planned VAT hike

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has addressed recent speculation about a potential increase in the Value-Added Tax rate, denying reports suggesting that the Value-Added Tax rate will increase from 7.5% to 10%. In his statement released on Monday, Edun confirmed that there will be no change to […]

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FG disburses N2.146bn in student loans to 18,998 beneficiaries

The Federal Government has disbursed N2.146 billion in student loans, benefiting 18,998 students across Nigeria. The Nigerian Education Loan Fund announced that this latest distribution extends the program to 40 additional higher institutions, bringing the total number of participating institutions to 59. This initiative highlights NELFUND’s commitment to expanding access to higher education, particularly for […]

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Nigeria targets export of finished products to China, others

The Minister of Foreign Affairs, Yusuf Tuggar, has stated that the country is focusing on exporting “finished products” to China and other parts of the world. This was disclosed in a video uploaded on his official X page on Friday, amid President Bola Tinubu’s state visit to China and his participation in the 2024 Summit […]

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Petrol price stability expected due to consistent supply – Lokpobiri

The Minister of State for Petroleum Resources, Senator Heineken Lokpobiri announced that the stability of petrol prices nationwide is anticipated due to the consistent supply of fuel. This was disclosed by the Minister, after his meeting with Vice-President Kashim Shettima at the State House. Lokpobiri emphasized that the deregulation of the petroleum industry has shifted […]

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FG imposes N2m fine on battery regulation violators

The Federal Government has announced stringent penalties for facilities that violate battery control regulations in Nigeria, noting that violators will face fines of up to N2 million. This was disclosed by the, Director-General, NESREA, Innocent Barikor at the launching of the National Environmental (Battery Control) Regulations for Civil Society and Press on Thursday, according to […]

N40,000 rice initiative targets public servants, others to follow
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FG demands NIN for purchase of N40,000 50kg rice

The Federal Government has initiated the sale of 30,000 metric tonnes of milled rice to Nigerians at a subsidized rate of N40,000 per 50-kilogram bag requiring potential buyers present their National Identification Number. The disclosure was made by the Minister of Agriculture and Food Security, Sen. Abubakar Kyari, during a launch event in Abuja on […]

How FG can boost Nigeria's digital growth - Analyst
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Reduce telcom taxes will boos investments, operators tell FG

The Global System for Mobile Communications Association has called on the Federal Government to lower telecom taxes to stimulate investment and enhance Nigeria’s digital economy. The Head of Sub-Saharan Africa at GSMA, Angela Wamola highlighted that Nigeria’s complex and burdensome tax regime is impeding the telecom sector’s capacity to invest in infrastructure, expand services, and […]

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Gas production to hit 12 billion cubic feet/day – FG

The Federal Government has announced a significant increase in Nigeria’s gas production, which is set to rise from 7.5 billion cubic feet (bcf) per day to nearly 12 bcf per day. This was disclosed by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo during a recent event in Lagos, according to The Punch. […]

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FG urged to back local auto assemblers on CNG

The Managing Director of Lanre Shittu Motors, Taiwo Shittu has called on President Bola Tinubu to provide support for indigenous auto assembling companies in a bid to advance the production of compressed natural gas powered vehicles. This appeal was made during a media briefing in Lagos, where Shittu outlined the company’s plans to introduce locally […]

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FG concedes Tincan water system to Sandust for N11bn

The Federal Government, through the Nigerian Ports Authority has officially handed over the Tincan Island Water System facilities to Sandust Tincan Water Project Limited under a 16-year concession agreement valued at N11 billion. The NPA announced that the concessionaire will spend the remainder of this year on rebuilding and rehabilitating the facility, with the agreement […]

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