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Tag: FG

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 FG accuses Zhongshan of fraud over seized presidential aircrafts

The presidency has accused Zhongshan of fraud, alleging that it deceived a Paris court in order to seize Nigeria’s diplomatic immunity-protected assets. The Special Adviser to the President on Information and Strategy, Bayo Onanuga denied that the Federal Government and Zhongshan had any contractual agreement, emphasizing that the planes are sovereign assets, shielded from judicial […]

FG deducts N256.5bn for gas projects in six months
News

FG, Equatorial Guinea partner to build gas pipeline 

An agreement to build a gas pipeline across the Gulf of Guinea has been signed by Presidents Bola Tinubu and Teodoro Mbasogo of Equatorial Guinea. This was disclosed in a statement released on Thursday by the spokesperson, Ajuri Ngelale, according to Nairametrics. According to Ajuri, the agreement addresses a number of significant areas, including ownership […]

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FG to forfeit N188bn on food import waiver – Customs boss

The Nigeria Customs Service announced that the Federal Government may forfeit N188.37 billion in revenue due to the duty waiver given for staple food importation in six months. This was disclosed by the Comptroller-General of Customs, Adewale Adeniyi at a press briefing in Abuja while speaking on the theme, ‘Facilitating food trade through efficient Customs […]

News

FG acquires 70 CNG buses from local manufacturer

The Federal Government has purchased 70 hybrid Jet Mover buses from Jet Motor Company in an effort to improve the country’s transportation infrastructure. This was disclosed in a statement by Jet Motor Company on Monday, according to The Punch. The handing over event took place at Jet Motor Company’s plant in Ajah, Lagos State, and […]

News

Tinubu launches 30 hybrid CNG-powered buses

President Bola Tinubu launched 30 hybrid Compressed Natural Gas-powered buses in Abuja on Monday as part of the Presidential CNG Initiative. The Nigerian National Petroleum Company Limited and the Depots and Petroleum Products Marketers Association of Nigeria donated the locally produced 100-capacity CNG buses to the Federal Government, according to The Punch. Monday’s launch comes […]

FG deducts N256.5bn for gas projects in six months
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FG pays NiMet workers’ 45-month minimum wage backlog

The federal government has paid the outstanding 45-month minimum wage arrears owed to Nigerian Meteorological Agency workers. This was disclosed in a statement issued on Monday by the Secretary of NiMet Union Joint Action Committee, Okechukwu Nwokoro, according to The Punch. The unpaid arrears, which stretch back to 2019, had caused tension between NiMet management […]

News

FG deploys agro-rangers to combat insecurity in farms across Nigeria 

The Federal Government, through the Nigeria Security and Civil Defence Corps, has announced the deployment of 10,000 agro rangers throughout the country. This is part of an effort to reduce instability in the country’s food-producing belt, which has recently had a negative influence on food output. This was disclosed by the Special Assistant to President […]

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36 states shared N39.6bn as ecological funds – NBS

Nigeria’s 36 states received N39.62 billion in ecological fund allocations from June 2023 to June 2024, according to data from the Federation Account Allocation Committee published by the National Bureau of Statistics. The ecological fund is a critical component of Nigeria’s federal revenue allocation, with the goal of addressing different environmental concerns around the country, […]

150,000 Nigerians got FG's N50k grant - Minister
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700,000 manufacturers, MSMEs register for FG N150bn loan – Minister 

Minister of Industry, Trade and Investment, Doris Aniete has said that about 700,000 manufacturers and micro, small, and medium-sized firms have indicated their desire to be beneficiary of the N150 billion loan scheme of the federal government, which is aims to support Nigerian businesses. This was disclosed in a statement by the Minister, stressing that […]

150,000 Nigerians got FG's N50k grant - Minister
News

Economic damage worth N500bn amid nationwide protests – Minister 

The Minister of Industry, Trade and Investment, Dr. Doris Uzoka Anite has stated that the economic damage resulting from the ongoing EndBadGovernance protest is estimated to be around N500 billion. This was disclosed by the Minister via her official X handle, lamenting the protest-related deaths as well as other damages. In her statement, she noted […]

N40,000 rice initiative targets public servants, others to follow
News

FG withdraws N40,000 subsidized 50kg rice initiative 

The federal government has put an end to its proposal to sell subsidized 50-kilogram (kg) bags of rice to public servants priced at N40,000. This was disclosed in a circular titled, “Withdrawal of internal circular on sale of subsidized rice to public servants”, and signed by the permanent secretary of the Ministry of Special Duties […]

FG deducts N256.5bn for gas projects in six months
Economy News

FG launches $500m dollar-denominated bonds

The Federal Government of Nigeria has launched its Series I Domestic USD Bond with the intention of raising at least $500 million from domestic and foreign investors. According to the circular, the government aims to double its initial offer, targeting $1bn in subscriptions through this bond auction. However, this auction comes at a time when […]

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