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Fuel hike: FG, Labour agree to cut transport fares, food prices

The Federal Government and Organised Labour reached an agreement yesterday on measures to reduce transport fares and the prices of essential commodities, particularly foodstuffs. This development coincided with a call from the House of Representatives for the government to reverse the recent petrol price hike and implement immediate measures to stabilize petrol and cooking gas […]

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Fuel hike: Reps warns against unrest as FG, labour talks stall

The House of Representatives warned on Wednesday that the recent rise in fuel pump prices could lead to social unrest. This caution follows a meeting between the Federal Government and labour leaders that ended in a stalemate regarding the petrol price hike, according to The Punch. Last week, NNPC retail outlets increased petrol prices to […]

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FG unveils tax payment in instalments

The Federal Government has introduced a new tax payment option that allows individuals to pay their taxes in installments. This proposal is included in the Nigeria Tax Bill 2024, which was recently submitted to the National Assembly for consideration and approval. Under this new provision, taxpayers will have the flexibility to meet their tax obligations […]

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Govt implements 88 safety standards for CNG vehicles

The Federal Government has announced the adoption of 88 international standards for Compressed Natural Gas products, aimed at enhancing the rollout of various CNG initiatives across the country. This move is designed to facilitate the smooth implementation of CNG systems in vehicles and ensure the use of quality products in Nigeria. The Director-General of Standard […]

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FG to ground over 60 private jets over unpaid duties

The Federal Government, through the Nigerian Customs Service is set to ground over 60 private jets owned by prominent individuals due to unpaid import duties amounting to billions of naira. It is reported that the enforcement action by the Nigerian Customs Service will begin on Monday, according to The Punch. This follows communications between the […]

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FG launches digital portal to enhance public service access

The Federal Government of Nigeria, in partnership with its digital infrastructure provider, Galaxy Backbone, has officially launched the Government Service Portal in collaboration with the Korea International Cooperation Agency. In a statement released on Wednesday, the Head of Media and Corporate Communications at Galaxy Backbone, Chidi Okpala, highlighted that the initiative aims to improve government-to-citizen […]

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FG launches zero VAT on pharmaceuticals to reduce drug prices

The Federal Government has announced the initiation of a zero Value Added Tax policy on pharmaceutical products and medical devices, aimed at lowering drug prices across the country. In a statement released by the Head of Information at the Federal Ministry of Health, Alaba R. Balogun, it was confirmed that the Executive Order on the […]

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FG forms task forces to enhance investment in Nigeria’s aviation

The Federal Government has formed task forces within the Infrastructure Concession Regulatory Commission and the Ministry of Aviation to enhance investment in Nigeria’s aviation sector through public-private partnerships. This initiative aims to attract private capital, address infrastructure challenges, and stimulate economic growth within the industry. This was disclosed in a statement by the Acting Head […]

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S’Korean consortium plan four 100,000-barrel refineries in Nigeria – FG

The Federal Government announced on Tuesday that a consortium of investors from South Korea has finalized plans to build four refineries, each with a capacity of 100,000 barrels, at various locations across the country. This investment is expected to enhance Nigeria’s refining capabilities and contribute to the local economy. This was disclosed by the Minister […]

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FG designates Dangote refinery sole supplier of Jet A1

The Federal Government has officially designated Dangote Refinery as the exclusive supplier of jet fuel for airline operators in Nigeria. This approval marks a significant development in the aviation sector, aiming to streamline fuel supply and enhance operational efficiency for airlines across the country. This was disclosed by the Minister of Aviation and Aerospace Development, […]

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FG to cut post-harvest losses by 25%

The Federal Ministry of Agriculture and Food Security has pledged to reduce post-harvest losses in the agricultural sector by 25% as part of its broader strategy to enhance food security and boost domestic production. This was disclosed during the Special Agro-Industrial Processing Zones High-Level Implementation Acceleration Dialogue held in Abuja on Monday, according to The […]

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FG orders Discos to replace faulty equipment in seven days

The Federal Government has directed electricity distribution companies to replace weak distribution networks within their franchise areas within seven days. This order was issued through the Nigerian Electricity Management Services Agency and follows a two-month notice previously given to the Discos to implement necessary changes. The government aims to enhance the reliability of electricity supply […]

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