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Aircrafts seizure: Chinese firm rejects FG’s account in Paris Court verdict

Zhongshan Fucheng Industrial Investment Co. Limited has dismissed the Nigerian government’s account in a Paris, France court proceeding that followed the country’s presidential airplanes being temporarily seized. The rebuttal was disclosed in a statement on August 15, 2024, according to Premium Times. The National Security Adviser and Attorney General of the Federation, Lateef Fagbemi (SAN), […]

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Nigeria to stop overreliance on imported equipment in power sector 

The Minister of Power, Adebayo Adelabu has placed a strong emphasis on growing local content and decreasing dependency on imported power equipment in order to attain 6,000MW by December 2024. This was disclosed by the Minister while briefing press men after meeting with major stakeholders in the electricity supply industry on Thursday, according to Arise […]

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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
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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 […]

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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 […]

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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 […]

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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 […]

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