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Tag: FG

News

FG targets $1tn economy boost, unveils public sector governance guidelines

The Federal Government has launched new guidelines for corporate governance in the public sector, aimed at moving the country towards a $1 trillion economy by 2026. The guidelines were announced by Financial Reporting Council Executive Secretary Dr Rabiu Olowo and Chief Executive of the Ministry of Finance Incorporated, Dr Armstrong Takang, at a press briefing […]

FG deducts N256.5bn for gas projects in six months
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FG grant $21m contract to meter 187 oil stations

The Federal Executive Council announced the award of a $21 million contract for the metering of 187 crude oil flow stations throughout Nigeria in order to accurately account for the country’s production and exports. It further reported that the council awarded another contract for the deployment of software that would allow the government to track […]

News Oil and Gas

FG, IOCs agree on crude oil supply to local refineries

The federal government, through the Nigeria Upstream Petroleum Regulatory Commission has secured an agreement with producers to allow the sale of crude oil to local refiners at market prices. This deal marks the conclusion of a supply issue that has strained relations with international oil companies, according to Nairametric. The Nigerian Upstream Petroleum Regulatory Commission […]

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

FEC endorse procuring 2000 tractors, others to boost food production 

The Federal Executive Council has approved 2,000 tractors, 4,000 disc ploughs, and 1,200 tractor trailers, among other items, for the National Agricultural Mechanization Programme to increase food security in Nigeria. This was disclosed in a statement shared on Wednesday by the Special Adviser on Information and Strategy to the president via his X handle, outlining […]

Electricity featured

USAID, FG partner to reform Nigeria’s power sector

The US Agency for International Development and Nigeria’s Federal Ministry of Power signed a memorandum of understanding to ensure the country’s commitment to power sector reforms, market transparency, liquidity, and expanding access to affordable power. The Director of USAID/Nigeria Mission, Melissa Jones and the Permanent Secretary of the Federal Ministry of Power, Mahmuda Mamman signed […]

Agribusiness featured

FG halts food imports duty, partners states on farming

The federal government on Monday announced a 150-day duty-free import window for food items, stepping up attempts to combat increasing inflation, which has impoverished many Nigerians. This was disclosed by the Minister of Agriculture, Abubakar Kyari during a press conference held in Abuja on Monday, according to The PUNCH. The Tinubu-led administration also announced its […]

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

Credit to government jumped by N8.4tn in May 2024

Credit to the government increased by N8.4 trillion in May 2024, dwarfing private sector credit growth by six times during the same period. This is based on the latest money and credit statistics data from the Central Bank of Nigeria for May 2024, according to Nairametrics. According to CBN data, credit to the government accounts […]

News

NELFUND opens student loan applications for tertiary institutions

The Nigerian Education Loan Fund has officially launched the application process for student loans across 36 state-owned tertiary institutions in Nigeria. This announcement was made via a statement released by NELFUND’s management on Sunday through its official X (formerly Twitter) account. According to NELFUND, these institutions have successfully submitted their student data to the NELFUND […]

News

FG seals filling station, petrol tankers in anti-smuggling operations 

The Federal Government has detained five fuel tankers and sealed three filling stations in border cities, as part of efforts to combat the smuggling of Premium Motor Spirit, also known as petrol, from Nigeria to neighboring nations, according to The PUNCH. According to a report released on Sunday, the Federal Government’s sustained anti-smuggling activities through […]

Economy News

FG disbursed N1.2tn for capital projects in 2023

The Federal Government has released a total of N1.23 trillion to 17 ministries for the implementation of capital projects aimed at furthering development and infrastructure initiatives as of September 30, 2023, according to The Punch. The analysis of the Budget Implementation Report for the third quarter of 2023 released by the Budget Office has shown. […]

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