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Business

FG unveils report to boost MSME access to $3.5tn AfCFTA market

The Federal Government of Nigeria has unveiled a report titled “Cross-Border Digital Payments and Identity in Nigeria under the AfCFTA”, designed to help Micro, Small, and Medium Enterprises tap into the $3.5 trillion African Continental Free Trade Area market. According to a statement by Stanley Nkwocha, Senior Special Assistant to the President on Media & […]

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FG partners SON, NAFDAC to battle counterfeit, substandard goods

The Federal Government has formalised a major agreement to deploy the Products Authentication and Tracking System, in a decisive move to tackle counterfeit and substandard goods and restore confidence in Nigeria’s markets. According to a statement by the ministry on Thursday, the agreement was signed in Abuja under a Public-Private Partnership arrangement, bringing together the […]

Business

FG to begin Lagos port upgrades in Q2 2026

The federal government has announced that upgrades to Lagos’ Apapa and Tin Can Island ports will begin in the second quarter of 2026 and are expected to be completed within 48 months. On March 19, Nigeria and the United Kingdom signed a £746 million export finance agreement to support the redevelopment of the two key […]

Business

FG unveils N12bn research scheme to drive digital economy policies

The Federal Government has called for expressions of interest under the National Digital Economy Research Clusters, a N12 billion funding initiative aimed at boosting research and strengthening evidence-based policymaking across Nigeria. The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, disclosed this in a statement issued on Saturday. In line with this, the Ministry […]

Electricity featured

FG, GenCos clash over ₦6tn power debt reconciliation

The Federal Government and power generation companies have disagreed over the reconciliation of debts in Nigeria’s electricity market, with both sides offering differing accounts of the actual liabilities owed to the GenCos. The Minister of Power, Adebayo Adelabu, said the actual debt owed to generation companies may be significantly lower than widely reported, as ongoing […]

Business

FG launches major reform to revamp Nigeria’s cooperative sector

The Federal Government has unveiled a comprehensive reform plan aimed at repositioning Nigeria’s cooperative sector, including proposals to establish a cooperative bank and introduce a nationwide digital registry system. Speaking on Thursday at the 8th National Council on Cooperative Affairs in Abuja, the Minister of State for Agriculture and Food Security, Aliyu Abdullahi, said the […]

Business

FG approves partial settlement of N150bn contractors’ debt

The Federal Government has agreed to pay 35 percent of the N150 billion owed to indigenous contractors upfront, in a move aimed at resolving outstanding payment disputes. The President of the All Indigenous Contractors Association of Nigeria, Mr. Jackson Nwosu, confirmed the development after a meeting with the Minister of Finance, Mr. Wale Edun, according […]

Economy

FG launches OHOPRS to lift 50m Nigerians from poverty by 2030

The Minister of Humanitarian Affairs and Poverty Reduction, Dr. Bernard Doro, has inaugurated the “One Humanitarian-One Poverty Response System”, aimed at lifting 50 million Nigerians out of poverty by 2030. Doro unveiled the initiative at a National Technical Workshop for stakeholders in the humanitarian sector at the UN House in Abuja on Tuesday. The minister […]

Helth

FG injects $346m to end HIV, TB, malaria by 2030

Nigeria is ramping up efforts to eliminate tuberculosis, Tuberculosis, and HIV as public health threats by 2030. This will involve a bold shift toward domestic financing and the rollout of cutting-edge prevention tools. The Coordinating Minister of Health and Social Welfare, Prof. Muhammad Ali Pate, has said this. Speaking at the 2026 World TB Day […]

Helth

FG approves ₦32bn for health facilities nationwide

The Federal Government has approved the disbursement of N32 billion to health facilities under the Basic Health Care Provision Fund. This followed deliberations at the Ministerial Oversight Committee meeting. The Coordinating Minister of Health and Social Welfare, Muhammad Ali Pate, while speaking with journalists, explained that this is a quarterly meeting held to review the […]

Business

FG launches national single window to cut port delays

The Federal Government has rolled out Phase 1 of the National Single Window, a digital trade platform aimed at reducing cargo dwell time at Nigeria’s major ports from an average of 21 days to less than seven days by 2026. This was disclosed in a media briefing issued by the Office of the Honourable Minister […]

Business

FG moves to tackle gas shortages disrupting power supply

Nigeria’s federal government has said it is taking steps to tackle persistent gas shortages disrupting electricity generation, as power supply across the country remains unstable. Minister of Power, Adebayo Adelabu, made this disclosure in Abuja. Adelabu said that the government targeted interventions are already underway to improve gas supply to thermal power plants. For years, […]

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