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Tag: FG

FG, AfDB discuss Coastal, trans-sahara highway projects funding
Business

FG, AfDB discuss Coastal, trans-sahara highway projects funding

The Federal Government of Nigeria, represented by Minister of Works David Umahi, has initiated talks with the African Development Bank to get financing for essential sections of Nigeria’s coastal and trans-Saharan roads. The Times reported that, a delegation from the African Development Bank led by the Director of Infrastructure and Urban Development, Mike Salawou, had […]

NNPCL fuel subsidy gains not fully remitted - World Bank
News

FG to launch W’Bank-funded $100m women empowerment project

The World Bank will provide $100 million to the Federal Government to launch an initiative aimed at empowering women economically. The Times stated that, President Bola Tinubu P-BAT Cares for Nigerian Women project is an effort that seeks to improve the lives of women in the nation and increase their productivity in a variety of […]

FG begins construction of 700km Lagos-Calabar highway
Oil and Gas

FG clears $120m gas debt as blackout persists

By Melvin Onwubuke The Federal Government has paid $120 million, from the $1.3 billion debt to gas companies, for supply to run gas-powered plants across the nation. This was disclosed by Ed Ubong, The Director, Decade of Gas Secretariat, during the ongoing 7th Nigeria International Energy Summit in Abuja on Thursday. Ubong expressed his delight, […]

Binance working with Nigeria govt to resolve exec's detention, CEO says
Crypto

FG arrest two Binance executives

By Alex Omenye   The Federal Government has arrested two Binance executives in Nigeria this week, The Financial Times reported. Last week, both executives had flown to Nigeria in response to a website ban and were subsequently arrested by the office of the National Security Adviser, as outlined in the same report. In a tumultuous […]

FG begins construction of 700km Lagos-Calabar highway
Economy

FG constructs off grid plants to tackle energy shortage

By Melvin Onwubuke   The Federal Government has announced, it is planning to construct a off-grid power plants to address energy poverty among Nigerians. This was disclosed by the minister of power, Adebayo Adelabu in Abuja on Tuesday, at a 2-day stakeholders roundtable, organized by the Rural Electrification Board, according to The Punch. In the […]

FG begins construction of 700km Lagos-Calabar highway
News

FG equips smallholder farmers with inputs

By Melvin Onwubuke   The Federal Ministry of Agriculture and Food Security in Partnership with Federal Ministry of Budget and National Planning, have equipped about 250 vulnerable, smallholder farmers in the FCT, Abuja with Agricultural inputs to enhance productivity, coupled with achieving food with nutrition security. This was disclosed during the training and empowerment of […]

Naira devaluation worsens Nigeria's debt woes
News

FG to revitalize 46 abandoned housing projects nationwide

Federal Mortgage Bank of Nigeria has initiated the rehabilitation process in an effort to turn around approximately 46 abandoned housing estates throughout the nation. According to The PUNCH, the bank stated that this will be accomplished by collaboration with Shelter Afrique Development Bank, a pan-African financial organization that solely assists in the advancement of the […]

Naira falls at official rate despite dollar weak gains
Banking

Naira is already stabilizing, says FG

The foreign exchange market is witnessing a rise in inflows and the naira is stabilizing, as per the Federal Government’s insistence that the current reforms are starting to show benefits. The Times recorded that, the government has instructed appropriate regulatory and enforcement bodies to deal with speculators and other dishonest individuals who are involved in […]

FG begins construction of 700km Lagos-Calabar highway
News

FG to disburse MSME loans in 14 days

The Federal government claimed that small and micro enterprises will be disbursed within 14 days. According to the PUNCH, the proposed alternative will lower the per centage of companies that fail while awaiting loan approvals. This was revealed by the President’s Senior Special Assistant, Temitola Adekunle-Johnson, during the inaugural MSME Quarterly Communications Forum and Job […]

Economic hardship: Senator advises Tinubu to hold national stakeholders meeting
News

How FG spent N177.4bn on wage award – Report

By Melvin Onwubuke The Federal Government has expended N177.4 billion in fulfillment of its promised wage award to civil servants in four months. Wage award payment was one of the agreements reached with organized labour, which comprised of the Nigerian Labour Congress and the Trade Union Congress, as one of the ways of alleviating the […]

Average price of 12.5kg cooking gas hits N16,500 in south south states
News

FG stops cooking gas export to stabilize price

The Federal Government, on Thursday, February 22, announced its implementation of measures to address the scarcity and surging costs of Liquefied Petroleum Gas, commonly known as cooking gas, by ceasing its export. During the “Internal Stakeholders’ Workshop” in Abuja, focusing on “Harnessing Nigeria’s Proven Gas Reserves for Economic Growth and Development,” Minister of State for […]

FG begins construction of 700km Lagos-Calabar highway
News

FG aims to create 2m jobs from creative industry

By Melvin Onwubuke   The Federal Government has disclosed it’s plans to generate 2 million jobs within Nigeria’s Creative Industry by 2027. This follows the announcement by the Minister of Arts, Culture and Creative Economy, Hannatu Musawa; according to nairametrics report. She stated during an interactive session with the Nigerian Economic Summit Group in Abuja, […]

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