Tag: FG

News

Lagos-Calabar coastal highway to cost N15.36tn – Minister

The Federal Government, has said that the 700km Lagos-Calabar Coastal Highway would cost N15.36 trillion or N4.39bn per kilometre. This was disclosed by Umahi during a live appearance on Channels TV on Thursday. However, this new figure is quite different from the one earlier stated during a live interview on Television Continental on Wednesday. Umahi […]

News

Lagos-Calabar: FG to compensate property owners across nine states

The Federal Government has announced that all property owners along the path of the 700km Lagos-Calabar Coastal Highway would be compensated. This disclosure was made by Umahi while speaking at a stakeholders meeting with affected residents in Lagos, according to The Punch. The Minister said that President Bola Tinubu had approved the payment of compensation […]

News

Investment in research key to innovations for ocean conservation – Oyetola

The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola has said that investing in research, innovation and technology would unlock innovations for ocean conservation resource efficiency, and climate resilience, This disclosure was revealed by the Director of Press & Public Relations of the ministry, Olujimi Oyetomi, on Tuesday, according to The Punch. Oyetola, represented […]

Oil and Gas

FG losing big over low crude production – PETAN

The Petroleum Technology Association of Nigeria has declared that the country is losing a lot of revenue daily as a result of its inability to increase crude oil production. This was disclosed recently by the Chairman of PETAN, Wole Ogunsanya, when the representatives of the Association of Energy Correspondents of Nigeria, led by its Chairman, […]

News

FG plans N1.5tn savings, 2.5m meter installations

The Federal Government has declared that a total of N1.5 billion in revenue would be saved and about 2.5 million meters would be installed this year to bridge the metering gap in the country and ensure consumers pay the right amount for electricity. This follows the recent hike in electricity tariff for Band A customers. […]

News

FG inaugurates technical committee of $617.7m i-DICE program

The federal government has inaugurated a technical committee to commence the $617.7 million Investment in Digital and Creative Enterprises Program. This was revealed by Vice-President, Kashim Shettima during the inauguration of the committee in Abuja on Tuesday. The I-DICE Programme is to strengthen and support enterprises in the digital and creative sectors. It is a […]

News

Stakeholders urge FG to tackle rising inflation with new policies

Stakeholders have called on the Federal Government to implement policies that will tame the accelerating inflation in the country. Stakeholders said that, given the continuing challenges facing the economy, a coordinated government effort is crucial, to ease the financial strain on consumers and maintain fiscal stability, according to The Punch. The Chief Executive Officer of […]

Oil and Gas

FG may transport crude oil via trucks amids pipeline vandalism

The Federal Government has adopted a virtual means of evacuation of crude oil that involves the utilisation of barges and trucks for the transportation of crude from the point of production to injection/storage points for eventual transportation to export terminals. It said the Alternative Crude Oil Evacuation Systems was deployed to avoid production deferment, losses, […]

EFCC investigating Sirika's Nigerian Air deal – Keyamo
Aviation

FG to reciprocate any treatment meted on Air Peace on London route

The federal government has pledged to reciprocate any treatments meted on Air Peace on its recently launched Lagos-London route. This was disclosed by the Minister of Aviation and Aerospace Development, Festus Keyamo, during the Air Peace Lagos-London inaugural flight ceremony at the Murtala Muhammed International, Airport, Lagos on Friday, according to Businessday. According to Keyamo, […]

Aviation

Why aircraft lessors blacklist Nigerian airlines

Aircraft leasing companies across the world have put Nigerian carriers on the blacklist as a result of breaches in contracts that occurred in the past. This has since affected the operations of indigenous carriers and made it hard for them to compete favourably with foreign airlines on international routes. This disclosure was made by the […]