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Tag: FG

FG considers reduction of taxes - Tinubu's aide
Economy

FG considers reduction of taxes – Tinubu’s aide

FG working on reducing taxes from 52 to 10— Presidential aide         The Special Assistant to President Bola Tinubu on revenue, Zacch Adedeji, has disclosed that the Federal Government is currently engaged in efforts to decrease the total number of taxes levied in the nation to 10. According to The PUNCH, Adedeji […]

Agribusiness

Food production: Farmers urge FG to prioritize security, mechanization

Nigerian farmers have called on the Federal Government to provide security and affordable farm inputs like seeds, insecticides, herbicides, and fertilisers to boost food production.   The President of the All Farmers Association of Nigeria, Kabir Ibrahim, told journalists in Abuja on Friday that farmers needed some mechanisation, according to the News Agency of Nigeria. […]

31.5 million Nigerians at risk of food crisis - Report
News

FG to penalize trade groups over unreasonable food price hike

            The Federal Government, through the Federal Competition and Consumer Protection Commission, has revealed its intent to initiate the implementation of penalties against trade association members found to be engaged in anti-competitive practises, as well as those responsible for arbitrary and unreasonable increases in food prices. This was said on […]

News

FG reserve N4bn for Ekiti roads projects — Senate leader

  Senate leader, Opeyemi Bamidele, has stated that the N4 billion designated for roads in Ekiti State in the amended supplementary budget for 2022 was an extension of Governor Biodun Oyebanji’s infrastructure development initiative. Bamidele stated that Ekiti State would gain immeasurably from the amended supplementary budget passed and approved for President Bola Tinubu to […]

News

FG approves 9,000 filling stations for autogas co-location

    The Federal Government has stated that there are over 9,000 licenced filling stations across the nation that are suitable for the co-location of facilities that dispense autogas gasoline. This information was provided in a statement made by the Nigerian Institute of Transport Technology following the stakeholders’ engagement session on the provision of technical […]

Queues return as IPMAN opposes Tinubu subsidy removal
Oil and Gas

Petroleum tanker drivers enemy to subsidy removal — IPMAN

The Independent Petroleum Marketers Association of Nigeria has urged the Federal Government to prevail upon the Petroleum Tanker Drivers, to stop the illegal levy imposed on their members.   The News Agency of Nigeria reported that IPMAN National Public Relation Officer, Yakubu Suleiman, said this during a news conference in Abuja, that the call followed […]

NERC makes N5.63bn in 2023 Q3
Business

NERC issues power generation licenses to 21 investors in 2022 – FG

Data released on Friday from the Federal Government agency showed that the Nigerian Electricity Regulatory Commission granted power-generating licenses to 21 investors in 2022. According to The Punch, the commission awarded 114 permits for the construction of mini-grids to increase the country’s supply of electricity last year. Since the privatization of the power sector in November 2013, the Federal […]

FG moves to sanction PoS agents over price fixing
News

FG moves to sanction PoS agents over price fixing

        The Federal Competition and Consumer Protection Commission is currently investigating alleged price fixing attempts by Point of Sales agents and will impose sanctions upon those found guilty. The transaction charges of PoS agents in Nigeria, Lagos Chapter are set to increase, as announced by the Association of Mobile Money and Bank […]

FG saves N400bn in four weeks after subsidy removal
featured

FG saves N400bn in four weeks after subsidy removal

  The Federal Government has saved approximately N400 billion as a result of the removal of the subsidy on Premium Motor Spirit, commonly known as petrol. According to The PUNCH, this was disclosed through a press statement made by oil marketers on Thursday. Also as a result of the Federal Government’s recent decision to float […]

Discos failed to remit N208bn in 2022- FG
News

Discos failed to remit N208bn in 2022- FG

      The Federal Government has reported that in 2022, power distribution companies failed to remit N208.8bn to the Nigeria Electricity Supply Industry. The Nigerian Electricity Regulatory Commission’s Fourth Quarter 2022 Report, along with reports from the preceding quarters, indicate that the Discos failed to make full remittances during this period. The Discos refer […]

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