The Nigerian Upstream Petroleum and Regulatory Commission have revealed plans by the Federal Government to revoke dormant oil exploration leases granted to companies that have yet to undertake exploration activities. […]
Tag: fg
FG set to disburse grants to SMEs in response to subsidy removal
The Federal Government has announced its imminent commencement of fund disbursement through the Presidential Palliative Programme, aimed at mitigating the effects of the fuel subsidy removal. In a statement released […]
FG considers pension increase for workers in 2024, says wages commission
A forthcoming boost in pension stipends for pensioners in the federal civil service is on the horizon, as revealed in a report on pension harmonization submitted to the Federal Government […]
FG extends warm welcome to Mexican investors
The Minister of Solid Minerals Development, Dele Alake, commended the visit of investors from Mexico seeking opportunities in Nigeria’s solid minerals sector. President Bola Tinubu’s administration has implemented incentives to […]
FG commits to supporting 250,000 wheat farmers in dry season farming initiative
The Federal Government is set to provide support for a substantial number of farmers, ranging from 150,000 to 250,000, offering a 50% input subsidy for the cultivation of 200,000 to […]
FG initiates training and ISO certification for welders
The Minister of Innovation, Science, and Technology, Mr. Uche Nnaji, has emphasized the need for training and International Organisation for Standardisation (ISO) certification for Nigerian welders to enhance the workforce […]
FG says new shipping line won’t hurt local operators
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has reassured local shipowners that the re-establishment of national shipping lines will not adversely affect their operations. Speaking at a stakeholders’ […]
Federal government introduces startup registration portal
The Federal Government has officially launched the Startup Support and Engagement Portal as a crucial step in implementing the Nigeria Startup Act. Dr. Bosun Tijani, the Minister of Communications, Innovation, […]
Federal government records $16 trillion loss to gas flare over 10 years
A report obtained on Monday revealed that the Federal Government of Nigeria incurred an estimated loss of $16 trillion due to natural gas flaring over the past decade, spanning from […]
FG unveils $23 billion investment opportunities in energy transition plan
The Minister of Power, Adebayo Adelabu, announced on Monday that the Federal Government has identified approximately $23 billion in investment opportunities in Nigeria aligned with the country’s Energy Transition Plan […]
FG initiates construction of homes for displaced persons in Benue
Dr. Betta Edu, the Minister of Humanitarian Affairs and Poverty Alleviation, commenced the construction of cluster settlements for internally displaced persons (IDPs) in Benue State on Thursday. The minister’s two-day […]
Nigeria suffers N4.3 trillion loss due to oil theft over five years – FG
The Federal Government has disclosed that over a period of five years, more than N4.3 trillion worth of crude oil was stolen in 7,143 pipeline vandalism cases. This revelation came […]
FG allocates N15 billion for third mainland bridge repairs
The Nigerian government has allocated N15 billion for comprehensive repairs of the Third Mainland Bridge in Lagos, as revealed in the recently approved N2.18 trillion 2023 supplementary budget. It has […]
Senate approves $7.8 billion and €100 million in FG’s borrowing plan
The Nigerian Senate has granted its approval for the allocation of $7.8 billion and €100 million in President Bola Tinubu’s proposed 2022-2024 borrowing plan. Tinubu had formally submitted a request […]
FG set to launch one million CNG vehicles by 2027
The Federal Government has unveiled ambitious plans to introduce one million Compressed Natural Gas (CNG) powered vehicles by the year 2027. The announcement came during a stakeholders’ meeting held at […]
FG N2.2 trillion supplementary budget proposal unveiled
The Federal Government has given the green light to a supplementary budget of N2.18 trillion for the fiscal year 2023. This decision, announced on Monday, comes as a response to […]
FG approves $3.45bn world bank loan for power and other projects
During a meeting held on Monday, the Federal Executive Council approved the application for a $3.45 billion loan to fund various projects. The financing is designated for the power sector, […]
“Pardon 4,000 inmates instead of spending N500 million for their release” – Femi Falana advises FG
Human rights lawyer and Senior Advocate of Nigeria (SAN), Femi Falana, has urged the Minister of Interior, Olubunmi Tunji-Ojo, to reconsider a plan aimed at paying fines totaling N500 million […]
FG’s initiative to provide affordable housing for 80% of low income earners
The Minister of Housing and Urban Development, Ahmed Dangiwa, has unveiled plans to develop cost-effective housing designs and facilitate the construction of high-quality, affordable housing options to address the housing […]
FG attracts $2bn in renewable energy sector investments
The Federal Government of Nigeria has proudly announced that it has successfully drawn over $2 billion in investments in the renewable energy sector over the past ten years. This achievement […]
FG to disburse nine months of N-Power arrears starting November
The Federal Government of Nigeria has announced its intent to commence payments of the nine-month backlog owed to N-Power beneficiaries. The announcement was made by Akindele Egbuwalo, the N-Power National […]
FG bargains on N26 trillion for 2024 budget
The Minister of Planning and Budget, Atiku Bagudu, announced that the Federal Government anticipates a budget estimate of N26 trillion for the year 2024. This disclosure took place following the […]
FG potential spending of N3.27tn on palliatives and loans emerges
The total spending by the Federal Government on palliatives and loans to cushion the effect of the fuel subsidy removal may hit N3.27tn. The palliatives and loans were meant to […]
23 oil blocks fail to produce crude – FG
Numerous oil blocks managed by international and local oil companies under Production Sharing Contracts (PSC) with the Nigerian National Petroleum Company Limited (NNPC) remained non-producing or inactive, according to the […]
FG projects N1.68trn fuel subsidy expense as marketers predict N900/litre fuel price
The Federal Government of Nigeria is projected to spend approximately N1.68 trillion on fuel subsidy for Premium Motor Spirit (PMS), commonly known as petrol, between September and December 2023. This […]
FG reopens old international terminal to alleviate flight disruptions
In a concerted effort to mitigate flight disruptions and streamline air travel operations, the Federal Government has officially reopened the D Wing of the old international terminal at Lagos’ Murtala […]
FG inaugurates freight services on Apapa-Ibadan cargo rail
The Minister of Transportation, Saidu Alkali, embarked on his inaugural tour of the Lagos-Ibadan rail corridor on Tuesday, September 12, marking a historic moment as the first cargo movement commenced. […]