$20bn needed yearly to achieve 2027 economic target -Edun
December 21, 2024
FG to launch $350 billion global outsourcing market for youth employment The Nigerian government is set to launch the Outsource to Nigeria Initiative (OTNI) to engage with the global outsourcing market, which has grossed nearly $350 billion to unlock huge employment prospects for its burgeoning youth population. The[Read More…]
FG to train additional 270,000 Nigerians on Tech Skills An additional 270,000 Nigerians will join the Federal Government’s 3 Million Technical Talent (3MTT) program by February 29, 2023, the Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijani, said on Monday. He stated this while announcing the end[Read More…]
FG insists on suspension of Nigeria -Niger Republic flight The Nigerian Airspace Management Agency has aid the ban on flights between Nigeria and Niger Republic persists. NAMA clarified that authorised exemptions to the ban include over-flight aircraft traversing Nigerian airspace, aircraft in a state of emergency, and special[Read More…]
NCRIB tells FG to reconsider Classification of NAICOM as Revenue Generating Agency The Nigerian Council of Registered Insurance Brokers has called on the Federal Government to reconsider its stand on the directive classifying the National Insurance Commission as revenue generating agency. Prince Babatunde Oguntade, the President of the[Read More…]
FG to pay N1.6trn electricity subsidy in 2024, as NERC approves new tariffs for DisCos The Nigerian Electricity Regulatory Commission (NERC) has approved new electricity tariffs for the 11 distribution companies (DisCos) in the country, with effect from January 1, 2024. NERC’s chairman, Sanusi Garba, made this known on[Read More…]
FG approves Air Peace, Flynas, Max air for 2024 haji pilgrimage The Federal Government has approved three airlines, Air Peace, Flynas and Max Air, to serve as exclusive carriers to airlift passengers for the 2024 Hajj pilgrimage. Similarly, the government has approved three cargo companies, Cargo Zeal Technologies Limited,[Read More…]
FG to begin new regulation for digital money lenders in 2024 The Federal Government of Nigeria has said that it will implement a new regulatory framework for digital money lenders, DMLs, known as loan apps. The Chief Executive Officer of the Federal Competition and Consumer Protection Commission, FCCPC,[Read More…]
FG, Kuwait sign air pact The Federal Government has signed a Bilateral Air Service (BASA) agreement with the State of Kuwait. Represented by the Minister of Aviation and Aerospace Development, Festus Keyamo, the accord between the two countries was formalised at Riyadh during the International Civil Aviation Organization (ICAO), ICAN[Read More…]
FG declares 4IR technologies application open The Federal Government on Monday declared open applications for the Fourth Industrial Revolution technologies (4IRTA) which is meant to optimise Nigeria’s economy. The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani disclosed this in a statement on X with the[Read More…]
FG welcomes Mexican investors, promises incentives The Minister of Solid Minerals Development, Dele Alake, has lauded the decision of investors from the Republic of Mexico to visit Nigeria in search of investment in solid minerals. The Minister in a statement signed by the Special Assistant to the Minister on[Read More…]