FG to fund 53 road projects with N150b Sukuk bond The Federal Government has said that it will deploy the N150 billion that would be raised from the ongoing Sukuk bond issue to fund the construction of 53 road projects across the country. This was even as it[Read More…]
FG eyes infrastructure, non- oil export to drive economy The Federal Government has recommitted on infrastructural development and growth of the non- oil sector by putting measures in place to further expand the sector for foreign exchange earnings. Vice President, Senator Kashim Shettima lamented that the government cannot rely[Read More…]
FG targets 350GW of electricity by 2043 The Federal Government says its making plans to achieve a target of 350 gigawatts of electricity-generating capacity by 2043. The Minister of Budget and Economic Planning, Abubakar Bagudu, said this when top management staff of the Nigerian Electricity Management Service Agency visited him[Read More…]
FG earmarks N75 billion to support small businesses The Federal Government has set aside a N75 billion intervention fund to support small businesses in response to the country’s current economic challenges, The Guardian reported. The fund is expected to be disbursed, starting from March 2024 to strengthen the manufacturing[Read More…]
FG moves NIMC to Ministry of Interior as issued NINs hit 102.4m There are indications that the Federal Government has moved the National Identity Management Commission (NIMC) from the Ministry of Communications, Innovation and Digital Economy to the Ministry of Interior, Guardian report. Sources within the NIMC, who confirmed[Read More…]
FG prepares to submit 2024 Budget in October The Ministry of Budget and Economic Planning, of the Federation has begun the preparation of the 2024 budget, which it plans to submit in October 2023. The Director-General, the Budget Office of the Federation, Dr. Ben Akabueze, said this yesterday at[Read More…]
FG Outlines Plan For Nigeria’s Creative Economy The federal government through the ministry of Art, Culture and Creative Economy has outlined a plan to grow Nigeria’s creative sector. The minister of Art, Culture and Creative Economy, Hannatu Musawa, stated this in an eight-point plan in a video message to[Read More…]
FG promises to revamp steel sector to boost Nigeria’s economy The federal government has said it will revamp the nation’s steel sector to enhance the economy and create employment opportunities. The minister of steel development, Shuabi Audu, said this in Abuja when he met with heads of agencies and[Read More…]
FG directs all international airlines to vacate MMIA by October 1 The Federal Government has directed all international airlines to vacate the Murtala Mohammed International Airport (MMIA) with effect from October 1, 2023. The directive by the government is to give room for the total maintenance work at the[Read More…]
World Bank, FG partner to rollout digital national IDs for Nigerians Shubham Chaudhuri, World Bank country director for Nigeria, says the multilateral lender is collaborating with the federal government to ensure the successful rollout and registration of digital national IDs for all Nigerians. Chaudhuri made this known at a[Read More…]
