FG
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School abduction: FG rules out ransom payment, considers US offer
The Federal Government, on Wednesday, said it would not pay “a dime” as ransom for the release of over 280 pupils and teachers kidnapped from the Government Secondary School and LEA Primary School at Kuriga, Kaduna State. The Federal Government also said it had received offers of help from the…
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FG threatens to revoke licences of electricity distribution companies over power supply
The Federal Government has threatened to revoke the licences of power Distribution Companies over epileptic power supply across the country. The Minister of Power, Adebayo Adelabu, made this known on Wednesday, March 6. Through his X handle, Adelabu said the Chief Executives of Abuja Electricity Distribution Company, Ibadan Electricity Distribution…
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Fuel subsidy removal: Nigeria has attracted over $30bn FDIs — FG
Despite the attendant economic hardship, the Federal Government has said that fuel subsidy removal has started yielding dividends, disclosing that over $30 billion foreign direct investments, FDI, had been attracted so far. Minister of Information and National Orientation, Mohammed Idris, said this over the weekend while chatting with the media…
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FG pays $120m from gas debts as blackout spreads
The Federal Government has paid $120m out of the $1.3bn indebtedness to gas companies for the supply of gas to run gas-fired power plants across the country. Nigeria is currently suffering from low power supply because many gas suppliers have reduced, while others stopped supplying the commodity to power-generating companies…
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PDP lacks right to demand Tinubu’s resignation – FG
The Federal Government, on Sunday, clapped back at the governors elected on the platform of the opposition Peoples Democratic Party for asking President Bola Tinubu to resign from office if he had no answer to the nation’s myriad problems. The Minister of Information and National Orientation, Mohammed Idris, questioned why…
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FG reforms worsening Nigerian’s hardship -Catholic bishops
The Catholic Bishops Conference of Nigeria has said that the current administration’s reform agenda has increased the hardship being faced by citizens. The President of the CBCN, Lucius Ugorji, made this declaration during his welcome speech on Sunday at the commencement of the 2024 First Plenary Assembly of the CBCN,…
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FG plans to digitalise MDA operations
The Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, says the need to urgently digitalize government Ministries, Departments and Agencies (MDAs) cannot be overemphasised. Tijani stated this on Thursday at the meeting of the Nigeria National Council of ICT Heads of Ministries, Departments, and Agencies in Abeokuta. He noted…
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FG distributes 42,000MT grains free, Ogun begins N5bn interventions
The Federal Government, on Wednesday, announced that it would distribute the 42,000 metric tonnes of grains approved by President Bola Tinubu to poor Nigerians at no cost. This came as Ogun State Governor Dapo Abiodun on Wednesday announced over N5bn intervention plans which he said would go a long way…
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FG to borrow N2.5tn via bonds – DMO
The Federal Government is seeking to raise N2.5tn in its second FGN bonds auction of the year. Debt Management Office in a circular issued on Wednesday, stated that the offerings consisted of N1.25tn with a maturity date of February 2031 and N1.25tn with a 10-year tenor. FGN savings bonds are part…
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JUST IN: FG raises exchange rate for cargo clearance to N1,356/$
The Federal Government through the Central Bank of Nigeria has raised the exchange rate for cargo clearance from N952/$ to N1.356 per dollar. This is coming weeks after the rate was increased from N783/$ to N952/$. In November, the exchange rate for cargo clearance was raised from N757 per dollar…