FG is seeking to raise ₦2.5 trillion in its second FGN bonds auction of the year
Debt Management Office in a circular issued on Wednesday, stated that the offerings consisted of ₦1.25 trillion with a maturity date of February 2031 and ₦1.25 trillion with a 10-year tenor. FGN savings bonds are part of the domestic borrowing plan of the Federal Government. Last year, the Federal Government raised about ₦7.06 trillion from […]
FG announces the commencement of 20,000 affordable mass housing in Lagos
The Federal Government has announced commencement of 20,000 affordable mass housing Renewed Hope Cities and Estates project in Lagos State. The project is under the recently launched Renewed Hope Cities and Estates Scheme of President Bola Tinubu to provide 100,000 affordable mass decent housing to Nigerians across the nation. The Permanent Secretary, Federal Ministry of […]
Federal Government Takes Steps to Enhance Highway Development and Management
The Minister of Works, Sen. David Umahi has said that the Federal Government is intensifying efforts to revitalize the operational model of the Highway Development and Management Initiative (HDMI). According to him, this initiative aims to ensure the quality delivery and efficient utilization of road infrastructure through Public-Private Partnerships (PPP). Umahi in a statement said […]
PDP governors urge Federal Government to address insecurity, economic hardship
Governors elected on the platform of the Peoples Democratic Party (PDP), on Monday, restated their position on state policing, as the solution to the country’s worsening security situation. The Chairman of the Forum, Governor Bala Mohammed of Bauchi State, who briefed journalists after a meeting of the governors in Abuja, says the governors also decried […]
Court orders Federal Government to Fix Price of goods, petroleum products within Seven Days
The Federal High Court in Lagos on Wednesday ordered the Federal Government to fix the prices of goods and petroleum products within seven days. Justice Ambrose Lewis-Allagoa specifically ordered the government to fix the price of milk, flour, salt, sugar, bicycles, and their spare parts, matches, motorcycles and their spare parts, motor vehicles and their […]
FG suspends the posting of NYSC corps members to states considered unsafe due to security challenges
The Federal Government has suspended the posting of National Youth Service Corps members to states considered unsafe due to the security challenges in the country. The Minister of Youths Jamila Bio-Ibrahim, who revealed this on Sunday while featuring on Channels Television’s Sunday Politics, also aid the NYSC is working with security outlets to ensure corps […]
Federal Government Grants Hospitals Waivers For Employment Of Health Workers
The Federal Government has granted waivers to hospitals for the employment of health workers as partof efforts to enhance healthcare delivery in the country. Dr. Tunji Alausa, the Minister of State for Health, revealed this during an official visit to the UniversityCollege Hospital (UCH) in Ibadan. According to Alausa, medical directors will receive waivers foremployment […]
FG says it working at achieving 77% increase on its internally generated revenue
The Federal Government says it is working at achieving 77 percent increase on its internally generated revenue to enable it develop the economy, as well as fund critical infrastructure across the country. Minister of Finance and Coordinating Minister of the Economy, Wale Edun who accompanied David Umahi, the Works Minister, made the assertion during an […]
Federal Government inaugurates tripartite committee on New National Minimum wage
The Federal Government has inaugurated a 37-member tripartite Committee to recommend a “new national minimum wage” for Nigerian workers. Vice President Kashim Shettima who represented President Bola Tinubu at the inauguration ceremony held yesterday at the Presidential Villa, urged the committee to surpass the basic social protection plan for workers – as the current national […]
Federal Government says Nigeria Open for Engagement with Burkina Faso, Mali, Niger
The Federal Government of Nigeria has expressed sadness over the pronouncement by the Military authority in the Republic of Niger indicating that the Republics of Burkina Faso, Mali and Niger have withdrawn membership of their countries from the Economic Community of West African States (ECOWAS). In a statement on Monday, a spokesperson for the Ministry […]
