FG Allocates N53bn for Renovation of 103 Foreign Missions   The Federal Government has allocated N53 billion for the renovation of 103 foreign missions, aiming to upgrade various facilities including chanceries, staff quarters, ambassadors' residences, office furniture, and official vehicles. Allocations include N554m for the foreign mission in...

FG Sets Six-Month Deadline for Banks, Telcos to Settle N250bn USSD Debt   The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have issued a final directive to Deposit Money Banks and Mobile Network Operators to resolve the protracted N250bn Unstructured Supplementary Service...

FG Commits N1trn to Road Construction, Rehabilitation   The Federal Government through the Ministry of Works plans to rehabilitate and construct a total of 468 roads and highways across the country in the 2025 budget proposal. It also proposed a sum of N1.013tn to fund the construction...

FG Allocates N3.6bn for Expansion of Aviation Colleges in Five Locations   The federal government is planning to establish annexes of the Nigerian College of Aviation Technology (NCAT) in five geopolitical zones of the country. Towards this end, the government has made a budgetary provision of N3,680,000,000...

DisCos Generate N466bn in Q3 as FG Shoulders N464bn Subsidy   The federal government incurred the sum of N464.12bn as subsidy payment in the electricity sector for the third quarter of 2024, a report by the Nigerian Electricity Regulatory Commission (NERC) showed. The report stated that the...

N2bn Vehicles for SSAs, N780m for Terrorism Prosecution in Latest FG Budget   The Federal Government has earmarked over N780m for prosecuting terrorism-related cases, anti-money laundering initiatives, and other criminal matters in 2025. According to the 2025 Appropriation Bill, N530m has been allocated for the management of...