Fed Govt Earmarks $7bn For Poverty Reduction   The Federal Government says it has earmarked about $7 billion within the last seven years in its efforts to pull 100 million Nigerians out of poverty through its National Social Investment Programme in the country. The Minister of Humanitarian...

Fed Govt’s Earnings From Spectrum Sales Rise To $1.09bn   The Federal Government through the Nigerian Communications Commission (NCC) is set to make at least $1.09bn (N476bn) from the sale of four 5G spectrums. This is after the NCC revealed in a new ‘Information Memorandum on 3.5...

FG Earmarks N30bn For Nigeria Air, New Projects   The Federal Government has earmarked the sum of N29.87bn as working capital for the proposed national carrier – Nigeria Air, and for 46 new projects in the aviation sector. An analysis of the 2023 budget presented to the...

'Next Govt To Inherit $716m Judgment Debts'     The Presidency of Muhammadu Buhari may pass on at least $715.86m judgment debts to the next administration. The judgment debts were listed as 18 promissory notes in a document titled, ‘Schedule of Promissory Notes Issued by Category as at...

Despite N1.52trn Bailout, National Grid Collapses 98 Times Under Buhari   Nigeria’s available power generation capacity fell by 981.8 megawatts between 2015 and August 2022 despite the over N1.51tn intervention in the sector by the Federal Government since the current administration came on board in 2015. This...

NAMA To Spend N45bn On TRACON Rehabilitation, Safe Tower Upgrade   The Nigerian Airspace Management Agency (NAMA) has disclosed that it has started the rehabilitation of the Total Radar Coverage of Nigeria (TRACON), safe tower upgrade as well as the completion of multilateration for low flying...