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Report: FG Allocated N8.73bn for Airport Power Infrastructure in 2024

In 2024, the Federal Government of Nigeria invested N8.73bn in airport power infrastructure, mainly to guarantee a reliable electricity supply at the new international terminal of the Nnamdi Azikiwe International Airport in Abuja. 

Declining Ajaokuta Steel Workers to Receive N6bn for 2025 Salaries

According to the proposed 2025 budget, the Federal Government has budgeted N6.21bn for salaries of workers of the moribund Ajaokuta Steel Company for next year.

FAAC Shares N1.411tr to FG, States, LGAs for October

The Federation Account Allocation Committee (FAAC) has distributed N1.411 trillion among the three tiers of government for October 2024. 

MAN: Zero VAT Delay Has Reduced Manufacturers’ Revenue By 8%

Pharmaceutical manufacturers have experienced losses of up to eight percent as a result of the Federal Government’s delay in implementing its zero-Value Added Tax policy designed to ease the cost of pharmaceutical raw material imports. 

Nigeria Did Not Request For Loan – IMF

The International Monetary Fund (IMF) has disclosed that the Nigerian federal government has not requested a loan. 

FG Bans Exportation Of Cooking Gas Over Rising Prices

To prioritise domestic supply, the Federal Government has banned the exportation of locally produced Liquefied Petroleum Gas, also known as cooking gas.