FG Awards First Oil Exploration License Under PIA The Federal Government has granted a Petroleum Exploration Licence to TGS-PetroData Offshore Services Limited, which is the first of such licence to be issued under the Petroleum Industry Act 2021. It said the licence, which was granted by...

FG Targets 0.6% Poverty Rate, 6.3% Unemployment Rate The Federal Government says it targets to reduce the poverty rate to 0.6 per cent and the unemployment rate to 6.3 per cent by 2030 and 2050 agenda. The Minister of Budget and Economic Planning, Atiku Bagudu, said...

FG Set to Fund 53 Road Projects With N150bn Sukuk Bond - DMO The Federal Government said it would use the net proceeds of its ongoing N150 billion Sukuk issuance to fund some 53 road projects across the country. Director General, Debt Management Office Ms. Patience...

FG Targets 350GW of Electricity by 2043 The Federal Government plans to achieve a target of 350 gigawatts of electricity-generating capacity by 2043. The Minister of Budget and Economic Planning, Abubakar Bagudu, said this when top management staff of the Nigerian Electricity Management Service Agency visited...

FAAC: FG, States, LGs Share N1.1trn for August The Federation Account Allocation Committee (FAAC) has shared a total sum of N1.1 trillion as Federation Account Revenue to the Federal Government, States and Local Government Councils for August, 2023. A communique issued by the FAAC at its...

FG Set to Support Small Businesses With N75bn The Federal Government has set aside a N75 billion intervention fund to support small businesses in response to the country’s current economic challenges. The fund is expected to be disbursed, starting from March 2024 to strengthen the manufacturing...