FG May Spend N2tn on Electricity Subsidy as Tariff Hike Remains Off Table – Joseph Tegbe
The Federal Government may spend about N2tn on electricity subsidies in 2026 as it maintains that there are no immediate plans to increase electricity tariffs. The Minister of Power, Joseph Tegbe, disclosed the government’s position on Monday in Abuja during a media parley marking his first 100 days in office. “There are no immediate plans […]
Nigeria Fintech Week Shifts Focus to Digital Economy Infrastructure
Nigeria’s fintech sector is moving from proving digital payments work to building broader digital economy infrastructure, stakeholders say ahead of the ninth Nigeria Fintech Week, holding September 22–23 in Lagos, Abuja and Port Harcourt. Themed “Legacy in Motion,” the event will cover payments, AI, cybersecurity, blockchain and regulation, with FintechNGR VP Dr. Jameelah Sharrieff-Ayedun noting […]
Industrial Financing, Digital Inclusion and Business Growth Dominates Nigeria
FG, Manufacturers Seek Cheaper Industrial Financing The Federal Government and industry stakeholders have launched the Lagos Industrial Finance Compact to address the high cost of capital facing Nigerian manufacturers. The initiative aims to provide affordable, long-term financing and make local production more competitive than imports. Minister of State for Industry, John Enoh, said borrowing costs of around 27–30 per cent were discouraging investment in […]
FG Uncovers Over 58,000 Illegal Admissions in Colleges of Education
The Federal Government has uncovered more than 58,000 students illegally admitted into colleges of education across Nigeria, warning that institutions involved in similar practices will face stricter sanctions. Minister of Education, Dr. Tunji Alausa, disclosed this on Wednesday in Abuja at the inauguration of a ministerial committee on strengthening accreditation and quality assurance in tertiary […]
FG Denies Nigeria, ECOWAS Backed Failed Coup in Niger
The Federal Government has dismissed reports alleging that Nigeria and the Economic Community of West African States (ECOWAS) supported the recent failed coup attempt in Niger Republic. The Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, described the claims circulating on social media as baseless and irresponsible, accusing those behind them of deliberately misleading […]
CORAN urges FG to boost domestic refining
The Crude Oil Refinery Owners Association of Nigeria (CORAN) has called on the Federal Government to urgently strengthen the domestic refining industry and reduce dependence on imported petroleum products. In a position paper titled “Position Paper on the Urgent Need for Strategic Government Intervention to Strengthen Nigeria’s Domestic Refining Industry,” released on Thursday, the association […]
Minister Warns Petrol Subsidy Return Could Reverse Nigeria’s Economic Gains
The Minister of Information and National Orientation, Mohammed Idris, has warned that restoring petrol subsidy could weaken Nigeria’s improving fiscal position and reverse gains achieved through the economic reforms of President Bola Tinubu’s administration. Idris stated this in an opinion article titled “Restoring Fuel Subsidy Will Reverse Nigeria’s Economic Gains,” published on Monday. He argued […]
FG Approves N1.02tn for Roads, Health Infrastructure
The Federal Executive Council, FEC, has approved about N1.02 trillion for major road projects and healthcare infrastructure across the country. The approvals include N74.51 billion for the rehabilitation of the East-West Road section linking Port Harcourt’s Eleme Junction to the Onne Port Junction in Rivers State, as well as N302.30 billion for a new National […]
Subsidy Reform: FG Spends N30.6tn to Cushion Economic Impact
The Federal Government says it spent N30.64 trillion between June 2023 and December 2025 to cushion the impact of economic reforms introduced by President Bola Tinubu, including the removal of petrol subsidy. According to the government, the reforms generated N15.8 trillion in additional resources for the Federation during the period. The figures were disclosed by […]
Inactive CAC-Listed Firms Received N2.6bn in Federal Payments, Records Show
At least five companies listed as “inactive” on the Corporate Affairs Commission (CAC) portal received a combined N2.6 billion in payments from the Federal Government between May and June 2026, according to payment records published on Govspend. The payments were made by various ministries, departments and agencies for contracts and services, raising questions about the […]
FG Proposes 5% Fine for Erring Oil Firms
The Federal Government aims to punish oil and gas companies that don’t compete fairly, as they could have to pay a fine of up to 5 per cent of the money they make in a year. The proposal is contained in a draft Midstream and Downstream Petroleum Prevention of Anti-Competitive Practices and Behaviour Regulations, 2026. […]
FG Plans Autism Centre for South-South, Targets Six Zones From 2027
The Federal Government says it plans to establish an Autism Centre in the South-South zone as part of a broader effort to improve access to diagnosis, therapy and specialised support for children with autism and other developmental conditions. The initiative is expected to serve as part of a wider plan to establish specialised Autism Centres […]