In its determination to close Nigeria’s electricity gap, the Federal Government has unveiled an ambitious energy access programme aimed at transforming the nation’s energy sector. The government stated that the programme would require $23.2bn, of which $15.5bn would be provided by the private sector. A statement by the spokesman for the Minister of Power, Bolaji…
According to the Consumer Price Index report released by the National Bureau of Statistics, Nigeria’s imported food inflation surged to 42.29 per cent in November 2024. This represents a significant rise from 23.74 per cent recorded in November 2023, marking an 18.55 percentage point year-on-year increase. On a month-on-month basis, the inflation rate increased from…
The Federal Government has filed a 6-count criminal charge against Nigerdock Nigeria Limited and seven of its directors over alleged tax evasion. The Federal High Court in Lagos received the November 26 accusation. Maher Jarmakani, Adewale Akanbi, Michael Akhigbe, Daniel Ayscough, Patrick Van Uden, Adebola Adesoye, and Rutger Ten Thij are the seven directors listed…
On Thursday evening, Mohammed Abubakar, the Minister of Defence, reaffirmed the Federal Government’s commitment to combating instability and banditry in the nation. During his official trip to the North-West zone, the Minister made this statement during a courtesy call to Governor Uba Sani at the Sir Kashim Ibrahim Government House in Kaduna. The tour’s purpose…
The two incentives were announced in a statement on Wednesday by Wale Edun, the Coordinating Minister of the Economy and Minister of Finance. According to a statement released by the Finance Ministry and signed by Mohammed Manga, Director of Information and Public Relations, the incentives are meant to revitalize Nigeria’s oil and gas industry. Additionally,…
According to the Federal Government, $175 million in private sector investments in vital infrastructure have been made possible in the past year by the presidential Compress Natural Gas initiative. The information was provided in a statement on X on Tuesday by Nigeria’s Minister of Information and National Orientation, Mohammed Idris. He claims that the number…
The Federal Government and the Labour Union have signed a Memorandum of Understanding on the ₦70, 000 new minimum wage. According to a statement released on Friday by the Office of the Head of Public Service of the Federation and signed by Eno Olotu, Head of Information and Public Relations, the committee on public servant…
The Federal Government of Nigeria on Wednesday said that the next 180 days (January 2025) will see a sharp decline in food costs due to the strategic measures put in place to address the country’s high food prices. FG claimed that the steps would address the increase in food costs, this includes importing 500,000 metric…
According to Chief Oludare Adekolu, National Chairman of the Association of Greenfield Rice Producers, Marketers, and Entrepreneurs, Nigeria can produce significantly more rice than what is now produced, provided that real producers receive sufficient assistance. The CEO of Igbemo Rice Processing Company Limited, Adekolu, stated that his organization, which has branches across Nigeria, connects rice…
There are concerns that students may be in danger of cholera, food, and waterborne illness brought on by the consumption of the vibrio cholera bacteria, as classes return on Wednesday following the midterm break and Sallah vacation. The sickness, which began to spread across the nation last week, might spread quickly in schools if preventive…
