The Nigeria Extractive Industries Transparency Initiative (NEITI) has said a total of $6.1 billion is owed by the oil and gas industry to the federation as outstanding liabilities as of August 2024. These are made up of outstanding royalties, taxes, rents and other collectible revenues due to be collected into government coffers, NEITI said in a report it presented to …

The Vice Chancellor of Olabisi Onabanjo University (OOU), Ago iwoye, Ogun State, Prof. Ayodele Agboola has appealed to the Federal Government not to abolish the Tertiary Education Trust Fund (TETFund) In a chat with some newsmen in Ago Iwoye, during the academic institution’s 34th convocation, Agboola said that, instead of scrapping TETFund for Nigerian Education Loan Fund (NELFUND) ‘;both can …

Federal Government (FG) has said it has begun the training of technicians and youths in mechatronics, to reduce vehicle breakdown on the highway and accident. It said the training was due to findings that there was a huge skill deficiency of auto technicians in the country, especially in the repair of modern-day vehicles. Director General of National Automotive Design and …

The Federal Government has unveiled the National Broadband Alliance, a new initiative aimed at transforming the nation’s digital infrastructure and boosting connectivity across the country. The initiative was unveiled on Tuesday in Lagos by the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, who was represented by the Executive Vice Chairman of the Nigerian Communications Commission, Aminu Maida. In …

The Federal Government says plans are ongoing to increase electricity tariffs ‘over the next few months’. It said that the planned increase needed to be balanced by subsidies for less-affluent electricity users. Bloomberg quoted the Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, as giving this hint at the Africa Heads of State Energy Summit in Dar es …

The Federal Government, through the Rural Electrification Agency, has advanced the implementation of the Africa mini-grids programme. The effort was made known at the Africa Mini-Grids Programme Grant Award Ceremony in Abuja on Friday. The event marked the official unveiling of the delivery and deployment of 23 new mini-grids across six geopolitical zones in Nigeria. These mini-grids, with capacities ranging …

The Federal Inland Revenue Service (FIRS) has a mandate to generate N25.2 trillion in tax revenue this fiscal year, its Executive Chairman, Dr. Zacch Adedeji, confirmed yesterday. This ambitious target followed the agency’s historic achievement last year. It raked N21.6 trillion last year, surpassing its N19.4 trillion goal. Adedeji described the 2024 performance as a landmark in Nigeria’s tax administration …

The federal government has reiterated its commitment to confront quackery in the health sector in order to address misdiagnosis and delayed treatment. The minister of state for health and social welfare, Iziaq Salako, made this known in Abuja on Thursday during the presentation of accreditation certificates to deserving medical laboratories. Mr Salako said that he would work with the security …

The federal government says it is open to collaboration with non-governmental organisations (NGOs) to achieve its goal of creating meaningful employment opportunities. The minister of labour and employment, Muhammad Dingyadi, said this when he received a consortium of NGOs, led by its national head, Daniel Black. on Thursday in Abuja. The consortium of NGOs is part of the United Nations …

The Federal Government has cautioned individuals against storing explosive devices in their homes for illegal mining activities, emphasising the grave risks such practices pose to lives and property. The Minister of Information and National Orientation, Mohammed Idris, issued this warning on Thursday, 30 January 2025, during a condolence visit to Sabon Pegi, Niger State, where a dynamite explosion on Monday …