The Ministry of Industry, Trade and Investment says it has begun disbursement of the Presidential Conditional Grant Scheme to verified applicants after an exhaustive selection process. The government, through the Bank of Industry, had said it would be disbursing three categories of funding totalling N200bn to support manufacturers and businesses across the country. In a progress report posted on X …

The Programme Director and Chief Executive of the Presidential Compressed Natural Gas (CNG) Initiatives, Michael Oluwagbemi, has announced the Federal Government’s plan to target over 25,000 jobs and $2.5 billion worth of investment by 2027. Oluwagbemi made this known during the Presidential CNG stakeholders’ engagement workshop held at BOVAS Auto-Gas filing stations, Ajibode Bus-Stop in Ibadan, Oyo State capital on …

In a significant move towards sustainability, the Federal Government and three key United Nations agencies signed a Memorandum of Understanding (MoU) on Friday. The MoU marked a pivotal step in addressing the challenges and opportunities linked with shifting towards a sustainable, low-carbon economy. The signed MoU was between the National Council on Climate Change (NCCC), the International Labour Organisation, the …

The Federal Government on Thursday announced that it has drafted legislation aimed at ensuring that most cases in the country are concluded at the Court of Appeal. This initiative aims to lessen the workload of the justices at the Supreme Court. In Nigeria, apart from state legislative and National Assembly election petitions which terminate at the appellate court, all other …

The Federal Government plans to streamline its non-oil revenue target through a bill to be presented to lawmakers. Finance Minister Mr Wale Edun spoke on this at the Lagos Business School (LBS) Breakfast Club on Monday. The Emergency Economic Bill will soon be tabled before the National Assembly, he said. According to a tweet from the Presidency, the bill aims …

The Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government (FG) to provide special support mechanisms to strategic companies and industries that play critical roles in achieving inclusive economic growth. In a statement made available to newsmen, Director General of LCCI, Dr Chinyere Almona, attributed recent improvements recorded in the nation’s economy to the game-changing interventions …

The Senate has hailed the federal executive for payment of what it described as a whopping sum of ₦4.83 trillion out of ₦30 trillion ways and means it obtained from the Central Bank of Nigeria (CBN), saying the flow of foreign direct investments is improving by the day. According to the Senate, besides, the CBN should also be commended as …

The Federal Government has commenced distribution of 26,404 bags of maize, millet and sorghum to vulnerable Nigerians in Sokoto State as palliatives. The Minister of Agriculture and Food Security, Senator Abubakar Kyari, inaugurated the distribution in Sokoto on Sunday. Speaking while flagging off the distribution, Kyari said the effort was aimed at cushioning the economic hardship faced by citizens in …

The Federal Government has declared Thursday, 11 April 2024, as an additional public holiday to commemorate Eid-El-Fitr. This was made known in a statement by the Permanent Secretary, Ministry of Interior, Dr Aishetu Ndayako, shared on the ministry’s X account on Tuesday. The statement said, “The Federal Government has approved Thursday,11 April 2024 as an additional public holiday to celebrate …

The Federal government is to launch three new national identity cards in May this year and has a target of providing them for about 104 million citizens across the country. The three new national identity cards planned by the National Identity Management Commission (NIMC) include a bank-enabled National ID card, a social intervention card, and an optional ECOWAS National Biometric …