Tag: FG
Nigerian Education Loan Fund Expands Reach with New Onboarding of State-Owned Institutions
The Nigerian Education Loan Fund (NELF) continues to make significant strides in its mission to provide accessible financial aid to students across the country. As of the latest update, a total of 86 state-owned institutions have been successfully onboarded onto the NELF portal, expanding the reach and impact of the student loan program. In a…
President Tinubu Assures Citizens of Economic Recovery Amid Engagement with Traditional Rulers
Abuja, Nigeria – President Bola Tinubu has affirmed that the nation’s economy is on a gradual but steady path to recovery, assuring citizens that his administration is committed to addressing their needs more effectively. This statement was made during a meeting with traditional rulers at the State House on Thursday, led by the Sultan of…
National Assembly Approves Amendment to Finance Act, Introducing 70% Tax on Banks’ FX Profits
Abuja, Nigeria – In a significant legislative move, the National Assembly has approved an amendment to the Finance Act that imposes a 70% tax on substantial foreign exchange (FX) profits earned by banks in 2023. The decision was finalized on Tuesday during the plenary sessions of both chambers, following the review of the Joint National…
FG Allocates N438 Billion to States and FCT for NG-Cares Program
Abuja, Nigeria – In a major move to bolster economic resilience and support vulnerable communities, the Federal Government has allocated N438 billion to the 36 states and the Federal Capital Territory (FCT) under the Nigeria Community Action for Resilience and Economic Stimulus (NG-Cares) Program. The NG-Cares Program, formerly known as the Nigeria COVID-19 Action Recovery…
Organized Labour Rejects Tinubu’s Proposal of ₦250,000 Minimum Wage Tied to Petrol Price Hike
Abuja, Nigeria – Joe Ajaero, President of the Nigeria Labour Congress (NLC), announced that Organized Labour has rejected President Bola Tinubu’s proposal to implement a ₦250,000 minimum wage in exchange for an increase in petrol prices. Speaking at a press briefing, Ajaero explained, “Accepting ₦70,000 was the best way to save Nigerians from further hardship.”…
President Tinubu Announces Provision of 36 CNG Buses to Labour Unions
Abuja, Nigeria – In a bid to alleviate the financial burden on workers due to the high cost of living, President Bola Tinubu has announced plans to provide 36 Compressed Natural Gas (CNG)-fueled buses to the nation’s labour unions. During a meeting held today in Abuja, the President revealed that each of the 36 buses…
NOA Launches AI-Powered Website to Enhance Citizen Engagement
Abuja, Nigeria – The National Orientation Agency (NOA) has unveiled its innovative AI-powered website, described as a game-changing Platform-as-a-Service (PaaS) web application. This new digital tool aims to revolutionize how Nigerians interact with their government. According to the NOA, the web app is designed to make citizen engagement more engaging and interactive. Users can now…
Presidency Adopts Multipronged Measures to Combat Food Insecurity
Abuja, Nigeria – In a significant move to address soaring food prices and general food insecurity, the Nigerian government has engaged with states, development partners, and other critical stakeholders. Vice President Kashim Shettima inaugurated the Presidential Food Systems Coordination Unit (PFSCU) on Friday, emphasizing the administration’s commitment to tackling hunger and hardship. The inauguration, which…
President Tinubu Commends Supreme Court’s Decision on Local Government Autonomy
Abuja, Nigeria – President Bola Tinubu has commended the Supreme Court’s recent ruling affirming the financial autonomy of local governments, a decision that upholds the Constitution of the Federal Republic of Nigeria regarding the legal rights of local councils. President Tinubu expressed his appreciation for the court’s decision, highlighting that ineffective local government administration has…
Agriculture Minister Predicts Significant Decrease in Food Prices Within 6 Months
Abuja, Nigeria – The Minister of Agriculture and Food Security, Senator Abubakar Kyari, announced on Wednesday that the Federal Government expects a substantial decrease in food prices over the next 180 days. This forecast follows the unveiling of several strategic measures aimed at addressing the high food prices currently affecting the nation. Among the initiatives,…