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FG

The Federal government through the Bureau of Public Enterprise (BPE) has put pen to paper with three Chinese firms to deploy 1.43 million electricity meters across the country.  
The Federal Government has announced its plan to provide N3 billion in support to all states in an effort to mitigate the impact of the recent flood disaster.  
The federal government has appointed a 10-man inter-ministerial committee comprising of the Minister of Finance, Wale Edun, Governor of the Central Bank, Olayemi Cardoso and eight others to enforce the supreme court judgement on local government autonomy delivered in July, 2024.  
The Federal Government of Nigeria (FGN) has officially issued a $500 million domestic dollar bond, opening for subscription on August 19, 2024. 
The Federal government through the Nigeria Security and Civil Defence Corps (NSCDC) has announced the deployment of 10,000 agro rangers across the country.  
The exchange rate for import duties collection by the Nigeria Customs Service (NCS) has risen to N1601.84/$ on the back of recent depreciation of the naira.  
Tax and Advisory Service firm, PricewaterhouseCoopers (PwC) has stated that the federal government’s latest legislation to tax already reported profits of banks in 2023 could deter future investments into the country.  
The Federal Government of Nigeria has mandated the Joint Admissions and Matriculation Board (JAMB) that candidates under 18 years old should not be admitted to tertiary institutions. 
Amnesty International has faulted the NUPRC over the hiring of Boston Consulting Group and S&P Global to review Shell’s onshore asset sale stating that it poses a conflict of interest as the consultants also work for Shell.
The Nigeria Labour Congress (NLC) has opposed the call by some politicians for decentralizing minimum wage negotiations allowing states to have different minimum wages. 
The federal government announced on Friday its plan to procure 3.5 million electricity meters by the end of the year to improve revenue for its cash-strapped power sector, where more than half of the customers are billed by estimates. 
The Federal Government has disclosed plans to deploy 530 Compressed Natural Gas (CNG) buses to six states as part of the first phase of the implementation of the President CNG Initiative (PCNGi) by the end of May.