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FG
The federal government will soon begin the distribution of N100 billion worth of fertilisers donated earlier by the Central Bank of Nigeria (CBN). The Minister of Agriculture, Sen. Abubakar Kyari, said the move is to prepare for the upcoming wet season farming.
The federal government is considering introducing excise duties in the telecoms, lottery and gambling industry and an increase in the Value Added Tax (VAT) rate.
The federal government has dismissed reports that the federal government is collaborating with other countries to set up a military base in Nigeria.
The Federal Government is set to redirect about N1 trillion savings from the electricity subsidy removal to social services and power supply improvements across the country.
Landmark Beach Resort's management has initiated negotiations with federal and state governments and interest groups to adjust the initial 1.5 km segment of the Lagos-Calabar Coastal Highway, proposing to redirect it along the undeveloped median of Water Corporation Road to avoid disrupting the resort's business.
The federal government is planning an almost 300% increase in electricity tariffs in the coming weeks in a bid to attract investment into the sector according to reports from Bloomberg.
New mining licenses will be issued by the federal government solely to companies that propose a strategy for local mineral processing, as part of the new guidelines being established by the Ministry of Solid Minerals
The Federal Inland Revenue Service (FIRS) in Abuja has filed legal proceedings against the cryptocurrency exchange Binance, alleging four instances of tax evasion
The Federal Accounts Allocation Committee (FAAC) allocation to the federal government, 36states and 774 LGAs increased by 23.56% to N10.14 trillion in 2023 according to a NEITI report presented by its Executive Secretary, Dr. Ogbonnaya Orji.
The federal government has appealed to the International Fund for Agricultural Development (IFAD) to provide additional funding of $20 million for the Livelihood Improvement Family Enterprise – Niger Delta (LIFE-ND) phase 2 and $5 million grant for Value Chain Development Program (VCDP).
The federal government is planning the release of around 58,500 metric tonnes of milled rice to the market as a measure to stabilise the market.
The Federal Government and Messrs BETA Transport Nigeria Ltd. are currently negotiating a public-private partnership g(PPP) deal concerning the rehabilitation and management of the Central Workshop in Ijora, Lagos.