Day: August 4, 2022

Aug 04
FG assures elections will still hold in 2023 despite rising insecurity

he Federal Government has assured that it will do everything possible to not only make sure elections hold in 2023 but to secure the country following rising insecurity. This was disclosed by Minister of Information and Culture, Alhaji Lai Mohammed at the end of the Federal Executive Council presided over by President Muhammadu Buhari on […]

Aug 04
FG approves $2.9 billion for Badagry Seaport

The Federal Government approved the sum of $2.9 billion for the development of Badagry Deep Seaport in Lagos State. This was disclosed by the Ministers of Transport, Muazu Sambo, and that of Federal Capital Territory (FCT), Mallam Muhammed Bello on Wednesday in Abuja, according to NAN. The FEC has okayed multiple seaport development over recent […]

Aug 04
FG defends N1.15 billion expenditure on procurement of vehicles for Niger Republic

The Federal Government has defended the expenditure of N1.15 billion on the purchase of 10 SUVs for the Republic of Niger, saying that the move is to enable Nigeria safeguard its territory in the best interest of Nigeria’s security. The reaction by the Federal Government follows the outrage that has greeted the deployment of such […]

Aug 04
DisCos reject ‘restructuring’, says Nigerian govt owes N100 billion

The Association of Nigerian Electricity Distributors (ANED) has rejected the federal government’s decision to restructure electricity distribution companies in the country. It added that the government failed to fulfil its N100 billion subsidy and other privatisation promises made since 2013. The executive director, research and advocacy, Sunday Oduntan, disclosed in a statement. At least five companies, including […]

Aug 04
OPEC raises Nigeria’s oil quota for September

The Organisation of Petroleum Exporting Countries (OPEC) and its allies on Wednesday raised Nigeria’s oil production quota to 1.830 million barrels per day in September from 1.826 million barrels per day in August. OPEC raised Nigeria’s oil production quota at its 31st OPEC and non-OPEC ministerial meeting, according to a statement released by the organisation on Wednesday. […]

Aug 04
Nigerian governors tackle FG over $418 million Paris Club deductions

Governors of Nigerian states under the umbrella of Nigeria Governors’ Forum (NGF) have again resisted attempts to commence the deduction of $418 million Paris Club refund allegedly owed four contractors from the federation account. The governors in a letter to the federal government through the Secretary to the Government of the Federation (SGF), Boss Mustapha, argued that […]