Vice President Kashim Shettima has restated the Federal Government’s determination to place micro, small, and medium enterprises (MSMEs) at the heart of Nigeria’s economic renewal agenda. He described MSMEs as the “lifeblood of the nation’s economy,” constituting about 80 per cent of businesses in the country. Shettima stated this while delivering his remarks at the …
The Federal Inland Revenue Service (FIRS) has defended the federal government’s borrowing framework, describing debt as a legitimate component of every national budget. FIRS Chairman Zacch Adedeji stated this on Tuesday while addressing journalists during the Meet-the-Press series organised by the Presidential Communications Team at the Presidential Villa, Abuja. He explained that federal revenue collection …
The Federal Government has ordered the immediate suspension of the four per cent Free on Board (FOB) charge earlier imposed by the Nigeria Customs Service (NCS) on all imported goods. The directive, issued by the Coordinating Minister of the Economy and Minister of Finance, Wale Edun, was contained in a letter addressed to the Comptroller-General …
The National Pension Commission (PenCom) has reassured retired officers of the Nigeria Police Force of the Federal Government’s commitment to addressing their pension concerns and improving living conditions. Federal Commissioner, Inspectorate Department of PenCom, Chief Sam Chigozie Uwandu, gave the assurance during his maiden official visit to police retirees in Enugu State. Uwandu revealed that …
The Debt Management Office (DMO) has corrected reports that claimed the Federal Government spent N611.71 billion in March 2025 servicing its domestic U.S. dollar bond. The agency said the actual figure for the bond was N67.99 billion. In a statement, the DMO explained that the N611.71 billion represented debt service for all outstanding Federal Government …
The Federal Government has commissioned a modern Vehicular Emission Testing Centre in Maraba, Nasarawa State, to curb air pollution and protect public health. The centre emerged through a partnership between the Federal Ministry of Environment, the Nasarawa State Government, and Bhustan Energy and Environmental Services Limited. It aims to monitor and regulate harmful emissions from …
The recent hike in the price of Compressed Natural Gas (CNG) to N380 per standard cubic meter (SCM), from N230, raises concern about the Federal Government's plans to adopt CNG to cushion the impact on transport costs and economic hardship faced by Nigerians. This signifies a 65.22 per cent hike or N150 increase in the …
The federal government has introduced major reforms in Nigeria’s public health system to boost disease surveillance, prevention, and response to global health threats. Coordinating Minister of Health and Social Welfare, Prof. Muhammad Ali Pate, said the reforms include repositioning the Nigeria Centre for Disease Control and Prevention (NCDC), opening new laboratories, and introducing genomic surveillance …
By Esther Ososanya The Academic Staff Union of Universities (ASUU) has vowed to embark on what it described as the “mother of all strikes” if the Federal Government fails to implement the long-standing 2009 agreement designed to uplift the standard of tertiary education in Nigeria. Speaking at a press conference on Tuesday in Calabar, Chairman …
By Esthere Ososanya The Indigenous Contractors Association of Nigeria (AICAN) has accused the Federal Government of misrepresenting facts on outstanding liabilities and warned that prolonged payment delays are pushing its members into severe financial distress. The association said hundreds of contractors now risk losing properties and equipment to banks, microfinance institutions, and private lenders after …
