Tag: Federal Government

FG denies spending ₦8tr outside approved budget

Aminu Imam
FG denies spending

…Rejects IMF report  The Federal Government has denied spending more than ₦8 trillion beyond the 2026 Budget, citing false information and misinterpretation of the International Monetary Fund (IMF)’s 2026 Article IV Consultation Report. According to the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, who made this announcement in an issued press statement yesterday, said the claims, based on comments attributed to the IMF representative in Nigeria and the Fund’s report, incorrectly stated that approximately 2% of Nigeria’s GDP was spent outside of the approved budget. The…

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“Brace for 12 more weeks of heavy rain” – FG warns 

Aminu Imam
FG warns on heavy rains

The Director-General and Chief Executive Officer, Nigeria Hydrological Services Agency, (NiHSA), Umar Mohammed, says last week’s devastating floods in Lagos State and some other states across the country were not a surprise.  The DG added that NiHSA’s forecasts and warnings were disregarded. According to him, before the floods, NiSHA had performed its forecasting using several models, saying, “This is something we foresaw, we saw it coming.” He warned, “As we speak now, with the flooding happening, if nothing is done, this is just the start of the rainy season, sometime…

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FG inaugurates IBB’s son, others as Board Directors of BoA

Aminu Imam
FG appoints IBB’s son, others

The Federal Government has inaugurated the Board of Directors of the Bank of Agriculture (BoA), with Muhammad Babangida, son of former President Ibrahim Babangida (a.k.a IBB), appointed as chairman. Also inaugurated were: Ayodeji Oludare Sotinrin, as Managing Director and Chief Executive Officer; Hajiya Fatima Garba, as Executive Director, Corporate Services; Hakeem Oluwatosin Salami, as Executive Director, Operations and Information Technology; and Hajiya Ka’amuna Ibrahim Khadi as Executive Director, Risk Management. Other members of the Board are: Rabiu Idris Funtua, Kpochi Donald Iorgyer, Aminu Malami Mohammed, Oladejo Odunuga and Charles Amuchienwa,…

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FG settles NITEL, PHCN, bank workers’ ₦39bn pension liabilities

Aminu Imam
FG settles NITEL, PHCN, bank workers

The Federal Government has announced the payment of more than N39 billion in inherited pension liabilities owed to thousands of pensioners under the Defined Benefit Scheme, saying the settlement fulfils President Bola Tinubu’s commitment to clearing longstanding pension debts. The payment, announced yesterday by the Pension Transitional Arrangement Directorate, covers outstanding liabilities owed to pensioners of the defunct Nigerian Telecommunications Limited (NITEL), Mobile Telecommunications Limited (M-Tel), Power Holding Company of Nigeria (PHCN), Assurance Bank, NICON and the defunct People’s Bank of Nigeria. According to PTAD, the payments include N25.05 billion…

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NYSC Uniform: Minister makes u-turn, says no decision on ‘replacing khaki with adire’

Aminu Imam
Minister on NYSC uniform

The Federal Government has clarified that Adire fabric has not been officially approved as a replacement for the National Youth Service Corps (NYSC) khaki uniform, contrary to earlier reports that suggested a final decision had been made.  Minister of Youth Development, Ayodele Olawande, explained that Adire was merely one of several ideas being considered as part of ongoing reforms aimed at repositioning the NYSC scheme. He stressed that no final approval has been granted on any new uniform design or fabric.  In a statement posted on his official 𝕏 account…

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FG to scrap JSS–SSS separation policy – Minister

Aminu Imam
FG on JSS–SSS

The Federal Government has announced plans to end the policy separating Junior Secondary Schools (JSS) from Senior Secondary Schools (SSS), saying it has contributed to the rising number of children dropping out of school. Minister of Education, Dr. Tunji Alausa, disclosed this yesterday in Abuja, during the inauguration of the Universal Basic Education Commission (UBEC) Ministerial Implementation and Monitoring Committee. According to the Minister, more than 20 million pupils leave school between primary education and junior secondary school, indicating that the current system is not working. “We have 20 million…

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‘First section of Abuja-Kaduna-Kano highway completed’ – FG

Aminu Imam
Abuja Kaduna Kano highway

The Federal Government has completed the first 118-kilometre section of the Abuja-Kaduna-Kano Highway at a cost of ₦257 billion, while approving 27 major road projects worth over ₦3.9 trillion across 15 states, as part of efforts to accelerate infrastructure development nationwide. Minister of Works, David Umahi, disclosed the development while briefing newsmen after the Federal Executive Council (FEC) meeting presided over by President Bola Tinubu at the Presidential Villa, Abuja, on Monday. He also announced that the remaining 164-kilometre section of the Abuja-Kaduna-Kano Highway is scheduled for completion by November…

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FG approves ₦286bn maritime projects to boost ports, Blue economy

Aminu Imam
FG approves maritime projects

The Federal Government has approved four maritime projects worth ₦286 billion to modernise port operations and strengthen Nigeria’s blue economy. The Federal Executive Council (FEC) cleared the acquisition of pollution control vessels, pilot cutter boats, and firefighting boats, alongside the dredging of the Escravos Channel to improve navigation and maritime safety. Officials say the projects will enhance pollution control, emergency response, and efficiency in port channels across the country.

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‘FG earns ₦20.2tr from crude oil exports in 5 months’

Aminu Imam
FG earns from crude oil exports

The Federal Government earned an estimated ₦20.22 trillion from crude oil exports between January and May 2026, as higher global oil prices offset lower export volumes despite concerns over domestic crude supply. The earnings underscore the continued importance of crude oil to the country’s economy and foreign exchange inflows, despite ongoing efforts to diversify revenue sources and strengthen local refining capacity. Industry data indicate that global crude prices remained relatively firm during the period, driven by geo-political tensions, supply management measures by major oil-producing countries, and resilient demand in key…

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“FG to review of ₦70,000 national minimum wage” – Gbajabiamila

Aminu Imam
Gbajabiamila on minimum wage

The Federal Government has indicated that it is preparing to reassess the current ₦70,000 national minimum wage, saying the amount may no longer be adequate in view of the country’s changing economic conditions. Chief of Staff to the President, Femi Gbajabiamila, who made the disclosure on Thursday while speaking at the ‘Good Governance Summit 2026’ organised by Working People United (WoPU) in Abuja, said the Tinubu administration remains committed to ensuring that workers’ wages reflect prevailing economic realities, noting that the cost of living continues to evolve. Gbajabiamila recalled that…

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