Tag: Federal Government

FG declares Dec. 25, 26 & Jan. 1 public holidays

Aminu Imam
FG on Yuletide

The Federal Government has declared Dec. 25; Dec. 26 and Jan. 1, 2026, as public holidays to mark the Christmas, Boxing Day and New Year celebrations. The Minister of Interior, Dr Olubunmi Tunji-Ojo, gave the announcement in an issued statement yesterday by the Permanent Secretary, Ministry of Interior, Dr. Magdalene Ajani, in Abuja. Tunji-Ojo extended warm seasons greetings to Christians in Nigeria and across the world, as well as to Nigerians generally. He urged christians to reflect on the virtues of love, peace, humility and sacrifices exemplified by the birth…

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FG to introduce compulsory vehicle recycling fee from 2026

Aminu Imam
FG on vehicle recycling fee

The Federal Government has announced plans to introduce a compulsory vehicle recycling fee beginning in 2026, as part of broader efforts to address environmental sustainability and manage end-of-life vehicles across the country. According to officials familiar with the policy, the proposed fee will apply to vehicle owners and importers, and is aimed at funding structured recycling systems for old, damaged, and abandoned vehicles.  The initiative is expected to reduce environmental pollution, improve road safety, and support the development of a formal automotive recycling industry in Nigeria. Authorities say the policy…

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FG reopens all closed 47 unity colleges, assures of safety

Aminu Imam
FG reopens unity colleges

The Federal Government has reopened all 47 Federal Unity Colleges that were shut in the wake of rise in insecurity in some parts of the country, The Federal Government also reaffirmed its unwavering commitment to safeguarding lives of students and ensuring uninterrupted education across the country. This is contained in a statement issued to newsmen in Abuja yesterday by the Director, Press and Public Relations, Federal Ministry of Education, Mrs. Folasade Boriowo. Boriowo said that academic activities had fully resumed after the strengthening of security architecture within and around the…

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₦30tr hole in FG finances: “Actual 2025 revenue is ₦10.7tr, not ₦40.8tr” – Edun tells Senate

Aminu Imam
Edun on FG finances

A major fiscal contradiction has emerged at the heart of Nigeria’s 2025 Budget, as Finance Minister and Coordinating Minister of the Economy, Wale Edun, disclosed to the Senate that the Federal Government’s actual cash revenue for the year stands at about ₦10.7 trillion, far below the ₦40.8 trillion earlier projected – and publicly declared as achieved – by President Bola Ahmed Tinubu. Edun made the revelation during an interactive session with the Senate Committee on Finance, while defending the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) just days…

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‘Criminal gangs use advanced tech to evade call tracking’ — FG

Aminu Imam
FG on criminal gangs

Minister of Communications, Innovation and Digital Economy, Bosun Tijani, says bandits and other criminal networks are now deploying sophisticated communication technologies that make it difficult for security agencies to track their activities, including ransom calls. While speaking on a television programme on Friday night, Tijani said the criminal operations within the telecom space are “far more technical” than many Nigerians realise, despite the Federal Government’s efforts to tighten identification and monitoring systems. Tijani addressed concerns that kidnappers still negotiate ransoms using unregistered lines, years after the Government introduced the mandatory…

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Tax reforms: “Govt.’ll not deduct from bank accounts”, Oyedele assures

Aminu Imam
Oyedele on tax reforms

Amid rising public anxiety over the ongoing tax reforms, the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, on Friday, dismissed fears that the government plans to deduct money directly from bank accounts, insisting that such claims are ‘false, dangerous and capable of destabilising the economy’. Speaking during a media workshop on the new consolidated tax law, Oyedele said the warnings trending on social media were based on ignorance and deliberate misinformation. ‘Let me say this clearly: nobody – not FIRS, not CBN, not any government…

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FG to restrict bank accounts for Nigerians without TIN from January 

Aminu Imam
FGN on TIN

The Federal Government has announced plans to enforce a new phase of its tax reforms, targeting bank account holders across the country. From January 1, 2026, all taxable Nigerians will be required to possess a valid Tax Identification Number, (TIN), before they can operate their bank accounts. The announcement was made by Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, who explained that the requirement is anchored in Section 4 of the Nigerian Tax Administration Act (NTAA), which comes into effect at the start of…

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FG plans ₦17.89tr borrowing in 2026

Aminu Imam
FG plans borrowing

…Almost half of its revenue set to pay debt The Federal Government plans to borrow a staggering ₦17.89 trillion in 2026 to fund its budget as revenue projections fall sharply short of expenditure needs.  According to the 2026 Abridged Budget Call Circular from the Ministry of Budget and Economic Planning, new borrowing will surge from ₦10.42 trillion in 2025, marking a 72% increase in fresh loans amid growing concerns over debt sustainability. The sharp rise is driven by a larger fiscal deficit, projected at ₦20.12 trillion in 2026, up from…

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FG orders MDAs to defer 70% of 2025 capital budget to 2026

Aminu Imam
FG orders2

The Federal Government has directed Ministries, Departments and Agencies, (MDAs), to carry over 70% of their 2025 capital allocations into the 2026 fiscal year. The directive is contained in the 2026 Abridged Budget Call Circular issued by the Ministry of Budget and Economic Planning and circulated to ministers, service chiefs, and heads of agencies. According to the circular, the government had adopted a new framework that caps all 2026 capital budget ceilings at 70% of 2025 project allocations. Only 30% of this year’s capital budget will be released in 2025,…

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FG secures release of abducted 100 Niger State schoolchildren

Aminu Imam
FG secures release

…As 165 remain in captivity The Federal Government yesterday confirmed the release of 100 abducted pupils of St. Mary’s Catholic Private Primary and Secondary School, Papiri, in Agwara local government area of Niger State – the first major breakthrough since gunmen seized more than 300 students and staff from the remote community on November 21. Presidential spokesman, Sunday Dare, as well as multiple security sources disclosed that the freed children were already being profiled and handed over to the Niger State Government. However, officials declined to confirm whether a ransom…

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