Federal Government Archives - Page 2 of 148

New tax laws: FG pauses implementation guidelines amid uncertainty over final text

January 16, 2026January 16, 2026 Aminu Imam

The Federal Government has suspended the issuance of implementation guidelines for Nigeria’s newly enacted tax laws following uncertainty over the final approved version of the legislation. The Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, disclosed this during the ‘2026 Economic Outlook’ event organised by the Institute of Chartered Accountants of Nigeria, (ICAN), in Lagos. According to him, the Nigeria Revenue Service (NRS) and the Joint Revenue Board (JRB) have been directed to halt all implementation processes until clarity is achieved on the authentic version of the laws. Oyedele…

FG finally signs, unveils renegotiated agreement with ASUU

January 15, 2026January 15, 2026 Aminu Imam

The Federal Government has finally signed a renegotiated agreement with the Academic Staff Union of Universities, (ASUU), to address the incessant strikes in Nigeria’s public tertiary schools. The agreement was unveiled yesterday, at a ceremony held at the Tertiary Education Trust Fund (TETFund) headquarters in Abuja. The meeting was preceded over by the Minister of Education, Tunji Alausa and the Minister of state for education, Suwaiba Sa’id Ahmad. The new agreement is as a result of renegotiation between a federal government committee and ASUU concluded in 2025. The agreement effectively…

FG mandates crypto-transactions be linked to Tax IDs, NINs

January 14, 2026January 14, 2026 Aminu Imam

Nigeria has introduced a new requirement mandating that cryptocurrency transactions be linked to Tax Identification Numbers (TINs) and National Identification Numbers, (NINs). The policy is aimed at strengthening regulatory oversight, improving tax compliance, and enhancing transparency within the country’s growing digital asset eco-system. Under the new framework, individuals and entities engaging in crypto transactions will be required to provide verifiable identification details. Officials say the move aligns with broader efforts to formalise the digital economy, curb illicit financial flows, and ensure that crypto-related activities are captured within Nigeria’s tax and…

“FG, NASS committed to peaceful Nigeria” – Akpabio

January 12, 2026January 12, 2026 Aminu Imam

Senate President, Godswill Akpabio, has said that the Federal Government and the 10th National Assembly are committed to restoring Nigeria as one of the most peaceful and secure countries in Africa. Akpabio, who was represented by the Deputy Chief Whip of the Senate, Peter Nwebonyi, at the Inter-Denominational Church Service for the Armed Forces Remembrance Day 2026, held in Abuja yesteray, said the government was focused on building a peaceful and secure environment that would allow present and future generations to thrive. “Let me assure you that the Federal Government,…

FG inaugurates ₦40bn CCTV centre on 3rd Mainland Bridge

January 12, 2026January 12, 2026 Aminu Imam

…Rules out tolling The Federal Government yesterday inaugurated the ₦40 billion Close-Circuit Television Camera (CCTV) Centre of the Third Mainland Bridge in Lagos. The CCTV centre was built by the China Civil Engineering Construction Corporation, (CCECC). Inaugurating the centre, the Minister of Works, Senator Dave Umahi, said that the current administration met a ‘very terrible Third Mainland Bridge.’ While answering journalists’ questions after the inauguration, the Minister said the Federal Government has no plan to toll the rehabilitated bridge. “We will not engage in construction on this bridge because it…

FG, ASUU to sign agreement Jan. 14

January 11, 2026January 11, 2026 Aminu Imam

The Federal Government is set to formally sign an agreement with the Academic Staff Union of Universities, (ASUU), following weeks of negotiations. The development may be linked to the 40% salary increase for academic staff proposed by the FG last month and accepted by the union. A circular issued by the Ministry of Education invited Vice-Chancellors and Registrars of federal universities to witness the signing ceremony scheduled for Wednesday, January 14, 2026, at 11:00 a.m. at the Tertiary Education Trust Fund Conference Hall, Abuja. The circular, dated January 5, titled:…

FG stops salaries of striking health workers

January 11, 2026January 11, 2026 Aminu Imam

The Federal Government yesterday ordered stoppage of salary of members of the Joint Health Sector Unions and Assembly of Health Care Professionals, (JOHESU), who have been on strike since on Nov. 14, 2025. This followed directive to the hospitals in a circular by the Federal Ministry of Health and Social Welfare (FMoHSW) for the immediate enforcement of the ‘No Work-No Pay’ policy. The circular was addressed to Chief Medical Directors and Medical Directors of federal health institutions. The circular, dated Jan.8, was signed by the Director of Hospital Services, Dr.…

₦5trillion VAT windfall for states, as new formula begins

January 9, 2026January 9, 2026 Aminu Imam

The 36 states of the federation are set to receive an estimated ₦5.07trillion as their share of Value-Added Tax (VAT) in 2026, following the commencement of a new VAT sharing formula introduced under the National Tax Acts, findings have shown. This development is contained in the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) approved by the Federal Executive Council. According to the fiscal framework, the implementation of the new National Tax Acts from January 2026 will reduce the Federal Government’s VAT share from 15% to 10%, while the…

“Tinubu’s reforms yielding results already” – FG assures Nigerians

January 6, 2026January 6, 2026 Aminu Imam

Minister of Information and National Orientation, Mohammed Idris, has declared that the 2026 Budget is designed to consolidate the gains of President Bola Tinubu’s reform agenda, which he said is already producing positive results. In an op-ed published yesterday, titled: “A Defining Moment for Nigeria: Why Staying the Course Matters”, Idris described the 2026 appropriation plan as a “budget of consolidation, renewed resilience and shared prosperity”. His words: “Our ‘Budget of Consolidation, Renewed Resilience and Shared Prosperity’ is critical. It is a commitment to double down on what is working,…

FG eyes $7.5bn global ginger market

January 1, 2026January 1, 2026 Aminu Imam

Nigeria’s ginger export industry is positioning itself for a strong rebound in 2026, buoyed by renewed international technical support, fresh investment, and stepped-up security measures in key farming belts. The global ginger market is projected to expand from $4.41 billion to $7.50 billion by 2033, recording a compound annual growth rate of 6.08% between this year and 2033, according to the ‘Ginger Market: Players Analysis, Recent Developments, Strategies, Sustainability, Product Launches, Key Persons, and Revenue Forecasts’ report, published by ResearchAndMarkets.com. The report attributed the growth to rising demand for ginger…