Federal Government Archives - Page 6 of 155

FG spends ₦27.2tr on debt servicing in 2yrs

March 10, 2026March 10, 2026 Aminu Imam

Nigeria spent about ₦27.2 trillion servicing public debt between 2024 and 2025, exceeding capital expenditure by roughly ₦3.9 trillion during the same period, according to a media brief from the Federal Ministry of Finance. The document showed that debt servicing rose from ₦12.63 trillion in 2024—well above the ₦8.56 trillion budgeted—to ₦14.57 trillion in 2025, surpassing the ₦13.12 trillion provision in the budget. Overall, actual debt payments exceeded projections by about ₦5.52 trillion across the two years. The ministry attributed the increase largely to macroeconomic factors such as the depreciation…

Gumi urges FG to negotiate with armed groups

March 10, 2026March 10, 2026 Aminu Imam

…Questions heavy military spending Controversial Islamic cleric and security commentator, Sheikh Ahmad Gumi, has urged the Federal Government to reconsider its heavy spending on military operations and instead pursue dialogue with armed groups such as the proscribed Indigenous People of Biafra (IPOB), Boko Haram and bandits as part of efforts to end Nigeria’s worsening security crisis. Speaking during a recent interview, Gumi said he could support groups like IPOB, Boko Haram or bandits if they agreed to lay down their arms and embrace peaceful negotiations with the government. According to…

Tax Shake-Up: FG bans roadside collections

March 5, 2026March 5, 2026 Aminu Imam

…Slams 1% turnover levy for informal sector; Exempts businesses below ₦2m The Federal Government has outlawed roadside tax collections and cash-based enforcement nationwide, unveiling a new presumptive tax regime that imposes a flat 1% turnover levy on eligible informal businesses, as part of sweeping tax reforms. The new regulations, signed in Abuja by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, mark what officials described as the full transition from legislation to implementation under the administration of Bola Ahmed Tinubu. According to Edun, the framework, issued under…

‘Abuja–Kaduna road reconstruction set for completion’ – FG

March 5, 2026March 5, 2026 Aminu Imam

The Federal Government has reaffirmed its commitment to completing the reconstruction of the Abuja–Kaduna Road. Director of Information and Public Relations, Ministry of Works, Mohammed Ahmed, who disclosed this on Tuesday, during a tour of the project sites, said that the road links the North-Central and other northern regions to the Federal Capital Territory, and provides a vital connection between Lagos and other parts of Nigeria. According to him, the Government decided to redesign the road from asphalt pavement to Continuous Reinforced Concrete Pavement (CRCP) to ensure durability, longevity, and…

Executive order: FG begins oil revenues’ direct remittance to FAAC

March 3, 2026March 3, 2026 Aminu Imam

The Federal Government has commenced the implementation of Executive Order-9 of 2026, which mandates the direct remittance of oil revenues to the Federation Account Allocation Committee, (FAAC). Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this in a statement issued yesterday, detailing key resolutions reached at the meeting. This followed the directive of President Bola Tinubu on the remittance to FAAC and the inaugural meeting of the implementation committee for the executive order. Edun said the committee reaffirmed the President’s directive that revenues accruing to the…

FG unveils ₦48bn engineering boost for 12 universities

March 3, 2026March 3, 2026 Aminu Imam

The Federal Government has approved ₦4 billion each for 12 selected universities of engineering and technology to rehabilitate workshops and procure modern equipment, in a major push to strengthen practical training in tertiary institutions. Minister of Education, Tunji Alausa, announced the intervention yesterday in Abuja during the inauguration of the Implementation Committee on TETFund Special High-Impact Intervention Projects. The initiative, to be implemented through the Tertiary Education Trust Fund (TETFund), is aimed at upgrading engineering and technology faculties in Federal Universities of Technology and conventional universities nationwide. The universities selected…

FG issues travel, safety warning for Nigerians in Iran, Gulf states

March 1, 2026March 1, 2026 Aminu Imam

The Federal Government has advised Nigerians living in the Middle-East, particularly in the Islamic Republic of Iran and surrounding Gulf nations, to take extra security precautions following rising military tensions in the region. In a statement released yesterday by the Ministry of Foreign Affairs, the Government said it is closely watching developments involving military operations reportedly carried out by Israel and the United States against targets in Iran, as well as subsequent retaliatory actions affecting parts of the Gulf. The advisory comes after reports of airstrikes targeting sites in Iranian…

Unpaid wages: Strike looms, as Labour gives FG 24hr ultimatum

February 27, 2026February 27, 2026 Aminu Imam

Labour unions within the federal public service have issued a firm deadline to the Federal Government, demanding the immediate release of funds to settle unpaid wages and allowances. The Joint National Public Service Negotiating Council (Trade Union Side), which represents 8 civil service unions, notified the Ministry of Labour and Employment that all outstanding payments must be cleared by February 27, 2026. According to the unions, federal workers are owed three months of wage awards and other allowances across various Ministries, Departments and Agencies, (MDAs). They warned that failure to…

FG reveals foreign terrorists behind most killings in the North

February 24, 2026February 24, 2026 Aminu Imam

The Federal Government has disclosed that a large number of terrorists carrying out deadly attacks in northern Nigeria are not Nigerians, saying these fighters entered the country through weak and porous borders. The revelation was made by the Secretary to the Government of the Federation (SGF), George Akume, during a meeting with members of the Catholic Bishops’ Conference of Nigeria in Abuja at the weekend, said intelligence reports from security agencies show that many suspects arrested after recent attacks could not speak English or Hausa. Instead, they communicated fluently in…

Revenue remittances: FG orders forensic audit of NNPCL, NUPRC

February 23, 2026February 23, 2026 Aminu Imam

The Federal Government has launched a comprehensive forensic audit of past revenue collections by key agencies in the oil and gas sector, including the Nigerian National Petroleum Company Limited (NNPCL) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The investigation, which will also cover the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and other operators, is designed to recover any outstanding sums due to the Federation following President Bola Tinubu’s recent Executive Order mandating the direct remittance of all oil and gas revenues into the Federation Account. According to…