FG to transmit Minimum Wage Bill to Legislature latest Jan 23

After several weeks of rigorous deliberations on the Tripartite Committee’s report on the proposed N30,000 minimum wage between government representatives and labour leaders, the Federal Government on Tuesday announced its readiness to transmit the New National Minimum Wage Bill to the National Assembly not later than January 23rd. The decision to transmit the bill to […]

FG assures Kano Govt support on Qua Iboe Power investment

The Federal Government on Tuesday expressed its commitment to ensuring that  Kano State Government’s proposal to invest in the 540 megawatt Qua Iboe Power Plant (QIPP) located in Akwa Ibom State will not go down the drain. The Minister of Finance, Mrs Zainab Ahmed, through a statement by her Special Adviser on Media and Communications, […]

UNIDO, FG to sign $60mn Nigeria’s new Country Programme

The Director General of the United Nations Industrial Development Organisation (UNIDO), Li Yong, arrived Nigeria today on a two-day official visit. Li Yong, who is visiting the country for the second time since his assumption of office in year 2013, will use the occasion of the visit to sign the $60 million UNIDO Nigeria new […]

FG announces ‘Zero Oil Plan’ implementation take off

The Federal Government on Sunday hinted that the implementation of its ‘Zero Oil Plan’ has commenced in furtherance of its ongoing economic diversification agenda for the country. The Minister of Budget and National Planning, Senator Udo Udoma, made this disclosure while speaking on the theme ‘Exploring the Diversification Agenda towards the Emergence of a Resilient […]

FG flaws U.S Dept’s report on Nigeria’s rice import figures

The Federal Government on Tuesday flawed the United States Department of Agriculture World Markets and Trade Report on the volume of Nigeria’s rice imports this year and the local production capacity, saying the report lacks all evidential proofs. The Department had reported that Nigeria imported three million metric tonnes of rice in 2018, which is […]

FG disagrees with governors over minimum wage proposal

The Minister of Labour and Productivity, Dr. Chris Ngige, on Wednesday, said that the Federal Government did not support governors on their latest decision to pay workers N22,500 minimum wage. The minister, while responding to a callers on the position of government on the lingering minimum wage discussions on Channels Television’s Sunrise Daily programme, criticised […]

FG commences N400m ‘Trader Moni’ disbursement in Plateau State

The Federal Government on Tuesday took its financial support drive to the poor under the ‘Trader Moni’ scheme to Plateau State where 4,000 rural traders are targeted to benefit from the N400 million earmarked for the scheme’s implementation in the state. The disbursement of the zero interest loan was flagged off by the Bank of […]

FG plans N8.6trn budget in 2019

The Federal Government has disclosed that it is planning to propose a N8.6 trillion Appropriation Bill to the National Assembly for consideration as 2019 budget. The proposed figure is lower by N508 billion when compared with the N9.1 trillion approved budget for the current fiscal year. Budget and National Planning Minister, Sen. Udoma Udo Udoma, […]

Supreme Court orders FG to recover excess profit from oil firms

The Supreme Court on Wednesday ordered Federal Government to immediately commence steps to recover all revenues lost to the international oil companies (IOCs) and other Exploration and Production (E&P) companies due to wrong profit under the Production Sharing Contracts since August 2003. A seven-man panel of the apex court led by the Chief Justice of […]

FG restates commitment to job creation through E-wallet system

The Federal Government has restated its commitment to creating jobs for millions of Nigerian youths through the E-wallet system in furtherance of its sustained socio-economic efforts to reduce unemployment, increase productivity and ensure sustainable development. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, disclosed this during the flagging-off Agric Show/ Farms Exhibition organized […]