Federal Government – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Thu, 19 Mar 2026 07:20:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Federal Government – InfoStride News https://www.theinfostride.com 32 32 FG Generates N393bn in Tax Revenue from Dangote, Nine Other Corporates https://www.theinfostride.com/fg-generates-n393bn-in-tax-revenue-from-dangote-nine-other-corporates/ https://www.theinfostride.com/fg-generates-n393bn-in-tax-revenue-from-dangote-nine-other-corporates/#respond Thu, 19 Mar 2026 07:14:10 +0000 https://www.theinfostride.com/?p=466176 The Federal Government of Nigeria has announced that it raked in a substantial N393 billion in tax revenue from Dangote Group and nine other major companies, underscoring the critical role of large corporations in sustaining government revenue streams amid mounting fiscal pressures. The disclosure comes at a time when Nigeria is intensifying efforts to diversify [...]

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]]> https://www.theinfostride.com/fg-generates-n393bn-in-tax-revenue-from-dangote-nine-other-corporates/feed/ 0 Crude, other constraints limit Nigeria’s refining capacity 62% – FG https://www.theinfostride.com/crude-other-constraints-limit-nigerias-refining-capacity-62-fg/ https://www.theinfostride.com/crude-other-constraints-limit-nigerias-refining-capacity-62-fg/#respond Thu, 19 Mar 2026 07:04:21 +0000 https://www.theinfostride.com/?p=472610 The Federal Government has disclosed that Nigeria’s refining capacity remains hampered by multiple structural and operational constraints, with crude supply shortages identified as the most significant factor limiting utilisation by as much as 62 per cent. This revelation highlights the persistent challenges undermining the nation’s long-standing ambition to achieve self-sufficiency in petroleum product refining and [...]

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]]> https://www.theinfostride.com/crude-other-constraints-limit-nigerias-refining-capacity-62-fg/feed/ 0 Yoruba Nation: Prospects and Perils beyond 2031 (2) https://www.theinfostride.com/yoruba-nation-prospects-and-perils-beyond-2031-2/ https://www.theinfostride.com/yoruba-nation-prospects-and-perils-beyond-2031-2/#respond Sat, 28 Feb 2026 15:30:56 +0000 https://www.theinfostride.com/?p=478474 In the words of Frantz Fanon: “Each generation must discover its mission, fulfil it or betray it, in relative opacity.” Let there be no doubt – and we say this to emphasise the gravity of the moment – Yorubas stand at a critical crossroads. Without being alarmist, it is make or break, now or never! [...]

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]]> https://www.theinfostride.com/yoruba-nation-prospects-and-perils-beyond-2031-2/feed/ 0 Federal Government, AfDB Plan $100m Youth Bank to Empower Young Entrepreneurs https://www.theinfostride.com/federal-government-afdb-plan-100m-youth-bank-to-empower-young-entrepreneurs/ https://www.theinfostride.com/federal-government-afdb-plan-100m-youth-bank-to-empower-young-entrepreneurs/#respond Wed, 25 Feb 2026 11:06:07 +0000 https://www.theinfostride.com/?p=465825 The Federal Government of Nigeria, in collaboration with the African Development Bank (AfDB), has announced plans to establish a $100 million youth investment bank aimed at providing financial support and resources for young entrepreneurs across the country. The initiative is part of ongoing efforts to tackle unemployment and boost economic growth by nurturing youth-led businesses [...]

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]]> https://www.theinfostride.com/federal-government-afdb-plan-100m-youth-bank-to-empower-young-entrepreneurs/feed/ 0 Judy Austin Celebrates Yul Edochie’s Federal Government Appointment https://www.theinfostride.com/judy-austin-celebrates-yul-edochies-federal-government-appointment/ https://www.theinfostride.com/judy-austin-celebrates-yul-edochies-federal-government-appointment/#respond Sat, 07 Feb 2026 12:45:46 +0000 https://www.theinfostride.com/?p=477090 Nollywood actress Judy Austin has come out to celebrate her husband, Yul Edochie, following his appointment. Recall that Yul recently bagged an appointment with President Tinubu, as Deputy Southeast coordinator for Relax Tinubu Is Fixing Nigeria (RTIFN). Reacting, Judy described her husband as the strongest man she knows, congratulating him on his appointment and stressing [...]

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]]> https://www.theinfostride.com/judy-austin-celebrates-yul-edochies-federal-government-appointment/feed/ 0 FG Vows to Sanction and Replace Weak, Indebted DisCos https://www.theinfostride.com/fg-vows-to-sanction-and-replace-weak-indebted-discos/ https://www.theinfostride.com/fg-vows-to-sanction-and-replace-weak-indebted-discos/#respond Sun, 01 Feb 2026 19:20:54 +0000 https://www.theinfostride.com/?p=470400 The Federal Government has issued a stern warning to electricity distribution companies (DisCos) that have failed to meet operational and financial obligations, stating that it will no longer tolerate inefficiency, indebtedness, or poor service delivery within the power sector. The government said that it is ready to revoke the licenses of non-performing DisCos and replace [...]

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]]> https://www.theinfostride.com/fg-vows-to-sanction-and-replace-weak-indebted-discos/feed/ 0 FG Reports 67.6 Million Barrels of Crude Supplied to Domestic Refineries https://www.theinfostride.com/fg-reports-67-6-million-barrels-of-crude-supplied-to-domestic-refineries/ https://www.theinfostride.com/fg-reports-67-6-million-barrels-of-crude-supplied-to-domestic-refineries/#respond Wed, 28 Jan 2026 17:00:24 +0000 https://www.theinfostride.com/?p=467045 The Federal Government has disclosed that Nigeria’s domestic refineries received a total of 67.6 million barrels of crude oil within the past year, underscoring ongoing efforts to strengthen local refining capacity and reduce reliance on imported petroleum products. The figure reflects both state-owned and private refinery allocations as the government intensifies its push to achieve [...]

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]]> https://www.theinfostride.com/fg-reports-67-6-million-barrels-of-crude-supplied-to-domestic-refineries/feed/ 0 FG Cancels 1,263 Mining Licences Over Non-Compliance https://www.theinfostride.com/fg-cancels-1263-mining-licences-over-non-compliance/ https://www.theinfostride.com/fg-cancels-1263-mining-licences-over-non-compliance/#respond Wed, 28 Jan 2026 17:00:03 +0000 https://www.theinfostride.com/?p=467029 The Federal Government has revoked 1,263 mineral titles belonging to mining companies and operators across the country due to failure to meet the stipulated conditions of their licences. The decision, which comes as part of efforts to sanitize the solid minerals sector, was announced by the Ministry of Solid Minerals Development, marking one of the [...]

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]]> https://www.theinfostride.com/fg-cancels-1263-mining-licences-over-non-compliance/feed/ 0 MAN Warns FG’s Tax Stamp Plan Could Worsen Burden on Consumers https://www.theinfostride.com/man-warns-fgs-tax-stamp-plan-could-worsen-burden-on-consumers/ https://www.theinfostride.com/man-warns-fgs-tax-stamp-plan-could-worsen-burden-on-consumers/#respond Wed, 28 Jan 2026 15:00:50 +0000 https://www.theinfostride.com/?p=467167 The Manufacturers Association of Nigeria (MAN) has raised fresh concerns over the Federal Government’s proposed tax stamp policy, warning that the move could increase production costs, hurt local manufacturers, and ultimately shift the financial burden onto consumers. The association stressed that at a time when Nigerians are grappling with inflation, high energy costs, and dwindling [...]

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]]> https://www.theinfostride.com/man-warns-fgs-tax-stamp-plan-could-worsen-burden-on-consumers/feed/ 0 FIRS Backs Federal Government’s Borrowing Strategy, Says Framework Remains Sustainable https://www.theinfostride.com/firs-backs-federal-governments-borrowing-strategy-says-framework-remains-sustainable/ https://www.theinfostride.com/firs-backs-federal-governments-borrowing-strategy-says-framework-remains-sustainable/#respond Wed, 28 Jan 2026 15:00:45 +0000 https://www.theinfostride.com/?p=467161 The Federal Inland Revenue Service (FIRS) has defended the Federal Government’s borrowing framework, insisting that the country’s debt profile remains within sustainable limits when weighed against ongoing reforms, projected revenue growth, and fiscal consolidation plans. Speaking against the backdrop of mounting concerns over Nigeria’s rising debt stock and borrowing costs, the FIRS emphasized that public [...]

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]]> https://www.theinfostride.com/firs-backs-federal-governments-borrowing-strategy-says-framework-remains-sustainable/feed/ 0 Federal Government Hails Chief Owolabi Salis on Landmark Space Mission Achievement https://www.theinfostride.com/federal-government-hails-chief-owolabi-salis-on-landmark-space-mission-achievement/ https://www.theinfostride.com/federal-government-hails-chief-owolabi-salis-on-landmark-space-mission-achievement/#respond Wed, 28 Jan 2026 12:00:21 +0000 https://www.theinfostride.com/?p=463549 The Federal Government has extended heartfelt congratulations to Chief Owolabi Salis following his historic involvement in a recent international space mission. As a distinguished Nigerian figure taking part in this scientific venture, Salis’ participation marks a symbolic and inspirational moment in the country’s pursuit of technological and aerospace excellence. At a media briefing in Abuja, [...]

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]]> https://www.theinfostride.com/federal-government-hails-chief-owolabi-salis-on-landmark-space-mission-achievement/feed/ 0 Federal Government Boosts Electric Vehicle Awareness via University Innovation Contest https://www.theinfostride.com/federal-government-boosts-electric-vehicle-awareness-via-university-innovation-contest/ https://www.theinfostride.com/federal-government-boosts-electric-vehicle-awareness-via-university-innovation-contest/#respond Wed, 28 Jan 2026 12:00:18 +0000 https://www.theinfostride.com/?p=463554 In a strategic move to accelerate the adoption of electric vehicles (EVs) in Nigeria, the Federal Government has launched a nationwide university innovation challenge, inviting students to develop creative and practical solutions for the country’s transition to sustainable transportation. The initiative is part of broader efforts to encourage local research, innovation, and awareness around the [...]

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]]> https://www.theinfostride.com/federal-government-boosts-electric-vehicle-awareness-via-university-innovation-contest/feed/ 0 Federal Government Secures $791.49 Million CNG Investments in Just Two Months https://www.theinfostride.com/federal-government-secures-791-49-million-cng-investments-in-just-two-months/ https://www.theinfostride.com/federal-government-secures-791-49-million-cng-investments-in-just-two-months/#respond Wed, 28 Jan 2026 08:32:49 +0000 https://www.theinfostride.com/?p=463594 The Federal Government of Nigeria has attracted an impressive $791.49 million in investments aimed at boosting the country’s Compressed Natural Gas (CNG) industry within just two months. This influx of capital reflects a significant level of investor confidence in Nigeria’s alternative fuel programme and its transition toward cleaner, more affordable energy sources. The CNG investment [...]

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]]> https://www.theinfostride.com/federal-government-secures-791-49-million-cng-investments-in-just-two-months/feed/ 0 Federal Government and Highway Concessionaires Review Road Deals to Avoid Legal Disputes https://www.theinfostride.com/federal-government-and-highway-concessionaires-review-road-deals-to-avoid-legal-disputes/ https://www.theinfostride.com/federal-government-and-highway-concessionaires-review-road-deals-to-avoid-legal-disputes/#respond Wed, 28 Jan 2026 08:12:50 +0000 https://www.theinfostride.com/?p=462955 The Federal Government has commenced a comprehensive review of its highway concession agreements with private partners under the Highway Development and Management Initiative (HDMI), in a bid to prevent potential legal disputes and ensure the success of road infrastructure projects across the country. The review comes amid rising concerns over the viability of the initial [...]

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]]> https://www.theinfostride.com/federal-government-and-highway-concessionaires-review-road-deals-to-avoid-legal-disputes/feed/ 0 FG Vows to Revive Nigeria’s Moribund Steel Industry to Boost Industrialisation https://www.theinfostride.com/fg-vows-to-revive-nigerias-moribund-steel-industry-to-boost-industrialisation/ https://www.theinfostride.com/fg-vows-to-revive-nigerias-moribund-steel-industry-to-boost-industrialisation/#respond Thu, 22 Jan 2026 16:43:51 +0000 https://www.theinfostride.com/?p=464992 President Bola Ahmed Tinubu has reaffirmed the Federal Government’s commitment to reviving Nigeria’s moribund steel industry, pledging to bring dormant steel companies back to life as part of his administration’s broader agenda to accelerate industrialisation and drive sustainable economic growth. Speaking on Tuesday in Abuja, Tinubu described the steel sector as the “backbone of industrialisation” [...]

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]]> https://www.theinfostride.com/fg-vows-to-revive-nigerias-moribund-steel-industry-to-boost-industrialisation/feed/ 0 FG Clears Over ₦2 Trillion Capital Budget Arrears, Raises States’ Surplus to ₦7.1 Trillion – Edun https://www.theinfostride.com/fg-clears-over-%e2%82%a62-trillion-capital-budget-arrears-raises-states-surplus-to-%e2%82%a67-1-trillion-edun/ https://www.theinfostride.com/fg-clears-over-%e2%82%a62-trillion-capital-budget-arrears-raises-states-surplus-to-%e2%82%a67-1-trillion-edun/#respond Thu, 22 Jan 2026 16:22:39 +0000 https://www.theinfostride.com/?p=464984 The Federal Government has successfully settled over ₦2 trillion in outstanding capital budget arrears, significantly boosting the financial standing of states and raising their combined surplus to ₦7.1 trillion, according to the Minister of Finance and Coordinating Minister of the Economy, Wale Edun. Edun disclosed this on Tuesday while briefing journalists in Abuja, explaining that [...]

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]]> https://www.theinfostride.com/fg-clears-over-%e2%82%a62-trillion-capital-budget-arrears-raises-states-surplus-to-%e2%82%a67-1-trillion-edun/feed/ 0 FG Commences Review of Revenue Allocation Formula https://www.theinfostride.com/fg-commences-review-of-revenue-allocation-formula/ https://www.theinfostride.com/fg-commences-review-of-revenue-allocation-formula/#respond Thu, 22 Jan 2026 12:57:29 +0000 https://www.theinfostride.com/?p=465319 The Federal Government has announced the commencement of a comprehensive review of the country’s revenue allocation formula, a process aimed at addressing long-standing concerns over fiscal imbalance and improving equitable distribution of resources across the three tiers of government. The exercise, according to officials, is expected to take into account current economic realities, the revenue [...]

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]]> https://www.theinfostride.com/fg-commences-review-of-revenue-allocation-formula/feed/ 0 IBEDC: When Will This Pain Be Over? https://www.theinfostride.com/ibedc-when-will-this-pain-be-over/ https://www.theinfostride.com/ibedc-when-will-this-pain-be-over/#respond Mon, 19 Jan 2026 08:52:28 +0000 https://www.theinfostride.com/?p=475684 The title of this commentary reflects a question asked wherever people gather – on buses, in bars, and at parties. Modern life revolves around the reliable provision of electricity, water and mass transit. Without power, the simple task of pumping water becomes nightmarish; relying on handheld pumps is a physically exhausting struggle. Dealing with our [...]

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]]> https://www.theinfostride.com/ibedc-when-will-this-pain-be-over/feed/ 0 Federal Government Raises N136bn Through Medium-Term Bond Issuance https://www.theinfostride.com/federal-government-raises-n136bn-through-medium-term-bond-issuance/ https://www.theinfostride.com/federal-government-raises-n136bn-through-medium-term-bond-issuance/#respond Thu, 25 Dec 2025 09:46:05 +0000 https://www.theinfostride.com/?p=466017 The Federal Government of Nigeria has successfully raised N136 billion through the issuance of medium-term bonds as part of its domestic borrowing strategy to finance the 2025 budget and support ongoing infrastructure development projects. The Debt Management Office (DMO), which oversees the issuance and management of the country’s debt instruments, confirmed that the latest bond [...]

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]]> https://www.theinfostride.com/federal-government-raises-n136bn-through-medium-term-bond-issuance/feed/ 0 Government, PalmPay Partner to Train One Million Youths on Digital Safety https://www.theinfostride.com/government-palmpay-partner-to-train-one-million-youths-on-digital-safety/ https://www.theinfostride.com/government-palmpay-partner-to-train-one-million-youths-on-digital-safety/#respond Thu, 25 Dec 2025 09:41:30 +0000 https://www.theinfostride.com/?p=465485 The Federal Government has announced a strategic collaboration with PalmPay, a leading fintech platform, to train one million Nigerian youths in digital safety. The initiative is aimed at equipping young people with the knowledge and tools to navigate the digital economy securely while curbing rising cases of cybercrime and fraud in the country’s financial sector. [...]

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]]> https://www.theinfostride.com/government-palmpay-partner-to-train-one-million-youths-on-digital-safety/feed/ 0 FG, World Bank Partner on $500m Human Capital Reforms https://www.theinfostride.com/fg-world-bank-partner-on-500m-human-capital-reforms/ https://www.theinfostride.com/fg-world-bank-partner-on-500m-human-capital-reforms/#respond Wed, 24 Dec 2025 15:32:29 +0000 https://www.theinfostride.com/?p=474117 The Federal Government of Nigeria has partnered with the World Bank to implement a $500 million programme aimed at human capital reforms, targeting improvements in education, health, and workforce development across the country. The initiative underscores the government’s commitment to strengthening Nigeria’s human capital base, boosting productivity, and enhancing socio-economic outcomes. Under the partnership, the [...]

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]]> https://www.theinfostride.com/fg-world-bank-partner-on-500m-human-capital-reforms/feed/ 0 LCCI Urges Federal Government to Prioritise Naira Stability https://www.theinfostride.com/lcci-urges-federal-government-to-prioritise-naira-stability/ https://www.theinfostride.com/lcci-urges-federal-government-to-prioritise-naira-stability/#respond Wed, 24 Dec 2025 09:12:06 +0000 https://www.theinfostride.com/?p=463065 The Lagos Chamber of Commerce and Industry (LCCI) has called on the Federal Government to place immediate and strategic focus on stabilising the naira, stressing that continued volatility in the foreign exchange market is undermining investor confidence, raising the cost of doing business, and deepening inflationary pressures across the country. In a statement issued by [...]

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]]> https://www.theinfostride.com/lcci-urges-federal-government-to-prioritise-naira-stability/feed/ 0 FG Declares December 25, 26 Public Holidays for Christmas, Boxing Day https://www.theinfostride.com/fg-declares-december-25-26-public-holidays-for-christmas-boxing-day/ https://www.theinfostride.com/fg-declares-december-25-26-public-holidays-for-christmas-boxing-day/#respond Mon, 22 Dec 2025 12:00:08 +0000 https://www.theinfostride.com/?p=474042 The Federal Government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day celebrations. It also announced that Thursday, January 1, 2026, will be observed as a public holiday for the New Year. The declaration was contained in a statement issued on Monday by the Permanent [...]

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]]> https://www.theinfostride.com/fg-declares-december-25-26-public-holidays-for-christmas-boxing-day/feed/ 0 FG Confirms 149 Companies to Keep Pioneer Tax Incentives Under Revised Fiscal Framework https://www.theinfostride.com/fg-confirms-149-companies-to-keep-pioneer-tax-incentives-under-revised-fiscal-framework/ https://www.theinfostride.com/fg-confirms-149-companies-to-keep-pioneer-tax-incentives-under-revised-fiscal-framework/#respond Fri, 19 Dec 2025 14:53:21 +0000 https://www.theinfostride.com/?p=473784 The Federal Government has confirmed that 149 companies will continue to enjoy tax holidays under Nigeria’s newly revised fiscal and investment incentive framework, easing concerns among investors over the fate of pioneer status benefits following recent tax and economic reforms. The confirmation was made amid growing public debate triggered by the enactment of a new [...]

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]]> https://www.theinfostride.com/fg-confirms-149-companies-to-keep-pioneer-tax-incentives-under-revised-fiscal-framework/feed/ 0 Federal Government Records ₦12.81 Trillion Revenue from Crude Oil Exports in Third Quarter https://www.theinfostride.com/federal-government-records-%e2%82%a612-81-trillion-revenue-from-crude-oil-exports-in-third-quarter/ https://www.theinfostride.com/federal-government-records-%e2%82%a612-81-trillion-revenue-from-crude-oil-exports-in-third-quarter/#respond Tue, 16 Dec 2025 14:32:13 +0000 https://www.theinfostride.com/?p=473607 The Federal Government generated ₦12.81 trillion from crude oil exports in the third quarter of the year, underscoring the continued importance of oil revenue to Nigeria’s fiscal position despite ongoing efforts to diversify the economy. Reports by Punch and other Nigerian news outlets indicate that the figure was released by the National Bureau of Statistics [...]

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]]> https://www.theinfostride.com/federal-government-records-%e2%82%a612-81-trillion-revenue-from-crude-oil-exports-in-third-quarter/feed/ 0 BudgIT calls for Holistic Budget Reform as FG Defers 70% of 2025 Capital Projects to 2026 https://www.theinfostride.com/budgit-calls-for-holistic-budget-reform-as-fg-defers-70-of-2025-capital-projects-to-2026/ https://www.theinfostride.com/budgit-calls-for-holistic-budget-reform-as-fg-defers-70-of-2025-capital-projects-to-2026/#respond Mon, 15 Dec 2025 08:53:25 +0000 https://www.theinfostride.com/?p=473541 BudgIT, a leading civic-tech organisation promoting transparency and accountability in Nigeria’s public finance, has noted the Federal Government’s decision, through the Federal Ministry of Budget and Economic Planning, to defer the implementation of 70% of capital projects initially appropriated in the 2025 fiscal year to 2026. From our analysis, while this development is not entirely [...]

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]]> https://www.theinfostride.com/budgit-calls-for-holistic-budget-reform-as-fg-defers-70-of-2025-capital-projects-to-2026/feed/ 0 Federal Government Reports 450MW Reinstated to National Grid Following Power System Overhaul https://www.theinfostride.com/federal-government-reports-450mw-reinstated-to-national-grid-following-power-system-overhaul/ https://www.theinfostride.com/federal-government-reports-450mw-reinstated-to-national-grid-following-power-system-overhaul/#respond Tue, 09 Dec 2025 13:42:42 +0000 https://www.theinfostride.com/?p=473179 The Federal Government has announced the successful return of about 450 megawatts of electricity to the national grid after completing a series of rehabilitation and upgrade works on key power generation assets across the country. The restored capacity, officials said, is part of a broader effort to tackle recurring power shortages, enhance grid stability and [...]

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]]> https://www.theinfostride.com/federal-government-reports-450mw-reinstated-to-national-grid-following-power-system-overhaul/feed/ 0 Federal Government Prohibits Cash Payments to MDAs, Directs Use of POS Terminals https://www.theinfostride.com/federal-government-prohibits-cash-payments-to-mdas-directs-use-of-pos-terminals/ https://www.theinfostride.com/federal-government-prohibits-cash-payments-to-mdas-directs-use-of-pos-terminals/#respond Tue, 09 Dec 2025 13:18:42 +0000 https://www.theinfostride.com/?p=473160 The Federal Government has announced a new directive prohibiting cash payments to Ministries, Departments, and Agencies (MDAs), mandating the installation and use of Point-of-Sale (POS) terminals to facilitate electronic transactions. The policy is part of ongoing efforts to enhance transparency, reduce revenue leakages, and strengthen accountability in public financial management. Officials explained that the cashless [...]

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]]> https://www.theinfostride.com/federal-government-prohibits-cash-payments-to-mdas-directs-use-of-pos-terminals/feed/ 0 Federal Government’s Electronic Transfer Levy Revenue Hits N360 Billion https://www.theinfostride.com/federal-governments-electronic-transfer-levy-revenue-hits-n360-billion/ https://www.theinfostride.com/federal-governments-electronic-transfer-levy-revenue-hits-n360-billion/#respond Sun, 07 Dec 2025 14:44:20 +0000 https://www.theinfostride.com/?p=473069 The Federal Government has recorded a sharp increase in revenue from the electronic transfer levy, with collections reportedly doubling to N360 billion, highlighting the growing impact of digital financial transactions on government revenue. The surge, according to officials, is largely driven by increased adoption of digital payment platforms, mobile banking, and electronic money transfers across [...]

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]]> https://www.theinfostride.com/federal-governments-electronic-transfer-levy-revenue-hits-n360-billion/feed/ 0 Federal Government Sets December 20 Deadline for Contractor Payments https://www.theinfostride.com/federal-government-sets-december-20-deadline-for-contractor-payments/ https://www.theinfostride.com/federal-government-sets-december-20-deadline-for-contractor-payments/#respond Sun, 07 Dec 2025 14:40:02 +0000 https://www.theinfostride.com/?p=473067 The Federal Government has announced a firm deadline of December 20 for the settlement of outstanding payments owed to contractors across various sectors, signaling a renewed commitment to timely disbursement of funds and the completion of ongoing projects. This directive, issued by the Ministry of Finance in conjunction with relevant implementing agencies, comes amid growing [...]

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]]> https://www.theinfostride.com/federal-government-sets-december-20-deadline-for-contractor-payments/feed/ 0 EU, FG Collaborate to Bridge Skills Shortage in Nigeria’s Power Sector https://www.theinfostride.com/eu-fg-collaborate-to-bridge-skills-shortage-in-nigerias-power-sector/ https://www.theinfostride.com/eu-fg-collaborate-to-bridge-skills-shortage-in-nigerias-power-sector/#respond Sat, 06 Dec 2025 14:11:17 +0000 https://www.theinfostride.com/?p=472992 The European Union (EU) and the Federal Government of Nigeria have entered into a renewed partnership aimed at addressing the persistent skills deficit hindering the country’s power sector. The initiative, announced following high-level energy and development dialogues between both parties, is expected to strengthen human capacity, improve technical competence, and support Nigeria’s transition toward a [...]

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]]> https://www.theinfostride.com/eu-fg-collaborate-to-bridge-skills-shortage-in-nigerias-power-sector/feed/ 0 PENGASSAN Urges Federal Government to Reveal Financiers Behind Terror Activities https://www.theinfostride.com/pengassan-urges-federal-government-to-reveal-financiers-behind-terror-activities/ https://www.theinfostride.com/pengassan-urges-federal-government-to-reveal-financiers-behind-terror-activities/#respond Fri, 05 Dec 2025 13:40:05 +0000 https://www.theinfostride.com/?p=472923 The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the Federal Government to publicly identify and prosecute individuals, groups, and networks believed to be sponsoring terrorism across the country. The association said exposing the financiers of violent extremism has become crucial for national security, economic stability, and the protection of [...]

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]]> https://www.theinfostride.com/pengassan-urges-federal-government-to-reveal-financiers-behind-terror-activities/feed/ 0 FG Approves N185bn Settlement to Gas Producers to Strengthen Power Supply https://www.theinfostride.com/fg-approves-n185bn-settlement-to-gas-producers-to-strengthen-power-supply/ https://www.theinfostride.com/fg-approves-n185bn-settlement-to-gas-producers-to-strengthen-power-supply/#respond Fri, 05 Dec 2025 13:20:23 +0000 https://www.theinfostride.com/?p=472914 The Federal Government has approved the release of N185bn to settle long-standing debts owed to gas producers, marking one of the most significant financial interventions aimed at stabilising Nigeria’s fragile power sector. The decision, endorsed at the highest levels of government, is intended to restore confidence among gas suppliers, many of whom have repeatedly warned [...]

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]]> https://www.theinfostride.com/fg-approves-n185bn-settlement-to-gas-producers-to-strengthen-power-supply/feed/ 0 MAN Tasks FG on Productive Use of Fuel Tariffs to Drive Industrial Growth https://www.theinfostride.com/man-tasks-fg-on-productive-use-of-fuel-tariffs-to-drive-industrial-growth/ https://www.theinfostride.com/man-tasks-fg-on-productive-use-of-fuel-tariffs-to-drive-industrial-growth/#respond Thu, 06 Nov 2025 15:31:47 +0000 https://www.theinfostride.com/?p=470955 The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to ensure that revenue generated from the recently introduced 15 percent fuel import tariff is strategically utilised to boost industrial productivity, support infrastructure development, and strengthen the manufacturing sector. The association said that such an approach would help cushion the potential impact of the [...]

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]]> https://www.theinfostride.com/man-tasks-fg-on-productive-use-of-fuel-tariffs-to-drive-industrial-growth/feed/ 0 Federal Government, Banks Target $20bn in Diaspora Funds to Boost Economic Growth https://www.theinfostride.com/federal-government-banks-target-20bn-in-diaspora-funds-to-boost-economic-growth/ https://www.theinfostride.com/federal-government-banks-target-20bn-in-diaspora-funds-to-boost-economic-growth/#respond Tue, 04 Nov 2025 14:53:06 +0000 https://www.theinfostride.com/?p=470777 The Federal Government, in collaboration with key Nigerian banks, has unveiled plans to attract $20 billion in diaspora funds as part of a broader strategy to strengthen foreign exchange reserves, support infrastructure development, and drive economic recovery. The initiative, which forms a major component of the government’s economic stabilization plan, seeks to leverage remittances and [...]

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]]> https://www.theinfostride.com/federal-government-banks-target-20bn-in-diaspora-funds-to-boost-economic-growth/feed/ 0 NERC Urges Federal Government to Channel $2bn REA Fund to Industrial Development Hubs https://www.theinfostride.com/nerc-urges-federal-government-to-channel-2bn-rea-fund-to-industrial-development-hubs/ https://www.theinfostride.com/nerc-urges-federal-government-to-channel-2bn-rea-fund-to-industrial-development-hubs/#respond Sat, 01 Nov 2025 12:06:33 +0000 https://www.theinfostride.com/?p=470564 The Nigerian Electricity Regulatory Commission (NERC) has called on the Federal Government to strategically deploy the $2 billion fund managed by the Rural Electrification Agency (REA) towards powering industrial and economic hubs across the country. The Commission said the move would accelerate Nigeria’s industrialisation drive, improve energy access, and support small and medium enterprises (SMEs) [...]

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]]> https://www.theinfostride.com/nerc-urges-federal-government-to-channel-2bn-rea-fund-to-industrial-development-hubs/feed/ 0 FG Releases N2.31bn to Universities for Staff Arrears https://www.theinfostride.com/fg-releases-n2-31bn-to-universities-for-staff-arrears/ https://www.theinfostride.com/fg-releases-n2-31bn-to-universities-for-staff-arrears/#respond Thu, 30 Oct 2025 10:00:45 +0000 https://www.theinfostride.com/?p=470497 The Federal Government has released N2.31 billion to federal universities to settle outstanding arrears owed to academic and non-academic staff. The disbursement was confirmed in a statement on Thursday by Kamorudeen Yusuf, Personal Assistant on Special Duties to the President, citing comments from the Minister of Education, Dr. Tunji Alausa. According to the minister, the [...]

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]]> https://www.theinfostride.com/fg-releases-n2-31bn-to-universities-for-staff-arrears/feed/ 0 Federal Government Lists N260bn Bonds for October Auction to Strengthen Capital Market Stability https://www.theinfostride.com/federal-government-lists-n260bn-bonds-for-october-auction-to-strengthen-capital-market-stability/ https://www.theinfostride.com/federal-government-lists-n260bn-bonds-for-october-auction-to-strengthen-capital-market-stability/#respond Wed, 29 Oct 2025 13:51:47 +0000 https://www.theinfostride.com/?p=470309 The Federal Government of Nigeria has announced the listing of N260 billion worth of bonds for its October 2025 auction, signaling continued efforts to deepen the domestic debt market, enhance liquidity, and attract long-term investments. The Debt Management Office (DMO), which disclosed the development, said the auction forms part of the government’s regular borrowing program [...]

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]]> https://www.theinfostride.com/federal-government-lists-n260bn-bonds-for-october-auction-to-strengthen-capital-market-stability/feed/ 0 FG Unveils Affordable Pricing for Renewed Hope Housing Scheme https://www.theinfostride.com/fg-unveils-affordable-pricing-for-renewed-hope-housing-scheme/ https://www.theinfostride.com/fg-unveils-affordable-pricing-for-renewed-hope-housing-scheme/#respond Sat, 25 Oct 2025 19:35:26 +0000 https://www.theinfostride.com/?p=469979 The Federal Government has announced the official prices for the new housing units under the Renewed Hope Cities and Estates Programme, a flagship initiative aimed at addressing Nigeria’s housing deficit and promoting affordable homeownership across the country. The move, which forms part of President Bola Tinubu’s broader economic recovery and social welfare agenda, seeks to [...]

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]]> https://www.theinfostride.com/fg-unveils-affordable-pricing-for-renewed-hope-housing-scheme/feed/ 0 FG asks the UN to help secure $10 billion for humanitarian needs https://www.theinfostride.com/fg-asks-the-un-to-help-secure-10-billion-for-humanitarian-needs/ https://www.theinfostride.com/fg-asks-the-un-to-help-secure-10-billion-for-humanitarian-needs/#respond Thu, 23 Oct 2025 15:17:05 +0000 https://www.theinfostride.com/?p=469841 The Federal Government has appealed to the United Nations (UN) and other international partners for assistance in accessing a proposed $10 billion humanitarian funding aimed at addressing Nigeria’s growing humanitarian and food security challenges. The appeal was made by the Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, during a high-level meeting with [...]

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]]> https://www.theinfostride.com/fg-asks-the-un-to-help-secure-10-billion-for-humanitarian-needs/feed/ 0 FG Eyes 540MW Boost Through ALSCON Power Restoration Project https://www.theinfostride.com/fg-eyes-540mw-boost-through-alscon-power-restoration-project/ https://www.theinfostride.com/fg-eyes-540mw-boost-through-alscon-power-restoration-project/#respond Wed, 22 Oct 2025 14:08:33 +0000 https://www.theinfostride.com/?p=469735 The Federal Government has announced plans to restore power generation at the Aluminium Smelter Company of Nigeria (ALSCON), with a target of generating 540 megawatts (MW) to strengthen the national grid and revive industrial operations in the region. The move is part of broader efforts to accelerate Nigeria’s industrial revitalisation and improve energy access across [...]

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]]> https://www.theinfostride.com/fg-eyes-540mw-boost-through-alscon-power-restoration-project/feed/ 0 Federal Government Eyes $5 Trillion Foreign Direct Investment from 2026 World Investment Summit https://www.theinfostride.com/federal-government-eyes-5-trillion-foreign-direct-investment-from-2026-world-investment-summit/ https://www.theinfostride.com/federal-government-eyes-5-trillion-foreign-direct-investment-from-2026-world-investment-summit/#respond Sun, 19 Oct 2025 19:04:37 +0000 https://www.theinfostride.com/?p=469468 The Federal Government has unveiled an ambitious plan to attract up to $5 trillion in Foreign Direct Investment (FDI) from the upcoming World Investment Summit scheduled for 2026, as part of its broader strategy to position Nigeria as Africa’s premier investment destination. The move aligns with President Bola Tinubu’s administration’s economic diversification drive and ongoing [...]

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]]> https://www.theinfostride.com/federal-government-eyes-5-trillion-foreign-direct-investment-from-2026-world-investment-summit/feed/ 0 Federal Government Aims to List 1,000 SMEs on Capital Market to Drive Economic Growth https://www.theinfostride.com/federal-government-aims-to-list-1000-smes-on-capital-market-to-drive-economic-growth/ https://www.theinfostride.com/federal-government-aims-to-list-1000-smes-on-capital-market-to-drive-economic-growth/#respond Sat, 18 Oct 2025 18:11:41 +0000 https://www.theinfostride.com/?p=469413 The Federal Government has unveiled an ambitious plan to list at least 1,000 Small and Medium Enterprises (SMEs) on the Nigerian capital market in the coming years as part of efforts to deepen financial inclusion, stimulate job creation, and strengthen the nation’s economic resilience.This disclosure was made by the Minister of Industry, Trade and Investment, [...]

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]]> https://www.theinfostride.com/federal-government-aims-to-list-1000-smes-on-capital-market-to-drive-economic-growth/feed/ 0 FG Approves ₦28 Billion for Free Electricity Meter Rollout by DisCos https://www.theinfostride.com/fg-approves-%e2%82%a628-billion-for-free-electricity-meter-rollout-by-discos/ https://www.theinfostride.com/fg-approves-%e2%82%a628-billion-for-free-electricity-meter-rollout-by-discos/#respond Wed, 15 Oct 2025 17:01:46 +0000 https://www.theinfostride.com/?p=469143 The Nigerian Electricity Regulatory Commission (NERC) has approved a ₦28 billion bailout fund for electricity Distribution Companies (DisCos) to accelerate the rollout of free prepaid meters across the country. The initiative, introduced under the second phase of the Meter Acquisition Fund (MAF) Scheme, is designed to close Nigeria’s long-standing metering gap, reduce estimated billing, and [...]

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]]> https://www.theinfostride.com/fg-approves-%e2%82%a628-billion-for-free-electricity-meter-rollout-by-discos/feed/ 0 FG, MAN Collaborate to Revive Export Expansion Grant for Boosting Non-Oil Trade https://www.theinfostride.com/fg-man-collaborate-to-revive-export-expansion-grant-for-boosting-non-oil-trade/ https://www.theinfostride.com/fg-man-collaborate-to-revive-export-expansion-grant-for-boosting-non-oil-trade/#respond Fri, 10 Oct 2025 11:18:47 +0000 https://www.theinfostride.com/?p=468713 The Federal Government and the Manufacturers Association of Nigeria (MAN) have agreed to reinstate and reform the Export Expansion Grant (EEG) as part of broader efforts to revitalise the country’s non-oil export sector. This strategic partnership is expected to strengthen Nigeria’s export competitiveness, diversify revenue streams, and reduce the economy’s overdependence on crude oil earnings. [...]

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]]> https://www.theinfostride.com/fg-man-collaborate-to-revive-export-expansion-grant-for-boosting-non-oil-trade/feed/ 0 FG Floats ₦200bn Bonds on NGX to Deepen Capital Market Access https://www.theinfostride.com/fg-floats-%e2%82%a6200bn-bonds-on-ngx-to-deepen-capital-market-access/ https://www.theinfostride.com/fg-floats-%e2%82%a6200bn-bonds-on-ngx-to-deepen-capital-market-access/#respond Tue, 30 Sep 2025 07:26:55 +0000 https://www.theinfostride.com/?p=467800 The Federal Government of Nigeria has listed new bonds worth ₦200 billion on the Nigerian Exchange (NGX) for the month of September, reinforcing its commitment to raising capital through the domestic debt market while providing investors with secure, long-term instruments. The move is part of the government’s wider debt management strategy aimed at stabilizing public [...]

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]]> https://www.theinfostride.com/fg-floats-%e2%82%a6200bn-bonds-on-ngx-to-deepen-capital-market-access/feed/ 0 FG Plans ₦758 Billion Pension Bond to Settle Outstanding Liabilities — PenCom https://www.theinfostride.com/fg-plans-%e2%82%a6758-billion-pension-bond-to-settle-outstanding-liabilities-pencom/ https://www.theinfostride.com/fg-plans-%e2%82%a6758-billion-pension-bond-to-settle-outstanding-liabilities-pencom/#respond Fri, 19 Sep 2025 16:06:14 +0000 https://www.theinfostride.com/?p=466902 The Federal Government is preparing to issue a bond worth about ₦758 billion before the first week of October, aimed specifically at resolving long-standing pension liabilities, according to the National Pension Commission (PenCom). The move is intended to clear arrears owed to retirees and public sector pensioners, assuring them of relief after years of delay [...]

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]]> https://www.theinfostride.com/fg-plans-%e2%82%a6758-billion-pension-bond-to-settle-outstanding-liabilities-pencom/feed/ 0 FG Disburses ₦330bn to 8.1m Households https://www.theinfostride.com/fg-disburses-%e2%82%a6330bn-to-8-1m-households/ https://www.theinfostride.com/fg-disburses-%e2%82%a6330bn-to-8-1m-households/#respond Thu, 18 Sep 2025 15:59:52 +0000 https://www.theinfostride.com/?p=466814 The Federal Government has paid out ₦330 billion in direct cash transfers as part of its strengthened social protection initiative, reaching more than 8.1 million vulnerable households across Nigeria. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this figure in Abuja, saying the programme is ramping up efforts to cushion the [...]

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]]> https://www.theinfostride.com/fg-disburses-%e2%82%a6330bn-to-8-1m-households/feed/ 0 FG Suspends 4% FOB Import Duty After Industry Pushback https://www.theinfostride.com/fg-suspends-4-fob-import-duty-after-industry-pushback/ https://www.theinfostride.com/fg-suspends-4-fob-import-duty-after-industry-pushback/#respond Tue, 16 Sep 2025 07:52:47 +0000 https://www.theinfostride.com/?p=466678 The Federal Government has announced the suspension of the controversial 4 percent Free-on-Board (FOB) import duty levy earlier imposed by the Nigeria Customs Service on imported goods. The directive, issued by the Ministry of Finance, came after weeks of outcry from importers, trade associations, and business stakeholders who argued that the charge would worsen inflation [...]

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]]> https://www.theinfostride.com/fg-suspends-4-fob-import-duty-after-industry-pushback/feed/ 0 FG, Afreximbank Sign $500m Agreement to Boost Gas Infrastructure Development https://www.theinfostride.com/fg-afreximbank-sign-500m-agreement-to-boost-gas-infrastructure-development/ https://www.theinfostride.com/fg-afreximbank-sign-500m-agreement-to-boost-gas-infrastructure-development/#respond Sun, 14 Sep 2025 10:16:26 +0000 https://www.theinfostride.com/?p=466571 The Federal Government of Nigeria has entered into a landmark $500 million financing agreement with the African Export-Import Bank (Afreximbank) to accelerate the development of the country’s gas infrastructure. The deal, which was officially sealed this week, is a key step in advancing Nigeria’s energy transition plan while also boosting its economic growth prospects. The [...]

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