Electricity subsidy gulps N30bn per month, says FG
The amount spent on subsidising electricity every month in Nigeria is now about N30bn, the Federal Government has said. It disclosed that the government’s subsidy
Tag : FG
Mass metering first phase to gulp N60bn, says FG
The Central Bank of Nigeria is providing N60bn for one million electricity meters that are meant for free distribution to unmetered power users across the
World Bank, CBN fully funding six million meters – FG
The World Bank and the Central Bank of Nigeria are fully providing funds for the estimated six million electricity meters required to close the metering
FG, States’ owe N33.11tn in external, domestic debt in Q1 — NBS
The Federal and State governments owe N33.11 trillion in public debts, as at March 31, according to latest figures released by the National Bureau of
We’re investing $1bn on Lagos-Ibadan Expressway, two others – FG
Puts Nigeria’s infrastructure deficit at N15tn The Federal Government on Thursday said it was investing $1bn on the construction of the Lagos-Ibadan Expressway, Second Niger
Return of fuel subsidies disturbing, IMF tells FG
In a virtual meeting with the representatives of the Federal Government, the mission of the International Monetary Fund stated that the resurfacing of fuel subsidies
Petrol price regulation causing mass poverty, stagnation – FG
The continued regulation of the pump price of Premium Motor Spirit, popularly called petrol, is causing stagnation and impoverishment of the masses, the Federal Government
Petrol subsidy discouraging investment in private refineries –FG
Many private investors are not motivated to establish refineries in Nigeria because of the continued subsidy on Premium Motor Spirit, popularly known as petrol, the
40 billion reserves, 4mbpd production achievable through marginal oilfields – FG
The Federal Government on Monday said moves to produce four million barrels of crude oil per day and grow the country’s reserves to 40 billion
Courts, State Assemblies to resume next week – FG
The Federal Government has expressed optimism that courts and state assemblies would re-open next week, following the resolution it reached with the striking workers in
