The Federal Government will, in 2026, roll out two additional investment funds targeting Nigerian technology and creative startups under its Investment in Digital and Creative Enterprises (iDICE) programme, officials disclosed over the weekend. The new financing windows, a creative sector fund, and a “fund of funds” for smaller investment vehicles are part of the government’s…
The Federal Government (FG) has borrowed N17.36 trillion from domestic and foreign sources in the first 10 months of this year. This represents N6.06 trillion (55.6 per cent) in excess of the N10.9 trillion stipulated in the 2025 Appropriation Act on 10 months prorate bases. The total borrowing in 2025 approved budget is N13.08 trillion…
Omoyele Sowore, a Nigerian activist and publisher of Sahara Reporters has alleged that the Federal Government has perfect plans to sentence Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB) to death. Sowore made this allegation in a post on his Facebook page on Wednesday, November 5, 2025. He said that there is…
The President of the National Association of Nigerian Travel Agencies, NANTA, Yinka Folami, has revealed that the Federal Government will soon end the sale of tickets in dollars by foreign airlines. Folami stated this while speaking on a cultural and tourism programme in Lagos at the weekend, describing the cross-border trading in foreign currency as…
The Federal Government has announced plans to phase out the use of chalkboards in Nigerian schools by 2027. The move is aimed at modernising classroom teaching and ensuring every school in the country is equipped with smart boards in line with global education standards. Minister of Education, Dr. Olatunji Alausa, disclosed this during a ministerial…
The Federal Government on Wednesday said it has released the sum of N2.3bn to clear salary and promotion arrears of university lecturers. The government also reaffirmed its unwavering commitment to revitalizing Nigeria’s tertiary education sector through decisive fiscal interventions, policy reforms, and sustained dialogue with the Academic Staff Union of Universities and other university-based unions….
The Federal Government has disclosed plans to expand its direct cash transfer programme to reach more beneficiaries at the grassroots level in a broader effort to cushion the impact of economic reforms in the country. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this known on Tuesday at the Oxford Global…
The Federal Government is exploring a partnership with the Republic of China for the revitalisation of the Ajaokuta Steel Company Limited (ASCL) and the National Iron Ore Mining Company (NIOMCO), Itakpe, Kogi State. The Minister of Steel Development, Shuaibu Abubakar, disclosed this on Tuesday in Abuja at the opening of the 10th edition of Nigeria’s…
The Nigeria Labour Congress (NLC) has declared full solidarity with the Academic Staff Union of Universities (ASUU) over its two-week warning strike, describing the action as a justified response to government negligence. Joe Ajaero, NLC president, said the union is concerned over the “persistent crisis in Nigeria’s public education system, marked by chronic underfunding and…
The Federal Government on Sunday night warned that it would enforce the no-work-no-pay policy against members of the Academic Staff Union of Universities (ASUU) if the union proceeds with its planned strike. In a statement signed by Folasade Boriowo, spokesperson for the Federal Ministry of Education, the government accused ASUU of failing to cooperate despite…