₦4bn Cash Transfer to Support 10 Million Displaced Households The Federal Government has approved ₦4bn for conditional cash transfers to assist vulnerable households across Nigeria. This initiative was announced during the launch of the 2025 Nigeria Humanitarian Needs and Response Plan (HNRP) at the United Nations House in Abuja on Thursday. Minister of Humanitarian Affairs…
The Federal Government and 21 states have projected a combined VAT revenue of N2.5 trillion for 2025. This figure represents a significant increase compared to previous years, despite ongoing controversies surrounding proposed tax reforms. Revenue Set to Increase Across Federal Government and States The Federal Government’s VAT share is projected to rise to N972bn in…
The Federal Government has announced stricter monitoring of inbound passengers from China to manage the spread of a new virus. These measures include enhanced surveillance and quarantine protocols as necessary to protect public health. New Virus Sparks Concerns Over Rising Cases in China Reports indicate a sharp increase in cases of the Human Metapneumovirus (HMPV)…
Oil marketers under PETROAN have urged the Federal Government to privatise Nigerian-owned refineries and focus on Compressed Natural Gas (CNG). They emphasized that privatisation of the Warri and Kaduna refineries would improve efficiency, transparency, and accountability. Privatization of Refineries Key to Solving Downstream Challenges, Say Oil MarketersPETROAN stated that privatising refineries would reduce government spending…
The Debt Management Office (DMO) has affirmed that the Federal Government (FG) has made sufficient budgetary provisions for Nigeria’s debt obligations. This assurance covers both foreign and local debts, reflecting a commitment to financial stability and fiscal responsibility. DMO Highlights Debt Servicing Consistency The debt management office emphasized that Nigeria’s debt management aligns with relevant…
