Tag: FEDERAL GOVERNMENT
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Federal Government has banned the use of physical cash for all revenue payments and ordered Ministries, Departments, and Agencies (MDAs) to install POS terminals within 45 days, according to new Treasury circulars issued by the Office of the Accountant-General of the Federation (OAGF). The policy requires that all Federal Government payments be made electronically…
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Federal Government has unveiled Nigeria’s first National Policy on Drug and Substance Abuse in Schools, aimed at curbing rising drug use in secondary and tertiary institutions. Minister of Education Tunji Alausa, who launched the document in Abuja, said the new policy framework prioritises 80% implementation and 20% policy development, with states expected to drive execution…
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Public sector economist and senior lecturer at the University of Agricultural and Environmental Science, Dr. Desmond Echeta, has explained the reasons behind the recent decline in food prices and reduction in inflation across the country. Speaking to our reporter, Dr. Echeta attributed the positive trend to the Federal Government’s short-term economic measures, which have helped…
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The Nigeria Labour Congress (NLC) has given the Federal Government a four-week ultimatum to conclude negotiations with all tertiary institution unions, warning of a possible nationwide strike if talks remain unresolved. NLC President Joe Ajaero issued the warning on Monday in Abuja after a meeting with leaders of university-based unions, including Academic Staff Union of Universities…
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Federal Government has committed $538.05 million to establish Special Agro-Industrial Processing Zones (SAPZs) in Kaduna, Cross River, and Ogun States, with plans for further expansion, aiming to transform food systems and boost agricultural productivity. This initiative, leveraging private sector participation, is expected to attract an additional $1 billion by 2027. The SAPZs also aim to…
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Federal Government through the Budget Office of the Federation has announced that the 2024 Budget Performance Report, along with the delayed first and second quarter reports for 2025, will be released by the end of September 2025. The delay, attributed to verification processes and Nigeria’s shift to a new extended fiscal framework, aims to ensure…
