Nigeria: Minister calls for regional collaboration to drive Africa’s energy future

Mr Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), has advocated stronger regional collaboration to drive Africa’s energy future.   Speaking at the ongoing Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos on Tuesday, Lokpobiri called for the creation of frameworks that would encourage collaboration and prevent competition among African nations.   READ MORE

Nigeria: CBN reviews ATM transaction fees, removes free monthly withdrawal fee from other banks ATM

The Central Bank of Nigeria has announced new Automated Tellar Machine ( ATM) withdrawal guidelines including removal of three free monthly withdrawals allowed in other banks’ ATM.   The apex bank in a circular signed by it Ag. Director, Financial Policy and Regulation Department, John Onojah imposed a withdrawal fee of between N100 and N600 READ MORE

NASENI boss directs institute under the agency to first patronize NASENI’s technologies and products

The Management of the National Agency for Science and Engineering Infrastructure (NASENI) has directed all Development Institutes of the Agency to henceforth patronize themselves first, to ensure collaboration and to enhance the drive toward full commercialization of products and technologies from the Agency.   According to a statement by Mr. Olusegun Ayeoyenikan, Director of Information, READ MORE

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FG reiterates commitment to stronger climate action, sustainable land mgt in North

The Federal Ministry of Environment has pledged its commitment to ecological restoration and climate resilience across the 19 northern states of Nigeria through strong policies and strategic interventions.   Speaking at a stakeholder engagement meeting in Sokoto on Monday, the National Coordinator of the Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) project, Abdulhamid Umar, emphasised the READ MORE

ICRC, World Bank explore capital market option to fund infrastructure in Nigeria

The Federal Government of Nigeria has confirmed discussion with the International Finance Corporation (IFC) to explore capital market and funding options in Nigeria for infrastructure development through Public Private Partnerships (PPP).   A statement issued by Ifeanyi Nwoko, the Acting Head, Media and Publicity, ICRC on Sunday in Abuja, said this was the focus of READ MORE

Lagos govt eyes increased IGR to fund infrastructure

The Lagos State Government is working on increase in Internally Generated Revenue to finance its ambitious infrastructure projects, allocating N1.052tn—31.27% of its N3.367tn budget for 2025—to various developmental initiatives.   At a press briefing on Friday in Alausa, Ikeja, the Commissioner for Economic Planning and Budget, Ope George, alongside the Commissioner for Finance, Abayomi Oluyomi, READ MORE

Nigeria govt to toll 100% completed major roads in six geopolitical zones – Umahi

Nigeria’s Minister of Works, David Umahi, has confirmed that the that Federal Government will toll major roads that have been fully completed within the six geopolitical zones and key economic corridors to ensure effective infrastructure maintenance.   Speaking while inspecting the ongoing construction on the Abuja-Kaduna dual carriageway, he stated that the Federal Government was READ MORE

Nigeria govt plans stakeholders’ engagement for 12-year basic education model

Nigeria’s Minister of Education, Dr. Tunji Alausa, on Friday, said the government would engage stakeholders over the proposed 12-year basic education model.   The minister made this known during a press briefing in Abuja.   Alausa earlier at the Extraordinary National Council on Education Meeting in Abuja on Thursday, presented a proposal that aims to READ MORE

Nigeria: Minister unveils contactless platform to ease passport renewal in Europe

The Federal Government of Nigeria has introduced a Contactless Passport Renewal System in Europe to enable citizens to renew their passports effortlessly.   The system will allow eligible Nigerians to renew their passports online without visiting an embassy or consulate, reducing waiting times and eliminating the inconvenience of travel.   According to a statement, the READ MORE

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Lagos govt earmarks N1,052trn for infrastructural development in Budget 2025

*Commissioners reiterate Sanwo-Olu’s commitment to completion of ongoing projects   Lagos State Government said it has earmarked N1.052 trillion in its 2025 budget for infrastructural sustainability, in line with Governor Babajide Sanwo-Olu’s administration’s plan to complete ongoing projects in different parts of the State.   This was disclosed by Lagos State Commissioner for Economic Planning READ MORE