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FG, GenCos Agree on ₦4 Trillion Plan to Settle Power Sector Debt

By Ayomide Otitoju The Federal Government and electricity generation companies (GenCos) have agreed on a comprehensive payment plan to settle outstanding debts under the Presidential PowerA statement released on Tuesday by the Special Adviser to the President on Energy, Olu jen, said the framework, approved by President Bola Tinubu, is designed to address structural bottlenecks…

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FG, MAN to Revamp Export Grant, Boost Non-Oil Exports

By Ayomide Otitoju The Federal Government and the Manufacturers Association of Nigeria (MAN) have renewed their commitment to tackling challenges in Nigeria’s export sector, revamping the Export Expansion Grant (EEG) scheme, and boosting non-oil exports to drive economic growth. Speaking at the Annual General Meeting of the Manufacturers Association of Nigeria Export Promotion Group (MANEG)…

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FG, NNPC, FIRST E&P JV Urge Stakeholder Collaboration in Oil Communities

By Ayomide Otitoju The Federal Government and the NNPC Limited/FIRST Exploration and Petroleum Development Company (FIRST E&P) Joint Venture (JV) have emphasized the need for collaboration among stakeholders in oil-producing communities to drive sustainable development. This call was made by the Managing Director of FIRST E&P, Ademola Adeyemi-Bero, and the Minister of State for Petroleum…

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FG, NNPCL Launches Rehabilitation of 5,120km Pipeline Network

By Ayomide Otitoju The Federal Government, through the Nigerian National Petroleum Company Limited (NNPCL), has launched a comprehensive rehabilitation project for 5,120 kilometers of pipelines used to transport crude oil and other petroleum products across Nigeria. The initiative, aimed at bolstering energy security and reducing environmental impact, was disclosed by NNPCL Group Chief Executive Officer…

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FG, World Bank Launch Rural Electrification for 17.5 Million Nigerians

The Federal Government, in partnership with the World Bank, is set to commence a major rural electrification project in November, aimed at providing electricity to 17.5 million Nigerians. This was revealed by the Managing Director of the Rural Electrification Agency (REA), Abba Aliyu, during an appearance on Channels Television’s Sunrise Daily on Thursday. Aliyu stated…

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