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Tag Archives: FG

FG Partners Mortgage, Microfinance Banks To Provide Affordable Housing

FG, Housing Scheme, Mortgage, Microfinance Banks

The Federal Government, in partnership with some mortgage and microfinance banks has concluded plans to provide affordable housing to Nigerians irrespective of their economic status. The scheme which is christened- My Own Home, is working with a $300 million World Bank loan to provide such homes to Nigerians without collateral. …

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FG Set To Review All Investment, Trade Agreements Since 1960

FG, Trade And Investment Office, Chiedu Osakwe

Chiedu Osakwe, Director-General of the Nigeria office for trade negotiations, says the agency will embark on a review of all trade and investment agreements entered into with countries and entities since 1960. In an interview with BusinessDay, Osakwe said the aim of the review is to update and modernise such …

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FG implores AfDB to fast-track $1b loan

AfDB

The Federal Government has appealed to the African Development Bank(AfDB) to fast-track the $1b loan facility it promised as support for the implementation of Nigeria’s 2016 budget. According to the government, the loan is expected to cover the 35 per cent shortfall in the budget. The Minister of Budget and …

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RMAFC supports FG on $15b cash-for-oil deal with India

RMAFC

The Revenue Mobilisation Allocation and Fiscal Commission(RMAFC) has thrown its weight behind the move by the Federal Government to seal a $15bn future oil deal with the government of India. The Minister of State for Petroleum, Dr. Ibe Kachikwu, had on Tuesday announced a deal with the Indian government that …

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FG approves N30b Mining intervention fund

Mining

The Federal Government on Wednesday, as part of efforts to rebound and diversify the nation’s economy, approved the disbursement of N30 billion intervention fund for the development of the mining sector. The intervention fund, it is learnt, will be used mostly for the exploration of solid minerals in the country …

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Stakeholders charge FG to pump more money into the economy

Federal Government

Stakeholders in both the Nigerian capital and money markets have called on the Federal Government to quickly act by using fiscal and monetary policies to reflate the economy and bring down interest rate. Speaking at the triennial delegates’ conference of the Independent Shareholders Association of Nigeria, ISAN in Lagos, Mr. …

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SMEDAN, NICON sign MoU on insurance cover

SMEDAN

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN)  has signed a Memorandum of Understanding with NICON Insurance Limited to boost the Federal Government’s diversification agenda through the empowerment of the informal sector.   In a statement on Wednesday, the company said the decision was aimed at boosting the …

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FG Sacks 20 FAAN Directors, Managers

Aviation

About 21 senior officials of the Federal Airports Authority of Nigeria (FAAN) were on Wednesday sacked in a major shake-up. Those affected, including directors, general managers and deputy general managers, were reportedly handed their termination of appointment letters. Sources at the head office of FAAN in Lagos told our correspondent …

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FG Sets Aside $1.3b For SMEs Financing

Kemi Adeosun

The Federal Government has set aside about $1.3 billion to support Small and Medium Enterprises (SMEs) in the country. The fund will be managed by the Development Bank of Nigeria (DBN), the Minister of Finance, Mrs. Kemi Adeosun, has said. Mrs. Adeosun, who spoke during a briefing with Nigerian reporters …

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