Tag: Federal Government
No Going Back on Petrol, Electricity Subsidies – FG Insists
The Federal Government has said that it does not have any plan of rescinding its policy on subsidy removal on Premium Motor Spirit (PMS),...
Consumers to Get Refund for Meter Payment, NERC Assures
Nigerian Electricity Regulatory Commission, NERC has said that electricity customers who paid for meters under the Meter Asset Provider scheme will be refunded.
NERC through...
‘Nigeria May Lose N1.2trn Oil Revenue to Non-Compliance to Fiscal Incentive...
Nigeria might have lost over N1.2 trillion in oil revenue following the alleged breach of the 2000/2001 fiscal incentive package conditions by SINOPEC-ADDAX.
Senator Gershom...
Senate Passes 2021-2023 MTEF/FSP, Pegs Oil Benchmark at $40
Nigerian Senate last Thursday passed the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper.
The law makers also pegged oil benchmark at $40 and...
FG Adds 60MW Hydropower Plant to National Grid
The Federal Government, Friday added a new hydropower plant to the nation’s power grid. The addition of Dadin Kowa Hydropower Plant has brought the...
Breaking: FG Reduces Price of Fuel
The Federal Government has announced a reduction in the pump price of premium motor spirit, also known as petrol, from N168 to N162.44 per...
Nigeria Declares 2021 to 2030 Decade of Gas Development for Nigeria
The Federal Government has declared Jan. 1, 2021 to Dec. 31, 2030 as “The Decade of Gas Development for Nigeria”.
The Minister of State for...
FG Vows to Take Tough Measures Against DisCos, Agents Selling Prepaid...
The Federal Government reiterated its resolve to mete stiff measures to any of the power distribution companies (DisCos) or their agents selling prepaid meters...
Automobile Owners to Pay N250,000 for Conversion from Fuel to Autogas,...
The Federal Government has said that automobile owners will pay N250,000 to convert their vehicles to run on gas.
Speaking at Channels Television Programme, Justice...
Organized Labour to Get 1,000 Gas-Powered Buses – Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva, on Tuesday said that the Federal Government would be handing over a total of...
FG Rolls Out Autogas Scheme Today — NGEP
The Federal Government will on Tuesday, December 1 roll out the autogas scheme in Abuja as it moves to create alternative fuel for automobiles...
FG Can No Longer Bear Electricity Tariff Shortfalls – Buhari
The President Muhammadu Buhari has said the tariff shortfalls in the power sector being borne by the Federal Government are no longer sustainable.
Buhari said...
FG Hands Over Afam Power Plant to Transcorp
The Federal Government has handed over the Afam Power Plant to Transcorp Power Consortium after it emerged the preferred bidder of the power asset,...
Correct Oil Industry Mistakes, Bayelsa State Government Charges FG
The federal government and other critical stakeholders in the Nigerian oil and gas industry have been charged to ameliorate the mistakes that are depriving...
FG Signs MoU on Fuel Transportation, Storage with Niger Republic
The Federal Government on Thursday signed a Memorandum of Understanding (MoU) with the Republic of Niger for the transportation and storage of petroleum products.
In...
MOMAS Supports FG’s Mass Metering Initiative, Offers Free Training for Engineers
An indigenous electricity meter manufacturer company, MOMAS Electricity Meters Manufacturing Company (MEMMCOL) has flagged off a free training programme for graduate engineers on meter...
Nigeria’s Fiscal Provisions for Gas, …One of Most Attractive in Africa...
The Federal Government of Nigeria has said that its fiscal provisions in the Petroleum Industry Bill for gas business would be one of the...
FG to Unveil Techno Oil LPG Lagos Terminal, Nov. 18
The Federal Government’s drive to stimulate job creation has started yielding dividends with Techno Oil Ltd set to inaugurate an automated Liquefied Petroleum Gas...
FG Restates Commitment to Improve Power Supply
The Federal Government says it has initiated viable power infrastructure development projects to enhance quality power generation, transmission and distribution in the country.
The Minister...
NIPCO Converts 6,000 Vehicles to Run on Gas
So far, about 6,000 vehicles have been fitted to run on gas since 2009 when the initiative was launched in Benin, Edo State, NIPCO...
