Tag: Federal Government

National Assembly Wades In to Resolve ASUU-FG Strike

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On Tuesday, the House of Representatives called on the Federal Government and the Academic Staff Union of Universities to immediately resume negotiations in order to settle the ongoing conflict that resulted in the union’s announcement of a two-week warning strike. Following the acceptance of a motion of urgent public significance made by Oluwaseun Whinghan, the member representing Lagos State’s Badagry Federal Constituency, during plenary, the House passed the resolution. Due to the Federal Government’s apparent inability to address long-standing issues, such as the implementation of the 2009 ASUU-FGN Agreement, revitalisation…

Nigeria’s Food Security Plan: Government Announces New Agricultural Incentives

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As part of President Bola Tinubu’s Renewed Hope Agenda, the Federal Government on Tuesday unveiled new incentives to increase agricultural investment. This is a component of continuous changes aimed at utilizing Nigeria’s enormous potential for food production through new policies that revolutionize the nation’s infrastructure and agricultural investments. During the Food and Agriculture Organization of the United Nations (FAO) National and Subregional Hand-in-Hand Investment Forum in Abuja, Vice President Senator Kashim Shettima revealed this. He asserts that although hunger is a worldwide security concern, Nigeria needs to mobilize its resources…

Investors Maintain Positions as Bond Yields Remain Unchanged at 16.97%

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The average yield of Federal Government of Nigeria (FGN) bonds closed flat at 16.97%, reflecting the lack of a bargain-fueling event to boost investors’ muted attitude. According to credit rating agencies, bond investors maintained tight positions in the face of economic uncertainty, erratic returns, and sporadic profit-taking. Citing low trading activity in the secondary market, the investment business claimed that the average yield closed flat at 16.97% at the end of the trading session. The average yield increased at the short (+1 basis point) end of the benchmark curve due…

Tinubu Govt Approves N4Billion Cash Transfer For Vulnerable Households

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Tinubu Govt Approves N4Billion Cash Transfer For Vulnerable Households

President Bola Ahmed Tinubu’s government has allocated N4 billion for conditional cash transfers aimed at assisting vulnerable households in Nigeria. During the unveiling of the 2025 Nigeria Humanitarian Needs and Response Plan at the United Nations House in Abuja on Thursday, the Minister of Humanitarian Affairs and Poverty Reduction, Prof Nentawe Yilwada, announced these initiatives designed to tackle the escalating humanitarian crisis in the country. This initiative is anticipated to benefit at least 10 million displaced households, with a focus on the most at-risk segments of the population. The cash…