Reps to Probe Non-release of N174.26bn in Agric
By Oluwakemi Kindness The House of Representatives is set to investigate the non-release of N174.26 billion in agricultural intervention funds, amid warnings that the delay is aggravating Nigeria’s food security challenges. This is despite the federal government’s ongoing state of emergency on food security. Chairman of the House Committee on Agricultural Production and Services, Bello […]
NSDC, NEXIM Bank Seal Sugar Financing Deal
By Oluwakemi Kindness The National Sugar Development Council (NSDC) has partnered with NEXIM Bank to secure long-term financing to scale Nigeria’s sugar production and cut reliance on imports. The move according to a statement on Thursday is aimed at closing the major funding gap that has slowed the development of large-scale sugar projects across the […]
Reps to Stop 2026 Budgets for 22 MDAs Over Lapses
By Oluwakemi Kindness The House of Representatives Public Accounts Committee (PAC) has moved to stop 2026 budgetary allocations to 22 federal Ministries, Departments and Agencies (MDAs) for repeatedly failing to account for public funds and ignoring legislative oversight. The affected agencies include the Nigerian Meteorological Agency (NiMet), Federal Housing Authority (FHA), Standards Organisation of Nigeria […]
NSITF Reviews Performance, Expands Service Outlets
By Chinedu Echianu The Nigeria Social Insurance Trust Fund (NSITF) has commenced its annual Management Performance Review (MPR) in Abuja, bringing together top management to assess the organisation’s performance over the past year and outline strategic priorities for 2026. The two-day review, holding from February 12–13, focuses on evaluating progress made in strengthening operations and […]
Nigeria Attracts $21bn in 2025, Ministry Calls for More Funding
By Oluwakemi Kindness Nigeria attracted over $21 billion in capital inflows in 2025, marking the country’s strongest investment performance in three years. The Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, disclosed this on Wednesday during the 2026 budget defense session for the commerce sector at the National Assembly. According to her, the sharp […]
Food Security at Risk as Agriculture Ministry Flags Funding Delays
By Oluwakemi Kindness The Federal Ministry of Agriculture and Food Security has warned that delayed capital releases and declining budgetary allocations are slowing critical food security programmes nationwide. Minister of State for Agriculture and Food Security, Senator Aliyu Abdullahi, delivered the caution on while presenting the ministry’s 2026 budget proposal before a joint session of […]
Reps Name Seven-Member Panel to Audit Gas Use by Gencos
By Oluwakemi Kindness The House of Representatives on Tuesday named a seven-member panel to scrutinise how electricity generation companies (Gencos) have used gas supplied to them over the years. The new sub-committee, chaired by Rep. Afam Victor Ogene, includes Reps. Kafilat Ogbara, Salisu Magaji, Faud Kayode Laguda, Harrison Nwadike and others. This fresh mandate emerged […]
CSOs Demand Fair, Transparent Tax System, Warn Against Multiple Levies
By Oluwakemi Kindness Civil society leaders have urged the Nigerian government to ensure taxes are fair, transparent, and used for public benefit, raising concerns over multiple levies and weak accountability systems that burden ordinary citizens. Speaking in Abuja on Tuesday, at a convening on the Nigeria Tax Acts 2025, Executive Director of CISLAC and Secretary […]
NSITF Dismisses Corruption Allegations Against Its Managing Director
By Chinedu Echianu The Nigeria Social Insurance Trust Fund (NSITF) has dismissed as false and malicious, recent media reports alleging financial impropriety, abuse of office and diversion of funds against its Managing Director, Barrister Oluwaseun Faleye In a statement on Tuesday issued by its management, the Fund says the allegations are not supported by verifiable […]
Stop Enabling Non-Compliant Firms, CAC Tells Banks
By Oluwakemi Kindness The Corporate Affairs Commission (CAC) on Tuesday cautioned banks and other financial institutions against enabling non-compliant companies to operate. The CAC is also insisting that entities without full disclosure of their Persons with Significant Control (PSC) must not be allowed to enjoy legal or financial privileges. The Registrar-General of CAC. Hussaini Magaji […]