Tag: FGN

The Federal Government of Nigeria has cancelled $717.7 million in remaining undisbursed funding from the World Bank, effectively terminating the balance of a major power sector recovery programme amid ongoing challenges in the electricity industry. According to World Bank restructuring documents, the cancellation follows a formal request by the Nigerian government on March 26, 2026, […]

The Federal Government of Nigeria has remained resolute and declared her commitment to market-driven reforms, Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele, has firmly ruled out any reintroduction of fuel subsidies or imposition of price controls, even as pump prices have surged by approximately 50% due to escalating global tensions. Speaking to […]