April 29, 2025
Lagos, Nigeria

federal government

Headlines

No Pay, No Property: FG Moves to Seize Homes from Defaulting Retirees

The Federal Government Staff Housing Loans Board (FGSHLB) has initiated a crackdown on retired civil servants who have defaulted on housing loan repayments, signaling a significant policy shift to enforce compliance and recover public funds. In a recent statement, FGSHLB’s Head of Information and Public Relations, Mrs. Ngozi Obiechina, announced that the Board is compiling

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News

Nigeria to Offset N2 Trillion in Power Sector Debt Amid Ongoing Electricity Challenges

In a significant move to address the mounting financial strain in Nigeria’s power sector, the Federal Government has announced plans to settle ₦2 trillion of the ₦4.7 trillion debt owed to electricity generation companies (GenCos) by the end of 2025. This initiative aims to prevent potential power plant shutdowns and ensure the continuity of the

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