Business
FG pays out N330bn cash transfers to poor Nigerians — Edun

…Says to be provisioned in annual budgets
By Emma Ujah, Abuja Bureau Chief
The federal government has paid poor Nigerians the sum of N330 billion in cash transfers through the National Social Safety-net Coordinating Office.
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosed this while briefing the press, in Abuja, yesterday.
He disclosed that there were about 19.7 million poor and vulnerable households and over 70 million individuals on the National Social Register.
The cash transfers are being done from an $800 million facility of the World Bank.
According to Edun, the cash transfers are part of President Bola Tinubu’s strategies to help poor Nigerians cope with rising prices brought about by the fuel subsidy removal and the floating of the Nigeria.
He said, “This is part of plan by Mr. President to get the social protection programme that he had in mind to help the poorest and most-vulnerable through the difficulties caused by the increase in the price level, as we all know, as part of the necessary reforms that were put in place.
“We are pleased to report that the social protection programme, the putting in place of a safety-net to help people, to cope with the rising price level is now firmly back on track. “Of the 20 million households on the Social Register, covering about 75 million Nigerians, the programme was for 15 million households, covering 75 million Nigerians, 8.5 million households have now been paid at least one tranche of the funds that were promised to them- N25,000 Naira.
“They have two more payments to go. Some have received two, and some have received three. And following from that, because what has been put in place is a very robust system.
“People are identified biometrically by their NIN- National Identity Number. Secondly, they are paid digitally through their bank accounts or their mobile wallets. So it’s a very robust and sustainable system.”
The minister added that household yet to be paid would receive theirs before the end of the year.
“The expectation is that the other 7 million or so households will be paid by the end of the year,” he said.
Edun described social safety net as an important aspect of every modern economy.
He said, “What Nigeria now has is a robust system of reaching whichever targeted set of people that we want to reach to help the poorest and the most vulnerable on a long-term basis.”
Inclusion in annual budgets
The minister indicated that special funds would be provided in federal government budgets, going forward, to manage the programme sustainability.
His words, “We expect that there will be the ability to budget each year for assistance for people to be paid directly to help them at any given point in time with an intervention.
“So Nigeria now has the basis for a modern social protection system that was the promise of Mr. President. That is what he is now putting in place. Alongside all the other improvements in the economy, there is the creation and the establishment of a very robust system of reaching the poor.”
Why payment staggered — Olotu
Providing further clarification, on the payments, the National Coordinator of the National Social Safety-net Coordinating Office, Funmi Olotu, said some beneficiaries received one, two or even three payments because the President insisted that payments be linked to NIN to ensure the transparency of the programme.
“We do direct-debit transfer. Mr. President said no more traditional mode of payment of cash to people. He said we must pay directly to their bank accounts. That is why we have first tranche, second tranche and third tranche.”
The post FG pays out N330bn cash transfers to poor Nigerians — Edun appeared first on Vanguard News.
Business
LPG: FG targets 5m homes for cooking gas transition — Ekpo
•Says Nigeria’s development hinges on gas utilisation
By Ediri Ejoh
The Federal Government has reaffirmed its commitment to expanding gas utilisation, saying it is targeting five million households to transition from firewood, kerosene and other biomass fuels to Liquefied Petroleum Gas (LPG) as part of efforts to cut carbon emissions and improve public health.
Speaking at the 2026 Nigeria Oil and Gas (NOG) Conference and Exhibition, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said Nigeria’s economic development depends largely on harnessing its vast gas resources.
According to him, “Nigeria sees gas as its transition fuel. We are not opposed to the global energy transition, but every country must transition based on its available resources. For Nigeria, that resource is natural gas.”
He added, “Gas is essential because its utilisation cuts across power generation, industrialisation, fertiliser production, household energy and transportation. Gas is the solution for Nigeria. That is why Mr. President created the office of the Minister of State for Gas and provided incentives under the Petroleum Industry Act (PIA) to deepen gas utilisation.”
Ekpo said, “In the past, gas was undervalued, but today it has become central to addressing climate change. We are intentionally deploying technologies that reduce carbon emissions through greater gas utilisation.”
He further stated, “Under the Decade of Gas Initiative, we have identified key projects that will bring gas closer to Nigerians. We are targeting about five million homes to switch from firewood, kerosene and biomass to LPG. This will improve household health while reducing carbon emissions. We are driving this because Nigeria has enormous gas reserves.”
Also speaking, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, said ongoing fiscal and sector reforms have strengthened investor confidence.
He said, “Nigeria is strategically positioned for growth. Investors can be assured that their capital is safe and will generate returns. We are positioning the country for global competitiveness.”
Business
FG suspends enforcement of new internet platform, digital economy regulations
By Progress Godfrey
The Federal Government has suspended the enforcement of new regulations affecting internet platforms, online intermediaries and other cross-cutting digital economy issues pending the completion of a national policy review.
The directive was contained in a statement issued by the Minister of Communications, Innovation and Digital Economy Dr Bosun Tijani, on Tuesday, after a strategic meeting with the leadership of the Nigerian Communications Commission (NCC), National Information Technology Development Agency (NITDA), and Nigeria Data Protection Commission (NDPC).
Tijjani said the decision aimed to maintain the current regulatory position while work continues on a harmonised national policy and governance framework for the digital economy.
He explained that the rapid growth of the digital economy has created overlaps in the responsibilities of sector regulators, making closer coordination necessary to provide legal certainty and support investment, innovation and consumer confidence.
As part of the directive, agencies have been asked to defer the implementation or enforcement of any recently issued regulation, code, guideline, framework, directive or administrative requirement relating to internet platforms, online intermediaries and other cross-cutting digital economy issues that are under policy harmonisation.
Tijani said: “The existing regulatory status quo shall be maintained with respect to matters relating to internet platforms, online intermediaries and other cross-cutting digital economy issues currently undergoing inter-agency policy harmonisation under the Ministry’s coordination.
“Relevant agencies are to defer the implementation or enforcement of any recently issued regulation, code, guideline, framework, directive or administrative requirement relating to Internet platforms, online intermediaries or other cross-cutting digital economy matters, to the extent that such provisions concern areas currently undergoing policy harmonisation under the Ministry’s coordination.
“The above direction is without prejudice to the statutory responsibilities of the respective institutions. Accordingly, all other provisions of existing regulations, guidelines, codes and directives that fall squarely within the express mandates of the relevant agencies under extant laws shall remain fully operational and enforceable, provided they are consistent with the policy direction issued by the Minister.” The minister also announced the establishment of a Joint Technical Coordination Committee comprising representatives of the NCC, NITDA and NDPC under the Office of the Minister.
Business
Dangote Cement targets 20% emissions cut, expands capacity to 80mtpa
By Yinka Kolawole
Dangote Cement Plc has unveiled plans to cut net carbon dioxide (CO‚ ) emissions intensity by 20 per cent while expanding production capacity to 80 million tonnes per annum (mtpa) by 2030, as it pursues its ambition of becoming Africa’s most sustainable and globally competitive cement producer.
Presenting the company’s 2025 Sustainability Scorecard at its 17th Annual General Meeting in Lagos, Chairman, Emmanuel Ikazoboh, said sustainability has become a core business strategy driving growth, competitiveness and long-term value creation across its African operations.
He disclosed that the company has approved a new decarbonisation roadmap, including migrating virtually its entire Nigerian truck fleet to Compressed Natural Gas (CNG) by 2027, excluding the Gboko plant, while electric trucks will be introduced from 2026.
Ikazoboh also said the company is expanding port infrastructure at Apapa, Onne and Lekki to strengthen export capacity, while pursuing investments that will increase installed production capacity to 80mtpa by 2030, including new operations in Botswana and Zimbabwe.
On environmental performance, he said Dangote Cement has reduced CO‚ emissions intensity by 6.5 per cent from its 2021 baseline, cut energy intensity by 1.7 per cent, lowered overall energy consumption by four per cent and reduced water use by eight per cent through increased deployment of alternative fuels, energy-efficient technologies and lower clinker production.
According to him, the company also co-processed over 437,000 tonnes of waste as alternative fuel, reducing dependence on fossil fuels and improving resource efficiency.
Ikazoboh added that Dangote Cement created 625 direct green jobs during the year, increased social investment spending by 56 per cent, raised graduate trainee recruitment by 74 per cent and invested N2.1 billion in employee training.
He said the company also strengthened its ESG framework with new Artificial Intelligence Risk Management, Biodiversity and Disability Inclusion policies, while integrating 297 local vendors into its ESG-focused supply chain programme, positioning it for sustainable growth and supporting Africa’s low-carbon industrial transition.
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