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Federal Executive Council approves $2.2 billion external borrowing and new Mortgage Fund Initiative

Ihesiulo Grace 14 November 2024 0

Today’s Federal Executive Council meeting in Nigeria covered significant policy updates presented by Finance Minister Wale Edun and the Ministry of Budget and Economic Planning. Key discussions focused on the country’s borrowing program, housing finance initiatives, and fiscal planning for

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FEC approves N1.8bn for regulatory systems to checkmate criminals in telecoms sector

Ihesiulo Grace 9 December 2021 0

*Okays N965.9m for NCoS to purchase 49 vehicles The Federal Executive Council (FEC) on Wednesday approved N1.8 billion for the deployment of regulatory systems in the Nigerian Telecommunications industry to tackle criminal activities. Minister of Communications and Digital Economy, Prof. Isa Pantami, told State House correspondents in Abuja that it was the outcome of the

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NNPC gets FEC’s nod to deploy N621.2bn tax liabilities to road projects

Ihesiulo Grace 28 October 2021 0

The Federal Executive Council (FEC) has given the Nigerian National Petroleum Corporation (NNPC) the approval to deploy some of its tax liabilities to 21 road projects across the six-geo-political zones. Babatunde Fashola, Minister of Works and Housing, briefed State House correspondents after a virtual FEC meeting presided over by Vice President Yemi Osinbajo on Wednesday

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FEC approves N8.39 billion to augment Sokoto road reconstruction

Ihesiulo Grace 22 April 2021 0

By Kamarudeen Ogundele, Abuja The Federal Executive Council (FEC) has approved the sum of N8.39bn to augment the contract sum awarded for the rehabilitation of Sokoto-Tambuwal-Jega-Makera Road. The contract was awarded in 2012 for the rehabilitation, but has deteriorated from the state it was awarded, hence the need for reconstruction. The Minister of Works and […]

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BREAKING: FEC approves $3.1bn for automation of Nigeria Customs

Ihesiulo Grace 2 September 2020 0

The Federal Executive Council (FEC) has approved $3.1 billion for the end to end automation of the Nigeria Customs Service (NCS). Nigeria’s Minister of Finance, Zainab Ahmed disclosed this at the end of the FEC virtual meeting in Abuja on Wednesday. READ ALSO: FEC approves N2.3trn stimulus package to keep economy afloat According to her, […]

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FEC approves N2.3trn stimulus package to keep economy afloat

Ihesiulo Grace 25 June 2020 0

The Federal Executive Council (FEC) has approved a N2.3 trillion stimulus package to keep the nation’s economy afloat which is part of the recommendations of the Nigeria Economic Sustainability Plan (NESP) led by the Vice President Yemi Osinbajo-led committee. Zainab Ahmed, the minister of Finance, Budget and National Planning, announced this while addressing journalists

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Hostilities in Presidency: Buhari’s FEC cancerous, should be disbanded – PDP

Ihesiulo Grace 26 May 2020 0

…Says APC govt has failed to provide organized leadership for Nigeria Tunde Opalana, Abuja The Peoples Democratic Party (PDP) has said that the President Muhammadu Buhari-led Federal Executive Council (FEC) has become cancerous, disorganized, chaotic, and incapable of driving an organized, result-oriented system and as such should be disbanded. The party’s position

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FEC increases revised 2020 budget to N10.5trn

Ihesiulo Grace 14 May 2020 0

…Okays 1.2bn Euros loan for agric mechanisation The Federal Executive Council (FEC) has approved an increase in the size of the revised 2020 budget by N318 billion from N10.276 trillion to N10.523 trillion. The total budget size is N71.5 billion lesser than the original budget of N10.594 trillion and N318 billion higher than the N10.276 […]

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COVID-19: FG reduces 2020 budget by N1.5trn

Ihesiulo Grace 19 March 2020 0

…Suspends recruitment, reviews Social Investment Programmes The Federal Executive Council (FEC) on Wednesday approved reduction in the size of the 2020 budget by about N1.5 trillion, as part of measures to address the impacts of Coronavirus disease on Nigerian economy. The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, made this known when

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Aviation minister updates FEC, says national carrier ready by 2021

Ihesiulo Grace 19 March 2020 0

The Minister of Aviation, Sen. Hadi Sirika, on Wednesday, told the Federal Executive Council (FEC) that efforts at establishing a national carrier would come to fruition by 2021. Sirika, who briefed State House correspondents after the meeting presided over President Muhammadu Buhari on Wednesday at the Presidential Villa, Abuja, said the ministry submitted its scorecard

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VAT on contracts signed earlier than Feb.1 remains 5% – FEC

Ihesiulo Grace 12 March 2020 0

The Federal Executive Council (FEC) has resolved that Value-Added Tax (VAT) on contracts signed earlier than Feb.1 remains 5 per cent. Malam Garba Shehu, Senior Special Assistant, Media and Publicity to the President, briefed State House correspondents after FEC meeting presided over by President Muhammadu Buhari on Wednesday at the Presidential Villa, Abuja. Shehu gave

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Buhari greets Senate President Ahmad Lawan @ 61

Ihesiulo Grace 12 January 2020 0

President Muhammadu Buhari has on behalf the Federal Executive Council and all Nigerians, felicitated with Senate President, Ahmad Lawan on his 61st birthday. The President joins the National Assembly and all members of All Progressives Congress (APC) in celebrating the milestone, which has been lined with many years of contributions to Nigeria’s development, with fruitful

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FEC ratifies bill for domestication of international convention against doping

Ihesiulo Grace 14 November 2019 0

The Federal Executive Council (FEC), on Wednesday, at the Presidential Villa, Abuja approved the draft bill for domestication of the International Convention against doping in sports. Alhaji Lai Mohammed, the Minister of Information and Culture briefed State House correspondents on behalf of the Minister of Youths and Sports Development, Mr. Sunday Dare after the FEC […]

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FEC approves N5.72bn for NDIC projects, 12 consultancy services

Ihesiulo Grace 31 October 2019 0

 The Federal Executive Council(FEC) has approved N5.72 billion for the construction of Nigeria Deposit Insurance Corporation’s (NDIC)  zonal office in Bauchi and for 12 consultancy services for development of NDIC’s offices. Minister of Finance Zainab Ahmed disclosed this while briefing State House correspondents after FEC meeting presided over by Vice President

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FEC approves N2.2bn for FCT infrastructure projects

Ihesiulo Grace 25 February 2018 0

The Federal Executive Council (FEC) has approved requests of the Federal Capital Territory Administration (FCDA) amounting to N2.2 billion for the reconstruction and rehabilitation of the Bill Clinton Airport Drive as well as for the procurement of field materials for the FCT Water Board. Bill Clinton Drive, the spur road directly linking the Nnamdi Azikiwe […]

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Cabinet reshuffle imminent as Buhari promises new ministers

Ihesiulo Grace 1 November 2017 0

…Says he’ll appoint more APC supporters with fresh ideas …As APC Governors endorse President for 2019 Tom Okpe In what can be regarded as anti-climax of much awaited rejig of his cabinet, President Muhammadu Buhari has said that a major shake-up in the Federal Executive Council (FEC) is imminent with a view to inject more […]

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FEC approves policy guidelines for science and technology -Onu

Ihesiulo Grace 16 August 2017 0

The Federal Executive Council (FEC) has approved new and revolutionary policy guidelines for the design and execution of programmes, projects and contracts with science, engineering and technology components. The Minister of Science and Technology, Dr. Ogbonnaya Onu who made this disclosure on Tuesday while inaugurating the First Science and Technology Innovation

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FEC approves N126bn for roads in Enugu, Bauchi, others

Ihesiulo Grace 16 February 2017 0

The Federal Executive Council (FEC) has approved the sum of N126 billion for the reconstruction and rehabilitation of 12 federal roads across the country. Minister of Power, Works and Housing, Babatunde Fashola who disclosed this yesterday while briefing State House Correspondents after the weekly Federal Executive Council meeting presided over by Acting President Yemi

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FEC Approves Draft Policy on Renewable Energy

Ihesiulo Grace 6 May 2015 0

The Federal Executive Council, chaired by President Goodluck Jonathan, has approved the draft of National Policy on Renewable Energy and Energy Efficiency for the nation. Minister of Power, Prof Chinedu Nebo, who briefed State House correspondents after Wednesday’s meeting alongside his Information counterpart, Patricia Akwashiki, said the country had hydro, solar,

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Service Chiefs, Ministers in Aso Rock, Meet with GEJ

Ihesiulo Grace 2 April 2015 0

Members of the Federal Executive Council (FEC), service chiefs and some presidential aides, on Wednesday, thronged the Presidential Villa to pay solidarity visit on President Goodluck Jonathan, after losing out in last Saturday’s presidential poll. It was observed that the weekly meeting of the Federal Executive Council did not hold this week. Also, some female […]