Tag Archives: FEC

President Bola Tinubu’s administration has eliminated two key ministries: the Niger Delta Ministry and the Ministry of Sports Development. This decision was reached during the Federal Executive Council (FEC) meeting held in Abuja on Wednesday, as announced by Bayo Onanuga, the President’s Special Adviser on Information and Strategy, via his X account. The newly established Ministry of Regional Development will …

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In it’s weekly meeting, Nigeria’s Federal Executive Council has deliberated on several crucial matters, resulting in noteworthy decisions that span various sectors. Foremost among the resolutions was the green light given to the Group Life Assurance, a comprehensive coverage plan for federal workers, ministers, para-military personnel, and intelligence officers. This initiative, requiring a budgetary allocation of N9.25 billion, underscores the …

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In response to the tragic explosion that shook parts of Ibadan, Oyo State capital on Tuesday night, the Federal Executive Council (FEC) has taken swift action by establishing an investigative panel to scrutinize the handling of explosives and identify any legal violations. During a meeting chaired by President Bola Tinubu on Wednesday, the Minister of Defence, Abubakar Badaru, informed State …

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The Federal Executive Council (FEC), presided over by President Muhammadu Buhari, has approved the sum of N5.202 billion for the construction of a road in Sokoto State. Minister of State, Power, Works and Housing, Suleiman Hassan, explained that the Council approved the award of contract for the construction of Kagigi, Jaro, Goraye, and Takwaco road in Sokoto State. He briefed journalists …

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 Grants additional N1.097bn for Abuja-Lokoja road The Federal Executive Council (FEC) presided over by Vice-President Yemi Osinbajo, wednesday in Abuja approved whopping N6.07 trillion for a thorough and comprehensive revamp of the health sector. Briefing journalists at the end of the weekly Federal Executive Council (FEC) meeting in the State House, the Minister of Health, Prof. Isaac Adewole, said the …

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The Federal Executive Council has approved the acquisition of 150 million-dollar World Bank credit facility to support polio eradication in Nigeria. Finance Minister Kemi Adeosun made the disclosure while briefing State House correspondents shortly after the FEC meeting, presided over by the Acting President, Prof. Yemi Osinbajo, on Wednesday in Abuja. She said that the additional financing would consolidate previous …

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The Federal Executive Council (FEC) has approved the National Gas Policy with which the federal government plans to turnaround commercial operations and benefits due to Nigeria from her gas resources. The policy, according to a statement from the Ministry of Petroleum Resources wednesday in Abuja, was approved by FEC at its cabinet meeting presided over by Acting President, Yemi Osinbajo, …

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The Federal Executive Council has approved the country’s $500m Eurobond, which was recently endorsed by the National Assembly. The Minister of Finance, Mrs. Kemi Adeosun, disclosed this to State House correspondents at the end of the meeting of the council presided over by President Muhammadu Buhari on Wednesday. She was joined at the press briefing by the Minister of Information …

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FG approves 2017-2019 Fiscal Strategy Framework The Federal Executive Council (FEC) on Wednesday approved a three-year Fiscal Strategy Framework from 2017 to 2019. Identified as the Medium Term Expenditure Framework (MTEF), the process starts the process for the preparation of the 2017 budget. The Minister of Budget and National Planning Senator Udo Udoma, explained  after the Federal Executive Council (FEC) …

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