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FEC

News and analysis about FEC

The Federal Executive Council (FEC) has approved a loan of approximately $618 million from a consortium of financiers to acquire six Italian-made M-346 attack jets and ammunition for the Nigerian Air Force.  
The Infrastructure Concession Regulatory Commission (ICRC) has announced plans to finalize all Public Private Partnership (PPP) projects that have not progressed for over a year since receiving Federal Executive Council (FEC) approval. 
The Federal Executive Council (FEC) has approved the award of a contract worth $117.83 million and N28.43 billion...
China Civil Engineering Construction Corporation (CCECC) has been awarded a six-month, N42 billion contract to repair the Third Mainland Bridge’s damaged loops and ramps, along with rehabilitating the Adeniji-Falomo Roads.  
The Federal Executive Council (FEC) has approved the recommendations of the Presidential Committee on Fiscal Policy and Tax Reforms in the economic stabilisation plan of the federal government.   
Zach Adedeji, announced that the federal government will reduce monthly spending on petrol imports by a staggering $610 million by transacting with the Dangote refinery and other local refineries in naira. 
President Bola Tinubu has signed the new N70,000 national minimum wage into law.  
The Federal Executive Council (FEC) has approved a $21 million contract for the metering of 187 crude oil flow stations in the Niger Delta region.  
The federal executive council (FEC) has announced the approval of 2,000 tractors, 4,000 disc plough, 1,200 tractor trailers among other equipment under the National Agricultural Mechanization Programme (NAMP) to promote food security in Nigeria.  
The Federal Government says the project targeted at deploying automated management solutions across Nigerian borders is now 60% ready.  
The Federal Government has announced the commencement of construction on section three of the Lagos-Calabar coastal highway, starting from Calabar in Cross Rivers State, and section four from Akwa Ibom, pending the completion of the procurement process.  
Planet Projects Nigeria Limited, the firm behind the design and construction of the Oshodi Transport Interchange in Lagos State, has secured N51 billion contract to build bus terminals and other transport facilities in Abuja, the capital city.