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FEC

News and analysis about FEC

The Federal Executive Council (FEC) has approved two procurement contracts for Port-Harcourt Intl Airport and the Murtala Muhammed International Airport, Lagos.  
The Federal Executive Council (FEC) has decided to exclude universities, polytechnics, colleges of education, and other tertiary institutions from the Integrated Personnel Payroll Information System (IPPIS) payment platform. 
The Minister of Finance and the Coordinating Minister of the Economy, Wale Edun has revealed that the Federal Executive Council (FEC) has approved a concessional budget support finance of the sum of $1b from the African Development Bank ( AFDB).  
The Federal Executive Council has granted approval of N5.5 billion to fund the construction of access roads serving communities along the Abuja light rail project. 
The Federal Executive Council (FEC) has approved the supplementary budget of N2.1 trillion for the year 2023, the second this year.
The Federal Executive Council has approved a 3.45 billion loan application to finance the power and renewable energy sector, as well as to expand the AGILE project.
FEC on Monday endorsed the formation of a $5 billion annual trust fund dedicated to humanitarian and poverty alleviation initiatives.
The Federal Executive Council (FEC) has proposed a budget expenditure over N26.01tn for 2024 fiscal year from the total expenditure of N21.83tn for the 2023 fiscal year.
The Federal Government has granted approval to the Ogun State Government to fix and toll the Lagos-Abeokuta Expressway.
The Federal Executive Council (FEC) has given its nod to the establishment of the Presidential Council on Industrial Revitalization Roadmap, which will be chaired by President Bola Tinubu and comprise ten subcommittees. 
The Federal Executive Council (FEC) has officially approved a 30-day strategy to put into action the Memorandum of Understanding (MoU) between the federal government National Labour Congress (NLC) as well and the Trade Union Commission (TUC). 
Nigerians have taken to X app (Twitter) to criticize Minister of Finance, Wale Edun saying he should stop blaming past governments on the state of the economy.