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FEDERAL EXECUTIVE COUNCIL
Following the memorandum sent by the Ministry of Works and Housing to the Federal Executive Council, the Federal Government (FG) has approved the sum of N166 billion for the construction and rehabilitation of 14 roads across Nigeria.
The Nigeria Employers’ Consultative Association (NECA) has said the implementation of the 7.2% Value Added Tax approved by the Federal Executive Council would make nonsense of the recent increase in the minimum wage.
FEC approved a 44% increase in Value Added Tax (VAT) from 5.0% to 7.2%, Mrs Zainab Ahmed, disclosed that the application of the new rate.