Acting President Yemi Osinbajo on Wednesday in Abuja ordered the immediate release of N1.6billion for disbursement to victims of flood in 16 states of the federation. Mr Femi Adesina, the Special Adviser to the President on Media and Publicity disclosed this when he briefed State House correspondents after the meeting of the Federal Executive Council […]
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The Federal Executive Council on Wednesday approved the issuance of promissory notes for the settlement of debts owed local contractors worth N740 billion. The Minister of Finance, Mrs Kemi Adeosun, gave the hint while addressing newsmen after the Federal Executive Coucil meeting, adding that debts to GENCOS, DISCOs and state governments stood at N193.69 billion. […]
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Nigeria’s Federal Executive Council chaired by Acting President Yemi Osinbajo has approved a 29-member National Minimum Wage Committee to negotiate with labour unions and work out a new minimum wage. Labour Minister, Dr. Chris Ngige announced this at the end of the meeting in Abuja, and said members will be drawn from the Nigerian Governors’ Forum, Manufacturers […]
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The Federal Executive Council (FEC) on Wednesday approved N54 billion for the reconstruction of Odukpani Itu-Ikot Ekpene road linking Akwa Ibom and Cross River states. The Ministers of Power, Works and Housing, Mr Babatunde Fashola, disclosed this at the end of the FEC meeting held in the Presidential Villa, Abuja. He stated that the road […]
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President Muhammadu Buhari and over 20 ministers are not at the federal executive council (FEC) meeting that held at the council chamber of the presidential villa in Abuja. This is the second time that the president will be absent from the meeting since he returned from a medical vacation in the UK. The first being on […]
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The Federal Executive Council (FEC)has approved a $1.3 billion loan credit facility for the commencement of the Development Bank of Nigeria. The approval came on the heels of a memo submitted by the Finance Minister, Kemi Adeosun seeking council’s ratification on the loan’s request. Adeosun, who briefed State House correspondents on the outcome of FEC […]
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President Muhammadu Buhari has presided over the federal executive council meeting for the first time in seven weeks. President Buhari, Vice President Yemi Osinbajo and SGF Engr Babachir David Lawal during the Federal Executive Council Meeting at the Council Chamber in Abuja. President Buhari (L) at the Federal Executive Council (FEC) meeting on Wednesday – […]
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Nigeria’s Federal Executive Council (FEC) presided over by Acting President Yemi Osinbajo on Wednesday approved the award of 12 road contracts to open up the country. The Minister of Power, Works and Housing, Mr Babatunde Fashola, announced this while briefing State House Press Corps at the end of the meeting. He said the roads would […]
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President Muhammadu Buhari on Wednesday presided over the very first Federal Executive Council (FEC) meeting of the year, and approved N4.6 billion for the purchase of new fire-fighting equipment to contain fire incidents in the country. At the meeting, the council approved the closure of Abuja airport for a period of six weeks, as proposed. Hadi […]
Continue ReadingThe Federal Executive Council (FEC) has approved the 2017 budget proposal for onward submission to National Assembly for final approval. The Minister of Budget and National Planning, Mr Udoma Udu Udoma, revealed at the end of the meeting of the Federal Executive Council in Abuja. He stated that the approved document would soon be presented […]
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