FEC Archives — City Business News

November 15, 2024 No Responses

FEC Approves ₦47.9tn 2025 Budget

The Federal Executive Council has approved a proposed national budget of ₦47.9 trillion for the 2025 fiscal year. The Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this on Thursday while briefing State House correspondents after the FEC m...

February 27, 2024 No Responses

FEC Approves Implementation Of Oronsaye Report

The Federal Executive Council (FEC) has approved the full implementation of the Stephen Oronsaye Panel report to merge some parastatals, agencies, and some commissions, while others will be subsumed, scrapped or relocated. The decision was made at the FEC meet...

October 31, 2023 No Responses

FEC Approves N2.1tri Supplementary Budget For 2023

The Federal Executive Council (FEC) has approved the supplementary budget of over N2 trillion for the year 2023, the second this year. The council granted the approval on Monday during its weekly meeting presided over by President Bola Tinubu. This...

April 6, 2023 No Responses

FEC Approves N15.3b To Install ICT Components For 2023 Census

The Federal Executive Council (FEC) on Wednesday approved two contracts worth N15.3 billion for the supply an installation of information and communication technology (ICT) components and digital assistance devices for the 2023 population census. Senior Specia...

April 6, 2023 No Responses

NPA Secures N1b Approval For 19 Vehicles

The Federal Executive Council (FEC) has approved N1billion contract for the procurement of 19 vehicles for the Nigerian Ports Authority (NPA). Senior Special Assistant to the President on Media and Publicity, Garba Shehu made the disclosure after the Council m...

April 4, 2023 No Responses

Auto Policy: Ministry To Seek FEC’s Approval

The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo disclosed on Monday that the ministry will soon submit a new auto policy for the approval of the Federal Executive Council (FEC). The minister said this when the Senior Executive...

February 16, 2023 No Responses

FEC Approves $53.1m For Electricity Conductors

The Federal Executive Council (FEC) has approved $53.1 million and N2.1billion as local component for the procurement and installation of electricity conductors to boost power supply across the country. Minister of Power, Abubakar Aliyu, made this known...

February 9, 2023 No Responses

FEC Approves N117b For Oil Museum

The Federal Executive Council (FEC) has approved N117 billion for the construction of Oloibiri oil museum in Bayelsa. The Minister of State for Petroleum resources, Mr Timipre Sylva, made this known when he briefed State House correspondents on the outco...

January 26, 2023 No Responses

FEC Approves N1.6b Augmentation For Benue Road

The Federal Executive Council (FEC) has approved an additional N1.6 billion being augmentation sum for Manyam-Ushongo-Lessel-Kartyo-Oju-Agila road project in Benue State. The Minister of Information and Culture, Lai Mohammed, disclosed this to State Hous...

January 19, 2023 No Responses

FEC Approves N1.4b For 26 Toyota Hilux, Hiace, Others

The Federal Executive Council (FEC) has approved the sum of N1.4 billion for the procurement of vehicles for the hydro-carbon pollution remediation project in Ogoniland, Rivers State. Minister of Environment, Mohammed Abdullahi, disclosed this while brie...

September 29, 2022 No Responses

FEC Approves N27b For Road Project Linking Ondo, Edo States

The Federal Executive Council (FEC) has approved N27 billion for the rehabilitation of a 27km road linking Ondo and Edo States. Minister of Information and Culture, Alhaji Lai Mohammed revealed this to State House correspondents at the end of the...

September 8, 2022 No Responses

FEC Approves Nigeria-Kuwait Bilateral Air Deal

The Federal Executive Council (FEC) has approved the signing of a Bilateral Air Services Agreement between Nigeria and Kuwait. Minister of Aviation, Hadi Sirika, disclosed this on Wednesday while briefing State House Correspondents after FEC meeting pres...

August 25, 2022 No Responses

FEC Approves N43.6b For Road Projects In Northeast

The Federal Executive Council (FEC) has approved N43.6 billion for the construction and reconstruction of roads in Borno, Yobe, Adamawa, Gombe and Bauchi States. Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq...