Tinubu Orders Fresh Assessment as FEC Steps Down Old Projects The Federal Executive Council has stepped down memoranda for some major projects requiring additional funding. Most of the projects concerned are under the Federal Ministry of Works, the Minister of Information and National Orientation, Mohammed Idris...

FEC Approves N1.9bn for 33 CNG Vehicles, $1.442m Worth Arms, Ammunition for NDLEA The Federal Executive Council (FEC) has approved $1.442 million for the procurement of arms, ammunition and equipment for the National Drug Law Enforcement Agency (NDLEA) to boost its anti-narcotics operations. The Attorney-General of...

FG to Implement Oronsaye Report on Merger, Scrapping of Key Agencies   The Federal Executive Council has resolved to fully implement the recommendations of a committee chaired by former Head of Service, Steven Oronsaye, which called for the merger and scrapping of some federal government agencies and...

FG Approves AfDB’s $1bn Loan The Federal Executive Council (FEC) has approved a concessional budget support financing of $1 billion from the African Development Bank (AfDB). Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced this on Monday after the federal cabinet meeting...

2024 Budget: FEC Approves N27.5trn Appropriation Bill The Federal Executive Council (FEC) has approved the 2024 Appropriation Bill with aggregate expenditure of N27.5 trillion. The Minister of Budget and Economic Planning, Alhaji Atiku Bagudu, announced this on Monday after the Federal Executive Council meeting presided over...

Supplementary Budget: Tinubu to Spend N28bn on State House Facilities, Vehicles   President Bola Ahmed Tinubu has made budget proposal of 28 billion to be spent on facilities and vehicles in the Presidential Villa. The Federal Executive Council (FEC) had on Monday approved a supplementary budget of...