• FEC approves N464m for purchase of 67 vehicles for FRSC

    FEC approves N464m for purchase of 67 vehicles for FRSC

    According to reports, the Federal Executive Council (FEC) on Wednesday in Abuja approved 464 million naira for the purchase of 67 vehicles for the Federal Road Safety Commission (FRSC).

    The purchase of the vehicles is with a view to strengthen the commission’s capacity to carry out its responsibilities efficiently.

    The Minister of Labour and Employment, Dr Chris Ngige, made this known when he briefed State House correspondents after the meeting, which was presided over by Vice President Yemi Osinbajo.

    “The Federal Executive Council […]

  • FEC approves bilateral tax agreement between Nigeria and Singapore

    FEC approves bilateral tax agreement between Nigeria and Singapore

    It was gathered that the Federal Executive Council (FEC) on Wednesday approved a bilateral agreement for the avoidance of double taxation in business deals between Nigeria and Singapore.

    ‎The approval, ratified at the 22nd meeting of FEC, presided over by Vice President Yemi Osinbajo, would also prevent tax evasion on income and capital benefits between Nigeria and Singapore.

    The Minister of Finance, Mrs Kemi Adeosun, told State House correspondents that the objective of the agreement was to facilitate more trade between Nigeria […]

  • FEC approves purchase of 38 patrol vehicles for mines inspectorate

    FEC approves purchase of 38 patrol vehicles for mines inspectorate

    According to reports, the Federal Executive Council (FEC) on Wednesday approved the purchase of 38 patrol vehicles for Mines Inspectorates across the country at a total cost of N327 million.

    The Minister of Mines and Steel Development, Kayode Fayemi, briefed State House correspondents at the end of the meeting.

    According to him, each of the 36 states of the Federation and the Federal Capital Territory (FCT) will get one of the Nissan four-wheel patrol vehicle, while additional one will be given to […]

  • FEC approves abandoned wind power project, others

    FEC approves abandoned wind power project, others

    It was gathered that the Federal Government has approved a contract for the completion of the 10 megawatts wind power project abandoned in Katsina State since 2012.

    The completion is said to be in line with the government’s effort to introduce renewable energy in the Nigeria.

    The Minister of Power, Works and Housing, Babatunde Fashola, gave the hint on Wednesday after a meeting of the Federal Executive Council (FEC) in Abuja, the Federal Capital Territory.

    He told journalists, that the government also approved […]

  • FEC approves 320 vehicles worth N3.5bn for prisons

    FEC approves 320 vehicles worth N3.5bn for prisons

    It was gathered that the Federal Executive Council (FEC) has approved N3.5 billion for the purchase of 320 operational vehicles to promptly convey inmates to courts as part of measures to decongest prisons in the country.

    Minister of Interior, Gen. Abdulrahman Danbazau (retd), who disclosed this to State House correspondents at the end of the meeting, said the population of prisoners is 65,000 out of which 70 per cent is awaiting trial due to lack of utility vehicles to convey inmates […]

  • FEC approves procurement of three 150 MVA‎ transformers for Shiroro, ‎Oshogbo, Ondo station

    FEC approves procurement of three 150 MVA‎ transformers for Shiroro, ‎Oshogbo, Ondo station

    According to reports, the Minister of Power, Works and Housing, Mr. Fasola also stated that FEC approved the procurement of three transformers of 150 MVA‎ to be installed in sub-stations in Shiroro, ‎Oshogbo and Ondo. According to him, the purpose was to expand the transmission capacity of electricity around the country.

    “As you know the Transmission Company of Nigeria‎ is the manager of the transition system which is the transporter of electricity, in that it provides service to the generation company […]

  • FEC, not governors will decide on sale of assets – FG

    FEC, not governors will decide on sale of assets – FG

    It was gathered that the Federal Executive Council and not State Governors will take the final decision on the controversial proposal to sell some of the nation’s assets to battle the current economic recession.

    This was disclosed by the Minister of Information and Culture, Alhaji Lai Mohammed, on Wednesday after the weekly FEC meeting.

    Mohammed said this clarification became necessary following the outcry that greeted the proposal by the National Economic Council for the sale of the country’s national assets.

    While the NEC […]

  • FEC okays N3.23b contracts for U.I., UNILAG

    FEC okays N3.23b contracts for U.I., UNILAG

    The Federal Executive Council (FEC) meeting yesterday approved contracts for the University of Ibadan (U.I.) and the University of Lagos (UNILAG).

    FEC approved the construction of a postgraduate hall, International House, for U.I., at a cost of N1.302,709,02.34, to be completed in 44 weeks.

    The contract approved for UNILAG is for a new library,  at the cost of N1.935,135,87.35 billion.

    The Minister of Education, Adamu Adamu, who briefed State House correspondents at the end of the FEC meeting, said the UNILAG library, which […]

  • FEC approves fiscal strategy plan for 2017 to 2019

    FEC approves fiscal strategy plan for 2017 to 2019

    The Federal Executive Council (FEC) on Wednesday in Abuja approved the Medium Term Expenditure Framework (MTEF) and Fiscal Strategic Paper (FSP) for 2017 to 2019.

    The Minister of Budget and National Planning, Mr Udoma Udo-Udoma, made this known while briefing State House correspondents after the Federal Executive Council (FEC) meeting which was presided over by President Muhammadu Buhari. He revealed that there was extensive consultation with stakeholders, including state governors and Non-Governmental Organisations (NGOs) before the document was presented to FEC […]

  • Ministry drags 28 states to FEC for sanction over N64.8bn UBE funds

    Ministry drags 28 states to FEC for sanction over N64.8bn UBE funds

    The Federal Ministry of Education has reported 28 states which did not access the N64.8billion UBE funds in the country to the Federal Executive Council (FEC) for possible sanction.

    This was because of the states’ inability to access the Universal Basic Education (UBE) fund.

    UBE Executive Secretary, Dr. Hameed Bobboyi, stated this wednesday evening in Abuja, during a meeting with th state chairmen of State Universal Basic Education Board (SUBEB).

    It was gathered that only nine out of the 36 states and the […]

  • Not Again!!! FEC detects Budget padding by N’Assembly

    Not Again!!! FEC detects Budget padding by N’Assembly

    It was reported that only one Minister did not have problems with the budget when it was discussed at the emergency Federal Executive meeting presided by VP, Prof Yemi Osinbajo. Due to this, the crisis between President Muhammadu Buhari and the National Assembly over the 2016 budget has worsened as the executive has discovered fresh padding of the fiscal document by the lawmakers.

    It was learnt that the lawmakers reduced amounts allocated to some major projects and inserted what was not […]