The Federal Executive Council on Wednesday, approved $3.02bn for the rehabilitation and reconstruction of the Port Harcourt-Maiduguri Eastern Narrow Gauge railway. A separate $703.1m was also approved for the construction…
President Muhammadu Buhari is currently presiding over the 18th virtual meeting of the Federal Executive Council (FEC) at the Council Chambers of the State House, Abuja. The Ministries of Interior,…
The Federal Executive Council (FEC) on Wednesday approved a proposed budget of N13.08trn Capital Expenditure for the 2021 budget proposal has been set at N2.083trn. The Minister for Finance, Budget…
The Federal Executive Council (FEC) has approved N722.3m as fees for eight field forensic auditors reviewing projects handled by the Niger Delta Development Commission. The auditors will audit 12,000 projects,…
The Federal Executive Council on Wednesday approved a total of N8.6bn for the funding of the electricity deal with German power firm, Siemens AG. President Muhammadu Buhari presided over the…
The Federal Executive Council on Wednesday reviewed the $18.12million port scanner installation projects to incorporate Value Added Tax. The initial approval, which was done in 2018, did not include VAT,…
The Federal Executive Council (FEC) has approved a Youth Investment Fund in the value of N75bn. The FEC gave the approval at Wednesday’s 8th virtual session presided over by President…
The Federal Government has projected N12.6trn as the country’s budget for 2021. It came as the Federal Executive Council (FEC) on Wednesday approved the 2021-2023 Medium Term Expenditure Framework at…
The Federal Government on Wednesday approved N2.3trn stimulus plan for the country to address COVID -19 economic challenges. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, spoke…
The Federal Government has begun plans to construct a second runway at the Nnamdi Azikiwe International Airport, Abuja. The Federal Executive Council (FEC) which met on Wednesday approved N1.6bn consultancy…