FEC

FEC approves N1.9trn to NNPCL to construct 44 roads, allocates N215.3bn in S’South, S’East roads

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…. FEC okays 2023 budget proposal The Federal Executive Council (FEC), presided over by Vice President Yemi Osinbajo, yesterday, approved the proposal for the Nigerian National Petroleum Corporation Limited (NNPCL) to invest N1.9 trillion in the reconstruction of 44 federal roads under the tax credit policy. Of this amount, N215.3 billion would be spent on … [Read more…]

FEC approves N65.39bn to execute power projects in Nigeria

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  The Federal Executive Council meeting has approved N65.39bn in foreign and local denominations to execute power projects in the country.   The Minister of Power, Abubakar Aliyu, disclosed this to State House Correspondents on Thursday at the end of an extraordinary meeting of FEC presided over by Vice President Yemi Osinbajo at the Presidential … [Read more…]