The Federal Executive Council (FEC) has approved 1.07 billion dollars for healthcare sector reforms under the Human Capital Opportunities for Prosperity and Equity (HOPE) programme. The federal government also approved a N4.8 billion allocation for HIV treatment, the minister of finance and coordinating minister of the economy, Wale Edun said while addressing State House correspondents after the Federal Executive Council …

The Federal Executive Council (FEC) has approved significant investments in Nigeria’s power sector, including €161.33 million for the Siemens project and N1.7 billion for the purchase of an office complex for the Nigeria Electricity Liability Management Company (NEMCO). Minister of Power, Adebayo Adelabu, announced the approvals on Monday following the Federal Executive Council (FEC) meeting presided over by President Bola …

The Federal Executive Council (FEC) has renamed the university of Abuja as Yakubu Gowon University. This was disclosed by the Minister of Information and National Orientation, Muhammed Idris, after the FEC meeting preceded over by President Bola Tinubu. Addressing State House Correspondents, the Minister said the move was aimed at honouring the former Head of state and elder Statesman, Yakubu …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has sought a reduction in the price of petrol across the country. The group urged the Dangote refinery to consider reducing its ex-depot price from N970 per litre since the estimated cost of landing petrol on Nigeria’s shores has dropped to N900.28 per litre. President Bola Tinubu had during a Federal Executive …

The Federal Executive Council (FEC), on Thursday, approved a proposed national budget of N47.9 trillion for the 2025 fiscal year. Minister of Budget and Economic Planning, Senator Atiku Bagudu, disclosed this while briefing State House journalists after the FEC meeting presided over by President Bola Tinubu on Thursday. This was part of the Medium Term Expenditures Framework (MTEF) for 2025 …

President Bola Tinubu has ordered rescheduling the Federal Executive Council meeting till another date to be announced. Initially scheduled for today, the council meeting was postponed in honour of the Chief of Army Staff, Lt. General Taoreed Lagbaja, who passed away on Tuesday night. General Lagbaja served as the Chief of Army Staff from 19 June 2023, till his death …

Chairman of Dangote Group, Aliko Dangote, said yesterday the price of petrol from his refinery would be determined by the Federal Executive Council (FEC). Dangote, who disclosed this at a briefing in Lagos, said: “On pricing, it is an arrangement which is designed and approved by the Federal Executive Council, led by His President Bola Ahmed Tinubu. “As soon as …

The Federal Executive Council on Wednesday 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 told State House Correspondents after the Council meeting on Wednesday. Idris said the projects were inherited from past administrations from at least 13 …

The Federal Executive Council (FEC) has stepped down from consideration and deliberation on the memo on the new minimum wage to allow President Bola Tinubu engage in more consultation with stakeholders, according to the Minister of Information and National Orientation, Alhaji Mohammed Idris. While briefing State House correspondents on the outcome of the council meeting at the State House, Abuja …

Minister of Communication, Innovation and Digital Economy, Bosun Tijani, has disclosed that the Federal Executive Council (FEC) has approved two critical projects for the digital economy and technology startup ecosystem. Speaking to State House correspondents after the two-day council meeting on Tuesday, he said the first project has to do with the setting up of a special purpose vehicle (SPV), …