Trending News: NNPC PORTAL SHUTDOWN, DELAYS PETROL SUPPLY – MARKETERSWHY THE NORTH OPPOSES TOTAL RESTRUCTURING OF NIGERIAHOUSE OF REPS REJECTS CFR HONOUR AWARD ON SPEAKER, DEMANDS GCON, SAYS WE’RE NOT INFERIOR TO SENATORSENUGU COUNCIL BOSS BANS ILLEGAL REVENUE COLLECTIONS, EXTORTION OF MOTORISTSNIGERIANS RECEIVED THE MOST US GREEN CARDS IN AFRICA IN 2023MY SHOP WAS FULL BUT NOW EMPTY UNDER TINUBU’S BAD GOVT – LAGOS WOMAN FUMESINDEPENDENCE ANNIVERSARY SPEECH CONFIRMS TINUBU’S INSENSITIVITY – PDPWHY WE DEPLOYED OUR MEN AT RIVERS STATE ELECTORAL COMMISSION OFFICE – POLICENIGERIA NEEDS INDEPENDENCE FROM STATE CAPTURE – PETER OBIFORMER US PRESIDENT, JIMMY CARTER, CLOCKS 100 YEARS TODAY, SHARES BIRTHDAY WITH NIGERIAI DIDN’T STEAL FROM KADUNA TREASURY, I’M READY TO SWEAR BY QURAN – EL RUFAIIT’S TIME TO COLLAPSE WIKE’S STRUCTURE IN RIVERS – FUBARAWE MUST REFORM OR COLLAPSE – TINUBU ON NIGERIAN 64TH INDEPENDENCE ANNIVERSARYPRESIDENT TINUBU ANNOUNCES 30-DAY NATIONAL YOUTH CONFERENCEWE’RE HUNGRY, ENOUGH IS ENOUGH: NIGERIANS CHANTED AS THEY BEGIN PROTEST IN ABUJAATIKU SEEKS CONSTITUTIONAL AMENDMENT FOR SIX-YEAR SINGLE TERM PRESIDENCYAGAIN, JOE IGBOKWE, TINUBU SUPPORTER CRIES: ‘WHY IS OUR NAIRA WEAK?’I WASN’T SUSPENDED OVER BOBRISKY – PRISON OFFICIAL … HE WAS SUSPENDED – CONTROLLER-GENERALREDUCE PUMP PRICE OF FUEL NOW – PDP TELLS TINUBUFUBARA REACTS TO WIKE’S BOASTFULNESS, SAYS ONLY EMPTY CONTAINER MAKES A NOISEMINIMUM WAGE: 17 GOVERNORS SET UP COMMITTEES FOR IMPLEMENTATIONIPOB BANS INDEPENDENCE ANNIVERSARY CELEBRATION ACTIVITIES IN SOUTH EAST ON OCTOBER 1CONFUSION IN RIVERS OVER OCTOBER 5 LOCAL GOVT ELECTIONENUGU GOV, PETER MBAH, SWEARS IN NEWLY ELECTED LG CHAIRMENPOLICE MOBILIZE AGAINST PLANNED OCTOBER 1 PROTESTS, DEPLOY OPERATIVES ACROSS ABUJAPDP GOVERNORS ASSOCIATING WITH WIKE ARE TRAITORS – ATIKU’S AIDENO GOING BACK ON OCTOBER 1 PROTESTS – ORGARNIZERSHIGH COST OF TRANSPORTATION: NIGERIAN WORKERS RESIGNING FROM JOBSBREAKING: COURT STOPS INEC FROM ISSUING VOTERS’ REGISTER FOR RIVERS LG POLLAPC, NOW WEAPON OF POVERTY, CHIEFTAIN LAMENTS, DUMPS PARTYCONSTITUTION REVIEW: NORTHERN, SOUTHERN SENATORS DISAGREE ON REGIONALISMCORRUPTION, MAJOR CHALLENGE IN NIGERIA – SENATOR ALI NDUMEPH REFINERY DEFIES DEADLINE, EXPERTS ARRIVE FROM ITALYENUGU GOVT SEALS ILLEGAL, SUBSTANDARD SCHOOLSPOLICE SEAL EDO DEPUTY GOVERNOR’S OFFICEHOW NIGERIA WAS DESTROYED BY BUHARI & CO, TINUBU & COMAN WHO OFFERED TINUBU N100M TO PURCHASE NOMINATION FORM GETS TWO FEDERAL APPOINTMENTSAPGA WINS 21 CHAIRMANSHIP, COUNCILORSHIP SEATS IN ANAMBRANIGERIA @ 64: ENUGU GOVERNOR, PETER MBAH, CALLS FOR INCLUSIVE NATIONAL ECONOMIC DEVELOPMENTNOBODY CAN STOP OCTOBER 1 PROTESTS – INIBEHE EFFIONGI CAN’T DONATE MY KIDNEY OR LIVER BECAUSE OF LOYALTY – FUBARAEX-PRESIDENT JONATHAN FLUSHED OUT BOKO HARAM – SENATOR NDUMEWHY I’M SEEN AS ANTI-IGBO – JOE IGBOKWETWO DAMS IN PLATEAU, ENUGU NEARING COMPLETION – MINISTERDON’T SET FIRE ON OYO STATE – MAKINDE BEGS WIKE AS FCT MINISTER BATTLES PDP GOVERNORSLION MAULS HANDLER TO DEATH AT OBASANJO ZOOIRAN TRANSFERS SUPREME LEADER, AYATOLLAH, TO SECURE LOCATION FOLLOWING ISRAELI THREATSEDO GOVT RAISES ALARM OVER PLANNED INVASION OF GOVT HOUSE BY DEPUTY GOV, PHILIP SHAIBUSENATORS CLASH OVER REGIONAL GOVT PROPOSALWE’LL TEACH YOU A LESSON – WIKE MOCKS FUBARA CAMP FOR SEEKING REFUGE IN APPRESULTS FROM INEC’S IREV SHOW PDP WON EDO GOVERNORSHIP ELECTIONENUGU GOVT EMBARKS ON CONSTRUCTION OF CNG MOTHER STATIONNIGERIA MUST REMAIN GIANT OF AFRICA – TINUBU TELLS ARMED FORCES60% OF NIGERIANS LIVE IN POVERTY – PETER OBIIS NIGERIA A NORMAL COUNTRY, A ZOO, OR A JUNGLE?, BY SESUGH AKUMEWE’RE SORRY, FUBARA’S KINSMEN APOLOGIZES TO WIKE. 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Thu. Oct 3rd, 2024
Trending News: NNPC PORTAL SHUTDOWN, DELAYS PETROL SUPPLY – MARKETERSWHY THE NORTH OPPOSES TOTAL RESTRUCTURING OF NIGERIAHOUSE OF REPS REJECTS CFR HONOUR AWARD ON SPEAKER, DEMANDS GCON, SAYS WE’RE NOT INFERIOR TO SENATORSENUGU COUNCIL BOSS BANS ILLEGAL REVENUE COLLECTIONS, EXTORTION OF MOTORISTSNIGERIANS RECEIVED THE MOST US GREEN CARDS IN AFRICA IN 2023MY SHOP WAS FULL BUT NOW EMPTY UNDER TINUBU’S BAD GOVT – LAGOS WOMAN FUMESINDEPENDENCE ANNIVERSARY SPEECH CONFIRMS TINUBU’S INSENSITIVITY – PDPWHY WE DEPLOYED OUR MEN AT RIVERS STATE ELECTORAL COMMISSION OFFICE – POLICENIGERIA NEEDS INDEPENDENCE FROM STATE CAPTURE – PETER OBIFORMER US PRESIDENT, JIMMY CARTER, CLOCKS 100 YEARS TODAY, SHARES BIRTHDAY WITH NIGERIAI DIDN’T STEAL FROM KADUNA TREASURY, I’M READY TO SWEAR BY QURAN – EL RUFAIIT’S TIME TO COLLAPSE WIKE’S STRUCTURE IN RIVERS – FUBARAWE MUST REFORM OR COLLAPSE – TINUBU ON NIGERIAN 64TH INDEPENDENCE ANNIVERSARYPRESIDENT TINUBU ANNOUNCES 30-DAY NATIONAL YOUTH CONFERENCEWE’RE HUNGRY, ENOUGH IS ENOUGH: NIGERIANS CHANTED AS THEY BEGIN PROTEST IN ABUJAATIKU SEEKS CONSTITUTIONAL AMENDMENT FOR SIX-YEAR SINGLE TERM PRESIDENCYAGAIN, JOE IGBOKWE, TINUBU SUPPORTER CRIES: ‘WHY IS OUR NAIRA WEAK?’I WASN’T SUSPENDED OVER BOBRISKY – PRISON OFFICIAL … HE WAS SUSPENDED – CONTROLLER-GENERALREDUCE PUMP PRICE OF FUEL NOW – PDP TELLS TINUBUFUBARA REACTS TO WIKE’S BOASTFULNESS, SAYS ONLY EMPTY CONTAINER MAKES A NOISEMINIMUM WAGE: 17 GOVERNORS SET UP COMMITTEES FOR IMPLEMENTATIONIPOB BANS INDEPENDENCE ANNIVERSARY CELEBRATION ACTIVITIES IN SOUTH EAST ON OCTOBER 1CONFUSION IN RIVERS OVER OCTOBER 5 LOCAL GOVT ELECTIONENUGU GOV, PETER MBAH, SWEARS IN NEWLY ELECTED LG CHAIRMENPOLICE MOBILIZE AGAINST PLANNED OCTOBER 1 PROTESTS, DEPLOY OPERATIVES ACROSS ABUJAPDP GOVERNORS ASSOCIATING WITH WIKE ARE TRAITORS – ATIKU’S AIDENO GOING BACK ON OCTOBER 1 PROTESTS – ORGARNIZERSHIGH COST OF TRANSPORTATION: NIGERIAN WORKERS RESIGNING FROM JOBSBREAKING: COURT STOPS INEC FROM ISSUING VOTERS’ REGISTER FOR RIVERS LG POLLAPC, NOW WEAPON OF POVERTY, CHIEFTAIN LAMENTS, DUMPS PARTYCONSTITUTION REVIEW: NORTHERN, SOUTHERN SENATORS DISAGREE ON REGIONALISMCORRUPTION, MAJOR CHALLENGE IN NIGERIA – SENATOR ALI NDUMEPH REFINERY DEFIES DEADLINE, EXPERTS ARRIVE FROM ITALYENUGU GOVT SEALS ILLEGAL, SUBSTANDARD SCHOOLSPOLICE SEAL EDO DEPUTY GOVERNOR’S OFFICEHOW NIGERIA WAS DESTROYED BY BUHARI & CO, TINUBU & COMAN WHO OFFERED TINUBU N100M TO PURCHASE NOMINATION FORM GETS TWO FEDERAL APPOINTMENTSAPGA WINS 21 CHAIRMANSHIP, COUNCILORSHIP SEATS IN ANAMBRANIGERIA @ 64: ENUGU GOVERNOR, PETER MBAH, CALLS FOR INCLUSIVE NATIONAL ECONOMIC DEVELOPMENTNOBODY CAN STOP OCTOBER 1 PROTESTS – INIBEHE EFFIONGI CAN’T DONATE MY KIDNEY OR LIVER BECAUSE OF LOYALTY – FUBARAEX-PRESIDENT JONATHAN FLUSHED OUT BOKO HARAM – SENATOR NDUMEWHY I’M SEEN AS ANTI-IGBO – JOE IGBOKWETWO DAMS IN PLATEAU, ENUGU NEARING COMPLETION – MINISTERDON’T SET FIRE ON OYO STATE – MAKINDE BEGS WIKE AS FCT MINISTER BATTLES PDP GOVERNORSLION MAULS HANDLER TO DEATH AT OBASANJO ZOOIRAN TRANSFERS SUPREME LEADER, AYATOLLAH, TO SECURE LOCATION FOLLOWING ISRAELI THREATSEDO GOVT RAISES ALARM OVER PLANNED INVASION OF GOVT HOUSE BY DEPUTY GOV, PHILIP SHAIBUSENATORS CLASH OVER REGIONAL GOVT PROPOSALWE’LL TEACH YOU A LESSON – WIKE MOCKS FUBARA CAMP FOR SEEKING REFUGE IN APPRESULTS FROM INEC’S IREV SHOW PDP WON EDO GOVERNORSHIP ELECTIONENUGU GOVT EMBARKS ON CONSTRUCTION OF CNG MOTHER STATIONNIGERIA MUST REMAIN GIANT OF AFRICA – TINUBU TELLS ARMED FORCES60% OF NIGERIANS LIVE IN POVERTY – PETER OBIIS NIGERIA A NORMAL COUNTRY, A ZOO, OR A JUNGLE?, BY SESUGH AKUMEWE’RE SORRY, FUBARA’S KINSMEN APOLOGIZES TO WIKE. IT’S NOT IN OUR NATURE TO PAY EVIL FOR GOODI’M BIGGER THAN ALL OF YOU PUT TOGETHER – WIKE TELLS PDP GOVS BACKING FUBARAI REPORTED MY RAPE CASE TO SUPERIOR OFFICERS BUT THEY DISREGARD IT DUE ACCUSED PERSON’S RANK – DISCHARGED FEMALE SOLDIERNAIRA DEPRECIATES TO N1,700/$ AT PARALLEL MARKET – LOWEST IN SEVEN MONTHSNEW COVID-19 VARIANT EMERGES IN EUROPE, USPRESIDENCY MOVES TO STOP OCTOBER 1 PROTESTTHERE’S NO PLACE IN IRAN THAT WE CANNOT REACH – ISRAELI PRIME MINISTER, NETANYAHUSTOP BLOCKING ROADS DURING PRAYER SESSIONS – APPEAL COURT PRESIDENT TELLS MUSLIMS, CHRISTIANSPASTOR DIES IN ABUJA WHILE FASTING, PRAYINGWHY BOBRISKY WAS SEPARATED FROM OTHER INMATES – PRISON EXPERTSTHOSE WHO WILL RESCUE NIGERIA NOT YET BORN, JOE IGBOKWE, TINUBU SUPPORTER, MAKES U-TURNEFCC DETAINS, CHARGES FORMER TARABA GOVERNOR, ISHAKU, OVER ALLEGED N27BN FRAUDSPONSORSHIP OF BANDITRY ALLEGATION: MINISTER VS GOVERNOR: DHQS OPENS UP INVESTIGATIONPH REFINERY SETS OCTOBER 2 AS ANOTHER DATE TO COMMENCE OPERATIONENUGU RANKS LOWEST IN EASE OF DOING BUSINESSENUGU GOVT VOWS TO GO TOUGH AGAINST SEX-FOR-GRADE OFFENDERSSET BACK FOR ATIKU AS ADAMAWA PDP BACKS DAMANGUNBOBRISKY WAS GUARDED LIKE PRESIDENT IN KIRIKIRI PRISON, SPENT ONLY THREE WEEKS OUT OF SIX MONTHS JAIL SENTENCEAKWA IBOM FIRST LADY, PATIENCE UMO, IS DEADPRESIDENCY USED N9.2B TO PURCHASE VEHICLES AMID HARDSHIPNNPC STRUGGLING TO SUPPLY CRUDE TO DANGOTE BECAUSE BUHARI USED REFINERY AS LOAN COLLATERAL – PENGASSANYOU SACKED ME AS CBN GOVERNOR – EMIR SANUSI TELLS EX-PRESIDENT JONATHANPRISON OFFICIALS SUSPENDED OVER BRIBERY ALLEGATION INVOLVING BOBRISKY50M ALMAJIRI, OUT-OF-SCHOOL CHILDREN ROAMING THE STREETS – FGENUGU GOVT SUMMONS NSUKKA TRADITIONAL RULERS, PGS OVER BRUTAL ORIOKPA MASQUERADESAPPOINT YAHAYA BELLO MINISTER OF FINANCE – MAHDI SHEHU ON TINUBU’S PROPOSED CABINET RESHUFFLEPRO-DEMOCRACY OPPOSITIONS ASK NIGERIANS TO JOIN OCTOBER PROTESTSSGF AKUME LISTS TINUBU’S ACHIEVEMENTS AHEAD OF INDEPENDENCE ANNIVERSARY CELEBRATIONNIGERIA @64: TINUBU ORDERS LOW KEY INDEPENDENCE ANNIVERSARY CELEBRATIONCOURT SENTENCES FIVE OFFA BANK ROBBERS TO DEATHNIGERIA DID NOT LOSE $49.8B UNDER MY ADMINISTRATION – GOODLUCK JONATHANFEDERAL WORKERS BEGIN TO RECEIVE N70,000 MINIMUM WAGENIGERIA NOT RIPE FOR TOTAL SUBSIDY REMOVAL – ECONOMISTWE’RE EXECUTING OVER 1,000 PROJECTS IN ENUGU – PETER MBAHPRICES OF RICE, BEANS, EGG, BREAD STILL HIGH – NBSHARDSHIP: CIVIL SERVANTS GO TO WORK TWICE IN A WEEKIT’S SHAMEFUL, KWARA HAS ILLEGITIMATE COUNCIL CHAIRMEN, COUNCILLORS – SARAKIEDO GUBER: I’LL CONTEST AGAIN – OLUMIDE AKPATAREAL REASON WABARA WAS DENIED JOB SLOTS – FCCCOUNT US OUT OF DANGOTE, NNPC CONTROVERSY – FGWHY YAHAYA BELLO WAS TURNED BACK AT HEADQUARTERS – EFCCFG FILES FRESH 16-COUNT CHARGES AGAINST EX-KOGI GOVERNOR YAHAYA BELLOHOW NASARAWA CATECHIST WAS FATALLY SHOT BY GUNMENTINUBU ACCUSES MINISTERS OF NOT BROADCASTING HIS ACHIEVEMENTSFG INCREASES NYSC MEMBERS MONTHLY ALLOWANCE TO N77,000
Thu. Oct 3rd, 2024

HIGHLIGHTS OF FEC MEETING HELD ON MONDAY AND TUESDAY, MAY 13, 14, 2024

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HIGHLIGHTS OF FEC MEETING HELD ON MONDAY AND TUESDAY, MAY 13 & 14, 2024

After exhaustive deliberations, the council approved a number of policies and projects that will further boost the economy, facilitate investments and promote the ease of doing business in the country. The under-listed are the major highlights:

1. Council supported a series of initiatives set to be launched that will revolutionize Nigeria’s Infrastructure and Housing sector through Public-Private Partnerships

The initiatives which can unlock about N2 trillion are aimed at transforming the nation’s infrastructure and housing mortgage sector, meet the urgent demand for critical infrastructure and affordable homeownership, fostering job creation, inclusive growth, and long-term productivity enhancement.

Inspired by the 1970s era, the government envisions a future where ordinary Nigerians can access 25-year mortgages at low-interest rates to realise their dream of owning a home. By collaborating with private institutional investors, the government seeks to replicate past successes and address current challenges effectively.

This strategic partnership aims to leverage the expertise and capital of private investors to accelerate the delivery of vital projects, driving sustainable development and economic progress for all Nigerians.

2. FEC approved that all users of Federal airports all over the country must now pay tolls at the gates. No one is excluded. The President and Vice President of Nigeria will also pay the toll.

3. The council announced a ban on sand dredging 10 kms from all Federal bridges throughout the country.

4. Council annouced a 4-week deadline for review of visa policy to enable tourists, business people, and creative professionals visit Nigeria. The ease of doing business, the council agreed cannot materialise if prospective visitors face a herculean problem getting our country’s visa. Part of the review envisaged is that visa applicants can apply for the visa online and get one within 48 hours. Also visas may be waived for holders of visas of some countries.

5. The council granted approval for the supply, installation and training of operators of disabled aircraft recovery system at Murtala Muhammed Airport in Lagos. The contract will cost N4.2 billion. Similar contract was awarded in 2021 for Nnamdi Azikiwe International Airport in 2021.

6. Council approved Special Purpose Vehicle to be created on a PPP basis to develop 90,000 kilometres of fibre optic cable to increase Nigeria’s internet connectivity by 60-70 percent. The SPV intends to copy the NLNG model.

7. Council approved a consultancy service for the reconciliation and expansion of the remittances to NITDA.

8. Council approved the request of the Ministry of Communications to convert the property at 324 Jackson Street, San Francisco, USA into a Nigerian Digital Technology Exchange Programme Hub. Property owned by the Nigerian government is valued at close to $7million.

9. The Federal Executive Council also approved the award of contract for the building of bus terminals and other transport facilities in the Federal Capital, Abuja. Terminals will be built within 15 months at Kugbo, Abuja Central Business District and Mabushi. The whole project will cost N51 billion and will be executed by Planet Projects Nigeria Limited, which did similar contracts in Lagos and Oyo states.

10. Council approved the award of contract to Messrs El & Matt Nigeria Limited to upgrade Kwaita-Yebu Road in Kuala Area Council of Abuja at a cost of N7.6 billion. Completion time is 18 months.

11. Council approved contract for the building of the Court of Appeal Abuja Division at a cost of N37.2 billion. Project will be executed by Messrs Visible Construction Limited.

12. The Council awarded contract at a cost of N412million for street lights on Bill Clinton Drive, Airport Expressway. The job includes the procurement of 8 back-up generators, which will be powered by Compressed Natural Gas( CNG) or Solar, in line with government’s decision about migrating from fossil fuel to renewable energy. The council discussed extensively the need for this energy transition, as it is climate friendly, because of low emissions and also because it will reduce cost of transportation and inflation.

13. Council approved the request by Nigeria Customs Service to buy 200 Toyota Land Cruiser Buffalo V6 at a cost of N12.5 billion. All the vehicles will be CNG powered. Government also approved insurance cover for the vehicles at a cost of N522 million. The cover will be provided by NEM.

14. Messrs Yuan Resources Limited was awarded the concession to deploy a revenue assurance platform under PPP arrangement in the lottery and gaming sector. The concession which will be for 15 years, will be done via DFBOT option, which means Design, Finance, Build, Operate and Transfer.

15. Before the Monday meeting was adjourned till Tuesday, council approved several road projects. Among them was the reconstruction of Iseyin-Okeho-Iganna Road in Oyo State.

16. Council approved Section 2 of the Lagos-Calabar Coastal Superhighway for construction, at a cost of N1.6 trillion.

17. Approval was granted for the award of contract for reconstruction of Koton-Karfe -Abaji Road (Abuja bound), along Abuja-Lokoja Route in Kogi state at a cost of N89 billion.

18. On Day 2 of the FEC meeting, approval was given for the award of contract for the equalisation of Lokoja-Benin Road, Okpela Section, Lokoja-Benin, Dualised Auchi Section -Uromi Link Road and Lokoja-Benin Road, Ekpoma Section. It was on this road that a fuel tanker fell into high water recently, with villagers having to swim to rescue the occupants of the tanker. The reconstruction will be financed by BUA Cement at a cost of N120 Billion under the tax credit scheme.

19. Council approved contracts to various contractors to build roads and bridges in Kaima-Tesse, Kwara State, Benin-Agbor, BeninByepass and Ngaski-Wara in Kebbi State. All the four contracts will cost N546 billion.

20. Messrs CCECC was awarded contract at N230 billion to build Kano Bypass. The road which is 37kms long will include bridges and several flyovers. The company has 36 months to complete the work.

21. The Council approved for procurement the Sokoto-Illela-Badagry superhighway, which is meant to join the Lagos-Calabar Coastal superhighway. The road was first awarded in 1976 and then abandoned.Bayo Onanuga
Special Adviser on Information and Strategy to President Bola Ahmed Tinubu.

    • Dons Eze

    DONS EZE, PhD, Political Philosopher and Journalist of over four decades standing, worked in several newspaper houses across the country, and rose to the positions of Editor and General Manager. A UNESCO Fellow in Journalism, Dr. Dons Eze, a prolific writer and author of many books, attended several courses on Journalism and Communication in both Nigeria and overseas, including a Postgraduate Course on Journalism at Warsaw, Poland; Strategic Communication and Practical Communication Approach at RIPA International, London, the United Kingdom, among others.

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