The Federal Executive Council (FEC) on Monday approved the sum of €161,328,228 for the execution of contracts in the first batch of Phase 1 of the Siemens Power projects across the country. The FEC, presided over by President Bola Tinubu, also okayed N1.7 billion for the acquisition of an office complex for the National Electricity…

The Federal government has approved the renaming of the University of Abuja to Gen Yakubu Gowon University. Minister of Information and National Orientation, Mohammed Idris, announced the decision on Monday after the Federal Executive Council (FEC) meeting presided over by President Bola Tinubu at the Presidential Villa, Abuja. Briefing newsmen, Idris explained that the Council's…

The Federal Executive Council (FEC) has approved $2.2 billion financing programme for external borrowing, including a potential Eurobond and Sukuk bond offer. Mr Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, made this known while briefing newsmen after the FEC meeting on Wednesday at the Presidential Villa, Abuja. “We just had…

In a bid to tackle Nigeria’s severe housing deficit and stimulate long-term economic growth, the Federal Executive Council (FEC) has approved N250 billion real estate investment fund aimed at providing affordable, long-term mortgages to Nigerians. 

The Nigerian presidency is a behemoth, a very large and powerful institution. Apart from a team of ministers, who along with other top government appointees constitute the Federal Executive Council

Following the official announcement of his appointment as the substantive Minister of Youth Development, Ayodele Olawande, has disclosed plans to enhance existing initiatives and introduce new policies aimed at tackling the pervasive issue of youth unemployment. Olawande, who made this pledge over the weekend in his Abuja office upon resumption, said his primary goal is…

The Federal Executive Council has approved the establishment of the Creative Economy Development Fund (CEDF) alongside the implementation of the Intellectual Property (IP) Monetisation Pilot. The approval was made on Wednesday at the Federal Executive Council meeting chaired by President Bola Ahmed Tinubu. In a memo presented to the Council, the Minister of Art, Culture…

President Bola Ahmed Tinubu yesterday reshuffled his cabinet, dismissing six ministers and appointing seven ministers-designate, amid expectations that the new appointees will drive the implementation of his Renewed Hope agenda. 

The Federal Executive Council (FEC) on Wednesday gave approval for the government to obtain credit facilities from financiers to facilitate the procurement of fighter aircraft and ammunition for the Nigerian Air Force. This was disclosed by the Minister of Information and National Orientation, Mohammed Idris, who briefed newsmen after the Council meeting chaired by President…

There are strong indications that the long-awaited cabinet reshuffle may be announced this week.

Federal Executive Council (FEC) has approved mandatory inclusion of National Values Charter in the curriculum of schools at both basic and post-basic levels.

President Bola Tinubu, yesterday, departed Abuja for the United Kingdom to begin a two-week holiday amid pressure from some ministers to retain their positions in the impending cabinet reshuffle...