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Tag "federal executive council"

FG issues IOUs to clear 11-year backlog of debt

    FG issues IOUs to clear 11-year backlog of debt

The federal executive council (FEC) on Wednesday approved the issuance of promissory notes for the settlement of debts owed local contractors worth N740 billion. Kemi Adeosun, minister of finance, said

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FG sets $38 oil benchmark in 2016 expenditure

    FG sets $38 oil benchmark in 2016 expenditure

The federal executive council (FEC) has approved a N6trn expenditure for 2016 in the medium term expenditure framework (MTEF). Udoma Udoma, minister of budget and national planning, disclosed this to

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Buhari inaugurates national economic council

    Buhari inaugurates national economic council

President Muhammadu Buhari has inaugurated the National Economic Council (NEC) headed by Vice President Yemi Osinbajo. Speaking at the event, which held at the council chambers of the presidential villa

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Lagos gets approval for $242.2m IDA loan

    Lagos gets approval for $242.2m IDA loan

The Lagos State Government received approval from the Federal Executive Council on Wednesday for two separate loans totalling $242.2m (about N40bn) from the International Development Association (IDA). The minister of

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2014 budget full of distortions, says FG

  2014 budget full of distortions, says FG

The 2014 budget passed by the National Assembly is “full of distortions”, the federal government has said. Information Minister Labaran

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