A presidential aide, Bayo Onanuga, on Tuesday, shared a summary of 20 key projects and policies approved by the Federal Executive Council (FEC) at its two-day meeting which ended on Tuesday.

The projects include road construction and purchase of buses while the policies were in different areas including housing, visa and digital infrastructure.

Mr Onanuga shared the information on his X handle.



HIGHLIGHTS OF THE FEDERAL EXECUTIVE COUNCIL MEETINGS HELD ON 13TH AND 14TH MAY, 2024

Yahaya Bello vs EFCC

The Federal Executive Council concluded its meeting that started yesterday today, Tuesday May 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.


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So so Road Road Road, no approval for education, Health, Agriculture , industrialization, Electricity. And they want dollar inflow to increase by just constructing only road, road, road again, more road without any plan of maintaining the existing ones.

The 2 days FEC meeting is unusual, so many important things must have been discussed

These people are celebrating the outcome of this meeting as if they have done something worthwhile

Only in Nigeria meeting plan outcome is celebrated. Sometimes inaugurated

delkuf:
These people are celebrating the outcome of this meeting as if they have done something worthwhile

Make una stop misusing English words.

Government are only informing the masses about their resolution at the 2 days FEC meeting which is unusual.

Not everything you guys should be frowning at

As usual, nothing for the Niger Delta. People might blame the president but I put the blame squarely on the useless governors and ministers representing my region. They lack the capacity to think further than their noses

MASTAkiLLAh:
As usual, nothing for the Niger Delta. People might blame the president but I put the blame squarely on the useless governors and ministers representing my region. They lack the capacity to think further than their noses

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

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

As usual finding faults where there shouldn't have been one

helinues:






As usual finding faults where there shouldn't have been one

helinues, keep quiet and avoid me this morning. Must people jump because you're happy ? Keep quiet let me talk about my region you this sadist

MASTAkiLLAh:
helinues, keep quiet and avoid me this morning. Must people jump because you're happy ? Keep quiet let me talk about my region you this sadist

Then why should you be people force others to be sad just because you are not happy with any development news about Nigeria.

What's your aim of your deliberate misinformation that was just bursted?

helinues:


Then why should you be people force others to be sad just because you are not happy with any development news about Nigeria.

What's your aim of your deliberate misinformation that was just bursted?

you're a bloody liar obviously suffering from acute short term memory loss or a severe lack of comprehension abilities. Point out one place in my post where I forced people to be sad in my post when I only focused on my region and it's political elite ? If your area got something, of course be happy but leave me alone to focus on my region. HELINUES PLEASE AVOID ME PLEASE

This company Nigeria govt awarded contract on the revenue recoup on lottery and games by ppp, pls I can't find their data, someone should help me do more research!

MASTAkiLLAh:
you're a bloody liar obviously suffering from acute short term memory loss or a severe lack of comprehension abilities. Point out one place in my post where I forced people to be sad in my post when I only focused on my region and it's political elite ? If your area got something, of course be happy but leave me alone to focus on my region. HELINUES PLEASE AVOID ME PLEASE

Your criticisms are not constructive

MASTAkiLLAh:
you're a bloody liar obviously suffering from acute short term memory loss or a severe lack of comprehension abilities. Point out one place in my post where I forced people to be sad in my post when I only focused on my region and it's political elite ? If your area got something, of course be happy but leave me alone to focus on my region. HELINUES PLEASE AVOID ME PLEASE

It be like some of you can't make any sensible comments without throwing tantrums or attacking others.

Tah

helinues:


It be like some of you can't make any sensible comments without throwing tantrums or attacking others.

Tah

Everyday things.

A FEW ARE OK.
BUT WE HAVE MANY TRAVEL WAYS IN NEED OF REPAIRS AND DRAINAGE.

How come, NO BILLIONS EARMARKED FOR UPGRADING OUR ELECTRIC POWER INFRASTRUCTURE THAT MANUFACTURERS CAN USE PRODUCE TO BRING DOWN PRICES OF COMMODITIES?

IS OBVIOUS PPL IN GOVTS AND GOVTS YEAR IN YEAR OUT ARE FAR FROM REALITY ON GROUND.

WE NEED THE COLONIAL MASTERS TO COMEBACK AND BUILD US DEV. INFRASTRUCTURES.

WITH THE GLOBAL WARMING,HOPE WATER CURRENT WONT COME ONE DAY AND WASH AWAY THIS N1.6trillion COASTER HIGHWAY.

helinues:


It be like some of you can't make any sensible comments without throwing tantrums or attacking others.

Tah

Stop wasting your time on that Igbo man

I hope they are implemented to latter

Celestialsword:
Your criticisms are not constructive

useless animals like you dont know what a constructive criticism looks like walahi

helinues:


It be like some of you can't make any sensible comments without throwing tantrums or attacking others.

Tah

something dey worry you walahi talahi. I stayed on my own talking about the useless politicians from my region, even absolved Tinubu of any blame but you brought your madness to my comment and want to gaslight me even. You need help sir, serious help

MASTAkiLLAh:
call anybody you want to call but may you be cursed except you can point anywhere in the constitution where being an Igbo man is a crime or sin

k

Paraman:
k

lol..... I thought so

Commendable news from FEC!

helinues:


Make una stop misusing English words.

Government are only informing the masses about their resolution at the 2 days FEC meeting which is unusual.

Not everything you guys should be frowning at

informing, that is why you guys will make us hear word again.
And come to think of it, what is the benefit of the resolution to the masses. All they did was to approve roads. In that resolution, no one single project that the ordinary man on the street would benefit from. You are building roads and fuel is 1000. Why can't pass resolution to bring the price of fuel down. That the masses would ok with.
It all nonsense

I hope they are implemented to latter

MASTAkiLLAh:
useless animals like you dont know what a constructive criticism looks like walahi

don't vent your frustrations on people

Stanleymaster1:
So so Road Road Road, no approval for education, Health, Agriculture , industrialization, Electricity. And they want dollar inflow to increase by just constructing only road, road, road again, more road without any plan of maintaining the existing ones.

Are you normal at all so...

helinues:


Make una stop misusing English words.

Government are only informing the masses about their resolution at the 2 days FEC meeting which is unusual.

Not everything you guys should be frowning at

Government is should be the right word to use Mr lecturer.
Only so so road construction without investment in areas like industrialization, agriculture health can't stimulate economic growth. This one is just settling friends and associates with our national cake.

iluvdonjazzy:
Are you normal at all so...

Please don't quote me again, I don't like mad people quoting me okay...