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Highlights of FEC Meeting Held 13th - 14th May 2024 - Politics - Nairaland

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Decisions Of FEC Meeting Chaired By President Tinubu / Tinubu, Fashola, Ambode, Sanwo-Olu: 12th,13th,14th &15th Governors Of Lagos / Buhari Closing Remarks At The Valedictory Session For Members Of FEC (2015-2019) (2) (3) (4)

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Highlights of FEC Meeting Held 13th - 14th May 2024 by emkz: 8:03pm On May 14
HIGHLIGHTS OF THE FEDERAL EXECUTIVE COUNCIL MEETINGS HELD ON 13TH AND 14TH MAY, 2024
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.
Bayo Onanuga
Special Adviser on Information and Strategy to President Bola Ahmed Tinubu.

33 Likes 3 Shares

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by NwaNimo1(m): 8:05pm On May 14
7. Council approved a consultancy service for the reconciliation and expansion of the remittances to NITDA.

27 Likes

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by emkz: 8:07pm On May 14
Breaking News: Peter Obi reacts to the award of Phase 2 of the Lagos-Calabar Coastal Superhighway at a cost of 1.6 trillion naira. Condemns Tinubu administration for waste...

Details soon when he predictably condemns some of these decisions.

35 Likes 1 Share

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by emkz: 8:12pm On May 14
While thanking President Bola Tinubu administration and FEC for these plans, it is also important to include the southeast in these projects.

No one must be left behind.

45 Likes 5 Shares

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by ForValour: 8:15pm On May 14
Lots of oshofree money to be looted

16 Likes 1 Share

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by OgbeniOja1: 8:17pm On May 14
hmm. nothing on the new minimum wage here

19 Likes 1 Share

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by OgbeniOja1: 8:18pm On May 14
tolls. this govt dey find every avenue to generate revenue ehhhh

6 Likes

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by OgbeniOja1: 8:22pm On May 14
lols you noticed toooo. afterall emilokan say them no give votes
emkz:
While thanking President Bola Tinubu administration and FEC for these plans, it is also important to include the southeast in these projects.

No one must be left behind.

1 Like

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by Throwback: 8:51pm On May 14
Great information.

I see many new roads and rehabilitations to be done.

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.

If Tinubu can get it right with housing mortgages and the financial credit system for consumer purchases, that will be a great legacy.

32 Likes 1 Share

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by pafestula(m): 9:19pm On May 14
T
Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by Kelklein(m): 9:20pm On May 14
My candid advice to the president.. that courage you used to tell Nigerians that
Subsidy was gone last May 29.. use the same courage to tell them 'subsidy is back' this May 29.. and also return the exchange rate back to where it was..

That is the only amendment that would be fair to Nigerians.. this merry-go-around of milking Nigerians, putting them in misery just to give government trillions to loot is the highest form of insénsitivity, irrespónsibility and sheer wickedness..

The people deserve better.

14 Likes 1 Share

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by NaijaCover(m): 9:20pm On May 14
Following The Update
Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by Bubu4Sea: 9:20pm On May 14
The druglord wants to tax Nigeria as he taxes lekki gate

9 Likes

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by Throwback: 9:20pm On May 14
emkz:
Breaking News: Peter Obi reacts to the award of Phase 2 of the Lagos-Calabar Coastal Superhighway at a cost of 1.6 trillion naira. Condemns Tinubu administration for waste...

Details soon when he predictably condemns some of these decisions.

Tinubu has released assignment for Peter Obi.

He will submit it by tomorrow.

33 Likes 2 Shares

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by phemmie06(m): 9:20pm On May 14
emkz:
HIGHLIGHTS OF THE FEDERAL EXECUTIVE COUNCIL MEETINGS HELD ON 13TH AND 14TH MAY, 2024

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.



Bayo Onanuga
Special Adviser on Information and Strategy to President Bola Ahmed Tinubu.
cool




We love good things but we can't manage it, with which infrastructure are we expecting foreigners or investors? What measure are we taking to curb insecurity, Okomu oil has been under attack by knowm group but nothing is done against it yet we're expecting investors.
I will suggest FG attend class on investment for them to understand what it is and what it entails.

4 Likes

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by RonuFools: 9:22pm On May 14
Nonsense and ingredients

Meeting with no tangible results on the masses

5 Likes

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by pafestula(m): 9:23pm On May 14
Trash as usual, negative result as usual.

Same old stories without any positive impact or outcome.

Wasting of time and resources.

I didn't even waste my time to read the nonsense write up.

Hardship Pro-Max is always the outcome.

10 Likes

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by kufre2010(m): 9:24pm On May 14
What of Calabar Itu road? Nothing for Akwa Ibom and Cross River?

What of Lagos Calabar Railway

Or
Should we wait until we have an Akwa Ibomite as president before we start getting federal project?

5 Likes

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by adioolayi(m): 9:24pm On May 14
Make Nigeria better...that's the koko right now

6 Likes

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by Lanre4uonly(m): 9:24pm On May 14
Ok, noted.
Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by Melagros(m): 9:27pm On May 14
COMRADES, useless FEC meeting as usual, nothing reasonable will come up

6 Likes

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by bigdammyj: 9:27pm On May 14
Noted.
Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by AustinGustin: 9:27pm On May 14
Omo na All this construction of roads we go chop abi na Im go boost the economy 🤔🤔🤔

7 Likes

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by phemmie06(m): 9:27pm On May 14
emkz:
HIGHLIGHTS OF THE FEDERAL EXECUTIVE COUNCIL MEETINGS HELD ON 13TH AND 14TH MAY, 2024

Bayo Onanuga
Special Adviser on Information and Strategy to President Bola Ahmed Tinubu.
Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by oka4ugoo: 9:28pm On May 14
B

1 Like

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by cenaman(m): 9:28pm On May 14
Who will librate NIGERIA?
Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by Blazetrailer: 9:28pm On May 14
As inflation is nearing 40% and the Naira is getting devalued everyday, see what these dafts spent 2 days deliberating upon. Misplaced priorities
.

Not surprised anyway. The looter of Lagos has been found out. No economic sense.

12 Likes

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by AngelicBeing: 9:29pm On May 14
NwaNimo1:
7. Council approved a consultancy service for the reconciliation and expansion of the remittances to NITDA.

tongue

1 Like

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by Mikeshine(m): 9:30pm On May 14
Nothing approved to improved the well being of the poor. All contracts packed to just one. Oga ooo

4 Likes

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by emperor863(m): 9:31pm On May 14
emkz:
While thanking President Bola Tinubu administration and FEC for these plans, it is also important to include the southeast in these projects.

No one must be left behind.

The people of SE talk say; Tinubu no be dia president. Maybe you can try obi.

5 Likes

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by Mikeshine(m): 9:31pm On May 14
Blazetrailer:
As inflation is nearing 40% and the Naira js getting devalued everyday, see what these dafts spent 2 days deliberating upon. Misplaced priorities
.

Not surprised anyway. The looter of Lagos has been found out. No economic sense.

This is so serious

1 Like

Re: Highlights of FEC Meeting Held 13th - 14th May 2024 by Bobby4090: 9:32pm On May 14
Bitter Obi, we are waiting for your reaction so that Umahi will slam you back again 🤣🤣🤣

1 Like

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