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FEC Approves ‘Nigeria First’ Policy to Boost Local Industry

The Federal Executive Council (FEC) has approved a new policy aimed at prioritising the use of locally made goods and services in all government procurements. Minister of Information and National Orientation, Mohammed Idris, disclosed this on Monday following the FEC meeting held in Abuja. According to the minister, the ‘Nigeria First’ policy will soon be […]

FG Moves to Settle Pension Arrears with N758bn Bond Approval

The Federal Executive Council (FEC) has approved the issuance of a N758 billion bond to settle outstanding pension liabilities for federal pensioners. The approval, granted during the second day of the FEC meeting at the State House, Abuja, enables the Debt Management Office (DMO) to raise funds to clear pension arrears under the Defined Benefit […]

FEC Clears N47.96trn Budget, Renames University of Abuja After Yakubu Gowon

The Federal Executive Council (FEC) has approved a budget proposal of N47.96 trillion for the 2025 fiscal year, following its final meeting of 2024. Minister of Budget and Economic Planning, Senator Atiku Bagudu, announced this during a media briefing after the meeting, which was presided over by President Bola Tinubu. Bagudu explained that the budget […]