The Federal Executive Council meeting, presided over by President Bola Ahmed Tinubu, made several important decisions. These include the approval of the construction of Lagos-Port Harcourt-Calabar Coastal Superhighway, initiation of social security payments to vulnerable households, extension of social security payments to graduates, establishment of consumer credit, and implementation of recommendations for restructuring federal agencies.
The Federal Executive Council was held on Monday and presided over by President Bola Ahmed Tinubu. Here are some of the highlights of the far-reaching decisions taken during Monday's FEC meeting. 1. FEC approved the construction of Lagos-Port Harcourt-Calabar Coastal Superhighway to Messrs Hitech Construction Africa. The first phase, made up of 47 km will begin in Lagos. 2. Social security payments to the vulnerable households begin immediately. Recipients will be those with NIN and BVN. 3.
Social security payments are to be extended to graduates from NCE and upwards. 4. Consumer Credit to be established very urgently. Chief of Staff to lead a committee that includes the Budget Minister, Attorney-General, and Coordinating Minister of the Economy and Finance, to make the scheme a reality. 5. The Council, in order to enhance efficiency in the Federal service, and reduce the cost of governance, decided to implement the recommendations of the Steve Oronsaye panel on the restructuring and rationalisation of federal agencies, parastatals and commission
Federal Executive Council Decisions Lagos-Port Harcourt-Calabar Coastal Superhighway Social Security Payments Vulnerable Households Graduates Consumer Credit Restructuring Federal Agencies