Tag Archives: FEC

Ololade Omosan-Agie The Nigeria Export Processing Zones Authority in a bid to establish Medical Special Economic Zones across the six geo-political zones of the country, has urged the Federal Executive Council to adopt the concept as a national project. Prof. Adesoji Adesugba, the Managing Director of NEPZA made the remark …

Barely two months to the operationalisation of the African Continental Free Trade Area (AfCFTA), the Nigeria’s Federal Executive Council on Wednesday approved the instruments of ratification of the Agreement. The Commerce Africa reports that ahead of the AfCFTA operationalisation scheduled for January, 2021, no fewer than thirty countries have deposited …

Nigeria’s Federal Executive Council (FEC) has approved the construction of a deep seaport in Bonny in Rivers State, southern Nigeria. According to Transport Minister Rotimi Amaechin, the facility will be executed under a public-private partnership (PPP). It is expected to cost $461.9 million. Once completed, this platform will help boost …

The Federal Executive Council has approved the sum of N653,886,584 to procure and deploy a hybrid spectrum monitoring system that will cover the southern part of the country, most importantly the south-east. The Minister of Communication and Digital Economy, Issa Pantami, disclosed this on Wednesday, at the end of the …

As part of its efforts at diversification of the economy, the Nigeria’s Federal Executive Council (FEC) has approved a new policy on local production of bitumen. The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved a new policy on local production of bitumen to further …

The Federal Government of Nigeria through the Executive Council has approved the establishment of the Nigerian Youth Investment Fund (NYIF) to the tune of N75 billion. The NYIF, also tagged ‘the Youth Bank’, would create a finance support base for creativity and innovation of Nigerian youths within the age range …