Highlights of FEC Meeting

10 Mar Highlights of FEC Meeting

The Federal Executive Council (FEC) at its weekly meeting presided over by Vice President Yemi Osinbajo on Wednesday, approved the establishment of a mechanism for indigenous farmers to achieve right prices for their goods and commodities. With that foreigners and their representatives are banned from purchasing agricultural commodities at the farm gates directly.

* The Council also approved a trade policy action plan with the theme “Unleashing Nigeria’s Development Potentials through Trade and Investment.”

* The Council approved a new security measure making it compulsory for all federal public institutions that embark on any ICT project up to the tune of N1bn to obtain a quality assurance certificate from the National Information Technology Development Agency.

* The Group Managing Director of the Nigerian National Petroleum Company Ltd, Mele Kolo Kyari, told the council that about 1.9 billion liters was available to last for 32 days.