Highlights of FEC Meeting:

19 May Highlights of FEC Meeting:

The Federal Executive Council (FEC) meeting chaired by President Muhammadu Buhari yesterday gave the following approvals:

* N169.7bn for the reconstruction of four roads under the Tax Credit Scheme. They are the road from Bali to Sheti through Gashaka to Gembu in Taraba state – 234 kilometres, at a cost of N95.232bn; and three other roads for reconstruction by  a private firm, Mainstream Energy Solutions, at over N74bn in Kebbi and Niger States.

* About N3.5bn for the purchase of a property in Abuja for the Ministry of Aviation.

* Awarded a N553.5m contract for the establishment and deployment of Advanced Report Generation Utility Engine Web-based Reporting Tools in favour of Msssrs Sinecou Limited with a delivery date of 12 months.

* Approval to the Ministry of Agriculture for its National Agricultural Technology Innovation Policy.

* Finance Minister, Zainab Ahmed presented a memo on Phase 3 of the Lighthouse programme on the digital infrastructure of voluntary assets and income declaration scheme bids and tax harmonisation normalisation analytics and application programme interface.