Latest News

FEC okays N182.68 billion roads projects

The Federal Executive Council (FEC) meeting on Wednesday approved a total of N182. 68 billion for various road projects across the country.

This was disclosed by the Minister of State for Works and Housing, Abubakar Aliyu, at the end of FEC meeting chaired by President Muhammadu Buhari at the Presidential Villa, Abuja.

Advertisements

CRUSH 2019 OAU Post UTME, OAU Pre-Degree And OAU JUPEB @ Akahi Tutors, Ile-Ife. Call; 08038644328 or Click Here For Details

According to him, the states the roads projects covered included Lagos, Niger, Kano, Katsina, Edo, Kwara, Taraba, Jigawa, Imo, Abia, Yobe, FCT, and Anambra.

Read Also: 2020 budget: Abiodun sets agenda to grow local economy

The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed that the FEC approved the Medium Term Expenditure Framework 2020 to 2022, which will guide the 2020 Budget.

According to her, the next step is to present the document to the National Assembly for consideration.

She also disclosed that the FEC approved the increase of Value Added Tax (VAT) from 5% to 7.2%.

Advertisements

But she said that the VAT Act will have to be amended first before the increase come into effect.

Attend OAU Post UTME, OAU Pre-Degree & OAU Jupeb Tutorials @ Akahi Tutors, Ile-Ife. Call 08038644328 or Click Here For Details

Advertisements