- FEC reconvenes to address Nigeria’s socio-economic challenges
- Over 20 memoranda were considered and approved at the last FEC meeting in May.
President Bola Tinubu is chairing the Federal Executive Council (FEC) meeting, which reconvened on Tuesday, June 25, following a six-week hiatus since the previous meeting.
The previous Federal Executive Council (FEC) meeting took place on May 13 and 14, spanning two days.
During this meeting, numerous memoranda were addressed, focusing on critical state issues.
Following the meeting, more than 20 memoranda received approval, including a new government initiative.
This initiative aims to stimulate economic growth by investing in housing and infrastructure development
The meeting is being attended by almost all members of the cabinet, except the vice president, Kashim Shettima, and the National Security Adviser (NSA), Nuhu Ribadu, who were not in the council chambers at the commencement of the meeting.
Among those attending the meeting was the Secretary to the Government of the Federation, George Akume; the president’s Chief of Staff, Femi Gbajabiamila; and the Head of Service, Dr Folashade Yemi Esan.
The information minister, Mohammed Idris, had on October 16, 2023, explained that the council will meet only when there are memoranda to consider.
Idris said: “The president has approved that the Federal Executive Council meeting will now be happening on Mondays as against the traditional Wednesdays that we are used to.
“So FEC meetings have been moved to Mondays. Of course that does not mean that it has to happen every week. If there are no issues to discuss, it will be skipped to next week”, he had said.
Today’s meeting comes amid soaring inflation, an unresolved national minimum wage issue, and other socio-economic challenges.