FEC Approves N169.7bn For Road Construction

today05/19/2022 20

share close

The Federal Executive Council, FEC, has approved N169.7bn for the reconstruction of four roads.

Minister of Works and Housing, Babatunde Fashola, disclosed this to newsmen after the Council meeting presided over by President Muhammadu Buhari.

Fashola noted that the approval was in response to the tax credit scheme initiated in 2019 by President Buhari after signing Executive Order 7.

The Minister added that the order allows the private sector to finance public infrastructure in lieu of tax and then offset it over time using tax credits.

Written by: Helen Obih

Rate it

Previous post


Federal Government Suspends Accountant General

The Accountant General of the Federation, Ahmed Idris, has been suspended indefinitely over his alleged involvement in a N80 billion fraud. The Minister of Finance, Budget and National Planning, Zainab Ahmed, suspended Idris on Wednesday. Ahmed stated that the suspension was to allow for proper investigation in line with public service rules. Recall that the Economic and Financial Crime Commission, announced the arrest of the Accountant general over alleged diversion […]

today05/19/2022 32

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *

Our customer support team is here to answer your questions.
error: Alert: Content is protected !!