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FEC to Review and Fund Existing Projects
The Federal Executive Council (FEC) has paused several major projects needing additional funding, especially those under the Federal Ministry of Works. These projects, inherited from past administrations over the past 13 years, require augmentation. Minister of Information and National Orientation, Mohammed Idris, explained that President Bola Tinubu has ordered a thorough review to ensure the projects are executed with probity and proficiency before any additional funding is approved.
Minister of Works, David Umahi, is tasked with working alongside the Ministers of Budget and Economic Planning and Finance to streamline these projects for appropriate funding. While new projects like the Lagos-Calabar Highway are not part of this review, the FEC aims to reconsider and re-prioritize inherited projects, seeking alternative funding and evaluating those that can be completed. This reorganization is not just about funding shortages but involves other considerations to ensure efficient project completion.
Additionally, the FEC plans to revamp the National Council on Procurement, which has been ineffective for the past 17 years. A bill to strengthen the council has been sent to the National Assembly and passed its first reading in the House of Representatives. The goal is to create a robust procurement council that enforces financial discipline and scrutinizes all aspects of procurement, aligning with the administration’s vision for efficiency and accountability.
President Bola Ahmed Tinubu has stated that his administration’s economic reforms have helped stabilise Nigeria’s economy and placed the country on a path toward steady growth.
He said “My reforms have stabilised Nigeria’s economy and put it on a path of steady growth.”
The President added that the reforms are creating more opportunities for development across the country.
However, many Nigerians reacted online, with some questioning the impact of the reforms and saying they have yet to experience the positive effects.
Nigerian politician and FCT Minister, Nyesom Wike, has said that he is aware many civil servants do not like him.
He shared that he understands why he is unpopular among some civil servants, explaining that funds previously spent on unnecessary conferences are now being redirected to road construction projects.
He said “Some people say conferences for corruption and I say what is that? You are going for conferences to do what? These are ways government funds are being diverted. I say put this money in this road here and the people will get the impact.”
The Federal Government of Nigeria has reacted to rumours claiming it has approved Adire as the new fabric for the NYSC uniform.
It can be recalled that the Federal Government recently announced plans to review the NYSC uniform, which sparked speculation online that Adire had already been selected as its replacement.
However, the government has clarified that no final decision has been made regarding the new uniform.
“I mentioned Adire during the discussion. I also mentioned Ankara. My intention was simply to cite examples of some of the proposals that have been put forward in the course of our consultations. It was not an announcement that any particular fabric has been adopted or approved to replace the current NYSC uniform.”
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