FEC Celebrates Acting President Osinbajo At 60

osinbajo The Federal Executive Council (FEC) has reiterated its commitment to getting Nigeria out of recession before the end of 2017‎.

The resolve was made during the FEC meeting chaired by the Acting President, Professor Yemi Osinbajo, who clocked 60 on Wednesday.

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Although members of the Council may not have rehearsed very well, they honoured Professor Osinbajo with a warm song.

The meeting was brought to a close with the cutting of the birthday cake as some of the ministers joined the Acting President in a photo session.

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Briefing journalists on the outcome of the meeting, the Minister of Budget and National Planning, Udo Udoma, said the 2017 budget has been structured to pull Nigeria out of recession.

The Minister added that the government was anxious to get the budget passed in order to begin its implementation.

He also noted that the release of the budget would fast-track the implementation of the Economic Recovery and Growth Plan (ERGP) recently released by the Ministry of Budget.

The Council thereafter, approved the contract for the construction of the Greater Abuja Water Supply Project at the cost of $470 million.

The Minister of the Federal Capital Territory (FCT), Mr Mohammed Bello, stressed the importance of the project to provide potable water to residents of the greater part of the FCT.

FG Plans N40 Billion Affordable Housing For Low Income Earners

Kaduna Housing SchemeThe Federal Government has announced plans to commit N40 billion to the provision of a comprehensive and affordable housing programme for low income earners in the country.

Addressing participants at a symposium on housing in Abuja, the Minister of the Federal Capital Territory, Mr Mohammed Bello says the federal government is working towards arresting the housing deficit in the country.

He also announced plans by the government to establish a more robust mortgage system that will enable more Nigerians access the housing programme.

FCTA Reviews Land Allocation In Abuja

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FCT Minister, Mohammed Bello

The Federal Capital Territory Administration (FCTA) says it is reviewing the land allocation in Abuja, Nigeria’s capital.

The Minister of the Federal Capital Territory, Mr Mohammed Bello, disclosed this at a meeting with members of the Broadcasting Organisation of Nigeria on Friday.

Mr Bello said the review became necessary, as there were so many lands that could be used for investments but have been allowed to waste by suspected land speculators.

He explained that the FCT is hastening land approval process to make investment in the nation’s capital easy.