The Federal Executive Council (FEC) has approved a total sum of N15,569,016,812 for various contracts under the ministries of works and housing, education and industry, trade and investment.
Of this amount, the council presided over by President Muhammadu Buhari at the Presidential Villa, Abuja, on Wednesday, approved N9,686,556,583 for the works and Housing ministry for a refund of funds expended by Plateau and Borno states on federal roads.
Briefing correspondents after the meeting, Minister of Works and Housing, Babatunde Fashola, said the refund is for such expenditure incurred before the cut-off date of July 26, 2016.
He said the council approved N6,601,769,470. 99, in favour of Plateau State, and the sum of N3,084,787,113. 34 for Borno State.
Fashola explained: “We presented two policy memoranda. The first was with regard to the policy of the government to provide…
