6 major decisions taken by Federal Executive Council on Wednesday

President Bola Tinubu has said that his government will not pay ransom to secure the freedom of anyone kidnapped in the country.

This was one of the major highlights of the Federal Execitive Council (FEC) meeting held at the State House, Abuja on  Wednesday, March 13.

The presidency shared highlights of the FEC meeting as reproduced below:

Highlights of the Federal Executive Council Meeting on 13 March 2024

1. President Bola Tinubu says his government will continue to support the security agencies to free the pupils, students, and other Nigerians abducted by bandits. Government, he said, will not pay any ransom to the bandits

2. Council approved the award of contract for the engagement of Messrs R2U Architects as consultant for the building of NDLEA barracks in Enugu, Kano, and Jigawa state.

3. Council approved Group Life Insurance for police personnel, property insurance for police buildings and barracks, aviation and marine insurance at a cost of N20.1 billion. The insurance will be provided by Messrs Total Security Insurance Brokers and Messrs Golan Heights Insurance Brokers, leading a consortium of close to 100 brokers, with Leadway Assurance and Anchor Insurance as lead underwriters.

4. The council approved the augmentation of the contract for the dualisation of Obajana-Benin Road in the sum of N897.6 billion. Contracts for the four sections of the road were first awarded in 2012 to Messrs Mothercat Nigeria Limited, Messrs CGC Nigeria, Messrs Dantata Sawoe Construction and Messrs RCC Nigeria Limited at a cost of N122 billion.

5. Council approved the construction of Isheri North- Ogun state road at a cost of N2.2 billion. Road will decongest Lagos-Shagamu Expressway.

6. Also approved by the council was the contract for the rehabilitation of Ebute Ero Outer Marina Shoreline in Lagos at N114.1 billion. Completion time will be 30 months.

The council was briefed by the Minister of Agriculture and Food Security, Minister of Communications and Minister of Trade and Industry, on the remarkable strides being achieved by the ministries and the country.