President Bola Tinubu on Monday presided over the Federal Executive Council meeting at the Aso Rock villa.
The meeting had in attendance Chief of Staff to the President, Femi Gbajabiamila; National Security Adviser (NSA), Nuhu Ribadu; Secretary to the Government of the Federation, George Akume; as well as other members of the Council.
Below are the highlights of the meeting:
– Road Construction: The council approved ₦787.14 billion and $651.7 million for road projects across 13 states.
Major works include the Akure-Eta-Ogbese-Iju-Ekiti-Ikere-Ado-Ekiti road, Sokoto-Zamfara-Katsina-Kaduna dual carriageway, the phased Maiduguri-Monguno road, Abakaliki-Afikpo Flyover in Ebonyi, Ikoga and Atan-Alapoti-Ado-Odo roads in Ogun, and the final 96km of the Benin-Shagamu-Ore road.
The $651.7 million 7th Axial Road project, backed by China Exim Bank, is designed to improve cargo movement from the Lekki Deep Seaport, Dangote Refinery, and Fertiliser Plant.
– National Cocoa Management Board (NCMB): A draft bill was approved to establish the NCMB, aiming to improve Nigeria’s global cocoa market share, enhance farmer welfare, and ensure consistent, high-quality production.
The board will oversee plantation development, regulate the market, and provide soft credit to farmers.
– Marine and Blue Economy Policy: The council adopted Nigeria’s 10-year National Policy on Marine and Blue Economy (2025–2034) to harness the nation’s 853 km of coastline for economic growth, with most financing expected from private sector investments.
– Electricity Reform: The council approved the National Integrated Electricity Policy (NIEP), which will modernize Nigeria’s power sector by addressing infrastructure gaps, supporting renewable energy, strengthening regulation, and replacing the outdated 2001 framework.
– Nigeria First Policy: A new local content policy was unveiled, requiring all Ministries, Departments, and Agencies (MDAs) to prioritize Nigerian-made goods and services.
Where no local alternatives exist, agencies must secure Bureau of Public Procurement (BPP) waivers. Contracts will now also mandate technology transfer and capacity-building.
– Asian Infrastructure Investment Bank (AIIB): The FEC approved Nigeria’s full membership in the Asian Infrastructure Investment Bank as a non-regional member, aiming to enhance access to infrastructure funding and promote long-term economic growth.
– Swearing-in of Officials: President Tinubu swore in two new Permanent Secretaries — Rafiu Olarinre Adeladan (Oyo) and Muktar Mohammed (Jigawa) — and inaugurated Saviour Enyiekere as Chairman of the National Assembly Service Commission (NASC), alongside 12 new commissioners drawn from the six geopolitical zones.
Each commissioner will serve a renewable five-year term.
