Nigerian FEC approves Disaster Relief Fund, Economic Stabilization Bills, and infrastructure projects.
The Nigerian Federal Executive Council has approved a Disaster Relief Fund to aid areas affected by recent flooding, supported by government revenue and private contributions. Additionally, Economic Stabilization Bills were endorsed to amend tax laws, promote exports, and provide tax relief for job-creating companies. The council also greenlit infrastructure projects, including road construction and repairs across several states, and established a committee to assess dam integrity.
September 23, 2024
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