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President Bola Tinubu's Federal Executive Council (FEC) has approved 51 contracts totaling ₦6.27 trillion in the span of one year, with the aim of bolstering Nigeria's infrastructure in diverse sectors.
These contracts, granted between October 16, 2023, and May 14, 2024, represent a significant stride in fulfilling the administration's dedication to national progress.
The projects cover a wide range of infrastructure development, including the initiation of 43 road projects, upgrades to three airports, and enhancements to various train systems.
These endeavors are intended to enhance connectivity and drive economic expansion throughout the country.
In his first address on May 29th of last year, President Tinubu restated his dedication to carrying on the infrastructure initiatives initiated by his predecessor, President Muhammadu Buhari.
Tinubu emphasized that the advancement of national road, rail, and port networks would be given top priority, indicating a continued focus on robust infrastructure growth.
During the initial meeting of the Federal Executive Council (FEC) in August, the President urged his cabinet to demonstrate diligence and dedication to revitalizing the economy.
Stressing the high expectations of Nigerians, Tinubu emphasized the necessity for a responsive government capable of addressing crucial national issues such as unemployment and the threats posed by climate change.
President Tinubu also highlighted that their policy implementation would work towards reforming the economy, ensuring inclusive growth, and bolstering security for peace and prosperity.
He emphasized the vital role of security in attracting investment, underscoring the interconnectedness of infrastructure development and national security.
Moreover, President Tinubu has introduced a change in the schedule of FEC meetings, mandating that they be held every Monday, departing from the previous Wednesday schedule observed during the last administration.
