The Federal Executive Council (FEC), chaired by President Bola Tinubu, approved several major projects across various sectors, including industry, trade, and aviation. Among the key decisions was the procurement of 200 electric buses, costing N58 billion, aimed at promoting green mobility through the National Automotive Design and Development Council (NADDC). Additionally, a new Bank of Industry headquarters at Eko Atlantic City in Lagos, with an investment of N187 billion, was approved. The Council also endorsed the Nigerian Industrial Policy 2025 to guide the country’s industrialisation and manufacturing diversification agenda.
In trade and investment, the Council approved the construction of roads within the Lekki Medical Tourism Park in Lagos and confirmed Nigeria’s role as the host for the upcoming Intra-African Trade Fair. The event, to be held in Lagos, will boost Nigeria’s position within the African Continental Free Trade Area and strengthen its industrialisation aspirations.
In aviation, the Council approved upgrades to navigational safety systems at key airports, including the installation of advanced technology at Lagos and Abuja airports. Additionally, Nigeria’s air traffic control infrastructure will be enhanced, ensuring improved safety and operational efficiency.
