• June 24, 2021

FEC Approves N18 Billion For Kano, Calabar Free Trade Zones


=== (AGENDAWATCHDOG) === The Federal Executive Council, FEC, has approved N18 billion for the Kano, Calabar Free Trade Zones, according to the minister of information and culture, Lai Mohammed, who announced this on Wednesday, while addressing state house correspondents following the weekly FEC meeting in Abuja.

Mohammed further disclosed that the affected zones include the Kano and Calabar free trade zones, as well as the textile and garment park and the special economic zone in Lagos, adding that the approval was of critical importance to the infrastructure development plan of the country.

FEC also approved N9.24 billion as premium for insurance firms that will manage federal civil servants group life insurance in the country. The group life insurance is a joint regulation of the National Insurance Commission (NAICOM) and National Pension Commission (PenCom).


Agenda Watchdog

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