The Federal Executive Council (FEC) Has Approved The Issuance Of A 758 Billion Naira Bond To Clear Pension Arrears For Retirees.
The Approval Was Granted During The Federal Executive Council (FEC) Meeting At The State House, Abuja.
The Minister Of Finance And Coordinating Minister Of The Economy, Wale Edun, Told Reporters After The Meeting Chaired By President Bola Tinubu, That The Move Would Address The Financial Burden Of Retirees Who Are Waiting For Their Entitlements.
Edun Noted That, FEC Also Approved A 30 Million Euro Loan For Students’ Housing Scheme, Adding That The Concessional Loan Is Expected To Improve Student Housing Conditions Across The Country, Aligning With The Administration’s Commitment To Enhance Educational Infrastructure.