Thread by @toluogunlesi

Maiden FEC Meeting of the #NextLevel kicks off with an Address by President @MBuhari #FECBrief

President @MBuhari: To improve service delivery and efficiency we have decided to restructure some functions, which has led to the creation of new ministries:

#FECBrief #InauguralFEC

PMB: We have merged Finance and Budget & National Planning.

We have also created a Ministry of Humanitarian Affairs to institutionalize our various interventions that support some of our poorest and most distressed citizens.

#FECBrief #InauguralFEC

PMB: We split the Ministry of Power, Works and Housing, and split Transport & Aviation, to improve delivery of infrastructure; and we created a Ministry of Police Affairs to help advance our security reforms #FECBrief #InauguralFEC

PMB: We have created a Ministry of Special Duties and Intergovernmental affairs. The Minister will coordinate multiagency and inter-Ministry functions as designated by the President. #FECBrief #InauguralFEC

PMB: I have asked the SGF to draft a schedule of ministerial responsibilities for my review and approval. #FECBrief #InauguralFEC

[Context: what’s being referred to here is the delineation of duties and responsibilities between Ministers and their Ministers of State]

President arriving Council Chambers for the Maiden FEC Meeting of the #NextLevel. (If I was mischievous I’d have used #PMBHasCome hashtag but I won’t). LOL

Just to add: one more structural reform for #NextLevel:

SGF recently announced the Introduction of a new Cabinet Memorandum Review and Approval Process; goal is to improve efficiency of government decision-making and policy implementation.

Ministers of Interior, Mines and Steel Development (HM & HMS), and Niger Delta

#FECBrief #InauguralFEC

President @MBuhari today, at #InauguralFEC

📷: @BayoOmoboriowo

#InauguralFEC ended shortly after 6pm. #FECBrief-ing now ongoing, presided over by @GarShehu.

Minister of State, Works and Housing speaking: 14 new road contracts approved.

Also approved today, an extension of the construction contract for the Lagos-Badagry Expressway, to the border with Benin Republic. #FECBrief

Minister of @FinMinNigeria: FEC has approved the commencement of the process for an increase in VAT, from 5% to 7.2%. The Process will involve extensive consultations and also a review of VAT Act. Will not be implemented immediately — not until VAT Act is reviewed. #FECBrief

[An increase in VAT means more money for State and Local Governments. VAT sharing formula is 15% for FG and 85% for States and LGAs. #FECBrief ]

Min of @FinMinNigeria: FEC has directed that Consultations begin, on VAT increase, at various levels - with States, LGAs, private sector, General public.

We hope the VAT increase can take effect in 2020. But it CANNOT take effect until VAT Act is amended by National Assembly.

FEC today approved the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for 2020-2022. Download this doc to find out more about the MTEF and FSP budgetoffice.gov.ng/index.php/hmfb…

#FECBrief

FEC also today approved revisions to the contract sums for #LagosIbadanRail and #ItakpeWarriRail. Revisions will cover various additional works ranging from Stations, to the extension of the #LagosIbadanRail Line to the Apapa Port Complex, etc. #infrastructure #RailUPng

Minister of Finance: CAPITAL releases for the 2019 budget just started this week. Almost 300 billion Naira lined up for releases in first disbursement. #FECBrief