FEC approves Finance, Whistleblower Bills 2022

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FEC also approved N9.24 billion for insurance cover for government agencies, military and intelligence agencies for 2022 to 2023.

The Federal Executive Council has approved the Finance Bill 2022 designed to support the implementation of the 2023 budget.

“And in Nigeria, by our laws, the insurance cover is 30 per cent of the annual the emoluments of any staff of government that is deceased and this cover is paid by the insurance company of the deceased staff,.’ she said. “As you know since 2016, the council had approved the setting up of the Presidential Initiative of Continuous Audit . as well as of the office of the Attorney General of the Federation.’’She said that engagements in the six geo-political zones indicated that people were concerned about their safety as a result of providing information.Mrs Ahmed said the second memo presented to the council was a request for approval of the council for the Finance Bill 2022.

“The third focus area, job creation and economic growth is also designed to complement the ease of doing business and other reforms to support capital formation by the private sector as well as to foster enabling business environmental for micro, small and medium enterprises for youth as well as women in businesses.

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