The Federal Executive Council (FEC) has approved a credit facility of 500 million euros and 141 million dollars for the procurement of six M346 fighter aircraft and ammunition for the Nigerian Air Force.
FEC approved an agreement to eliminate double taxation and prevent tax evasion between Nigeria and Hong Kong, China.
Additionally, The Minister of Art, Culture, Tourism, and Creative Economy, Hannatu Musawa, said FEC approved the creation of a Creative Economy Fund.
The fund will help members of the creative sector access funding and use their intellectual property as collateral for monetization.
