President Muhammadu Buhari has sought the Senate to approve a request to pay the judgment debt in the sum of $566,754,584.31, £98,526,012.00 and N226 billion owed by the Federal Government through the issuance of promissory notes.
Buhari’s letter of request was read at plenary by Senate President Ahmad Lawan on Wednesday.
Meanwhile, President Buhari is currently wrapping up his administration activities with a valedictory Federal Executive Council (FEC) meeting at the Presidential Villa, Abuja.
The meeting which he is presiding over, may culminate in the dissolution of the cabinet.
But before the cabinet is dissolved, members will put the finishing touches to outstanding issues, cross all t’s and dot every i’s to a number of documents and treat all remaining memoranda from various government Ministries, Departments and Agencies.
Buhari is billed to hand over the baton of leadership to a successor on Monday at the Eagle Square Abuja.
Prior to now, the FEC had been awarding contracts and effecting cost augmentations for contracts to the tune of billions of naira.
Before the valedictory session, preceded by an exchange of banters among cabinet members, Wednesday, President Buhari performed the swearing-in of seven Federal Commissioners of the Revenue Mobilisation, Fiscal and Allocation Commission (RMFC).
Among those sworn in by the President ahead of the valedictory session currently ongoing are Peter Okpara (Imo), Senator Ayogu Eze (Enugu), Kolade Abimbola (Oyo), Rekiya Ayuba-Haruna (Kebbi), Hauwa Aliyu (Jigawa), Ismaila Agaka (Kwara), and Amb Ayuba Ngako representing the FCT.
Before breaking into a closed-door session, the FEC received the key highlights of the report of the Health Reform Committee chaired by Vice President, Yemi Osinbajo.
The committee was put in place to develop a roadmap for achieving Universal Health Coverage in the country.
Its recommendations include improving funding of the health sector above 10 percent.
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