President Bola Tinubu has approved the conduct of the Federal Executive Council weekly meeting to be held every Monday.
The weekly FEC meeting which is presided over by the president and attended by cabinet members as well as other top aides to the president was previously held every Wednesday.
At the second FEC meeting held today, President Tinubu swore in three additional ministers into his 48-member cabinet.
The swearing-in ceremony took place at the Council Chamber, Presidential Villa, Abuja, before the commencement of the meeting, which is the second in Tinubu’s administration.
The meeting also took up the issues of economy and the agreement reached between government and the labour unions early this month to avert an industrial action.
Vanguard reported that the Minister of Labour and Employment, Simon Lalong, said that FEC gave approval for the agreement reached between labour and the government during their October 2 meeting.
Also, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said that the meeting approved the application for financing from the World Bank’s International Development Association.
He said that the country was able to access $1.5 billion from the IDA, which is the virtually free or zero-interest lending arm or financing arm of the World Bank.