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The Federal Executive Council, FEC, on Monday, approved the establishment of Humanitarian and Poverty Alleviation Trust Fund as part of the administration’s efforts to cushion the economic hardship on vulnerable Nigerians.
“This of course is a victory for the poor and indeed, would bring help and succor which the Renewed Hope Agenda stands for.” The Minister said council also approved the ratification of the Protocol on the protection of the rights of older persons in Nigeria. He said the approval empowers the ministry to act precisely on various issues, including security measures, combating illegal mining activities across the country, and securing Nigeria’s economic survival.
“The approval today, as part of the policy, allows the Solid Minerals Ministry to act on all matters related to deregulation, management, operation, and environmental sanitization of the Solid Minerals sector. The memos approved include concessional loans with zero-interest financing by the World Bank and the International Development Association, the concessional financing arm of the bank.Council, he said also approved funding for states for resource mobilization programme to help them with the internally-generated revenue efforts.
Minister of Education, Tahir Mamman on his part said Council approved two memos his ministry presented.
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