The Federal Executive Council (FEC) has approved the Finance Bill 2022 designed to support the implementation of the 2023 budget.
Minister of Finance, Budget and National Planning, Zainab Ahmed, briefed State House correspondents after the FEC meeting presided over by Vice President Yemi Osinbajo on Wednesday at the Presidential Villa, Abuja.
Mrs Ahmed said the Head of the Civil Service of the Federation also presented a memo on group life insurance cover for the period 2022 to 2023.
“This is an insurance cover that is covering all government agencies, military and intelligence agencies.
“Council approved the total sum of N9.24 billion for the insurance cover for 2022 to 2023.
“ As you know, the insurance will take effect from the date of payment.
“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.
The minister said that the first memo presented by her ministry was the draft Whistleblower Bill of 2022.
She said the memo had been reviewed by the council and approved with a provision to ensure alignment with the Evidence Act.
“The purpose of operationalising and putting in place a whistleblower bill is to strengthen the fight against corruption and to also enable protection for whistleblowers that provide information for use by government.
“As you know since 2016, the council had approved the setting up of...
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