The Federal Executive Council (FEC) has proposed 26.01 trillion naira for the 2024 fiscal year for submission to the National Assembly.

This is according to the Minister of Budget and Planning, Atiku Bagudu, who spoke after the Council meeting presided over by President Bola Tinubu.

During the briefing at the Council Chamber, Presidential Villa, Abuja, Bagudu said the government is working to ensure a January-December budget circle.

Minister of Finance and Coordinating Minister for the Economy, Wale Edun, also shed light on the ongoing talks with the World Bank for a 1.5-billion-dollar concessionary loan.

In his address, the Minister of Information and National Orientation, Mohammed Idris, said the FEC meeting has been moved from Wednesdays to Mondays.

Under the immediate past administration of Muhammadu Buhari, FEC meetings were held on Wednesdays.