Acting President Yemi Osinbajo today presided over the federal executive council (FEC) meeting.
The meeting held at the council chamber in the presidential villa started around 10a.m.
A sizeable number of cabinet members were in attendance when the meeting started.
The meeting was still in progress at the time of filing this report.
Meanwhile the senate has asked Federal Government to present the budgets of corporations, agencies and parastatals to the legislature in two weeks.
Also, the senate barred the affected corporations and parastatals from capital expenditure until their budgets have been passed by the legislature.
The lawmakers cited non-compliance with section twenty-one of the fiscal responsibility act by government agencies.