President Muhammadu Buhari is currently presiding over the meeting of the Federal Executive Council, FEC holding at the presidential villa, Abuja.
Top on the agenda of the meeting is believed to be 2016 budget which has stirred up controversy between the presidency and the National Assembly.
The meeting took off exactly 11am with the arrival of the president.
He, thereafter asked the Ministers of Labour and Communication, Senator Chris Ngige and Adebayo Shittu respectively to offer the opening prayers.
It is expected that the Council would brief State House Correspondents at the end of the session.