FEC Okays N89.6bn For Road, Aviation Projects
The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved about N89.6bn worth of contracts under the Ministries of Works and Housing and Aviation.
It also okayed the Draft National Policy on the over 2.3 million Internally Displaced Persons in Nigeria.
The Minister of Works and Housing, Babatunde Fashola, disclosed these to State House correspondents alongside the Minister of Humanitarian Affairs Disaster Management and Social Development, Sadiya Farouk; and Special Adviser to the President on Media and Publicity, Femi Adesina.
He said that FEC approved the contract for the dualisation of the Odukpani-Itu-Ikot Ekpene road for the sum of N79.649bn.
Fashola explained that the approved contract also covered the section from Oku Iboku Power Plant to Abak which runs for about 26 kilometre stretch.
He said, “Council approved the award to Messers Sematech Nigeria Ltd. for N79.649bn to be executed over 16 months.”
In 2020, a part of the road project was awarded at N54bn.
Updating the press on the 2020 contract awarded for the same project, Fashola blamed paucity of funds for its slow-paced implementation of the project.
He said, “So, again, we’re hoping that we can fund this one, because we’ve proposed it for this year’s Sukuk. So, these are the challenges that we face.
“So, when you see the Minister of Finance talking about the deficit that needs to be financed by borrowing, this is where it is largely deployed to.”
“So we’ve been proposing that Nigeria should have an emergency provision in the works budget, but we haven’t been successful enough. There must be a contingency.” Adesina, who briefed correspondents on behalf of the aviation minister said the ministry brought the memo for the approval of award of contracts for the Murtala Mohammed International Airport, Lagos; Nnamdi Azikiwe International Airport, Abuja; Aminu Kano International Airport, Kano; and Katsina Airport, Katsina.
He said for Lagos, it was for the expansion of terminal building at domestic terminal GAT, for the sum of N2.82bn. For the Katsina Airport, it’s expansion of Katsina Airport Apron, awarded at N527m.
According to him, there was also the expansion of Lagos Cargo Apron Area awarded at N1.98bn, expansion of Abuja Domestic Apron Area at N795m and expansion of Kano Apron Area at N1.059bn.
On her part, minister of Humanitarian Affairs Disaster Management and Social Development, Farouk, said the council approved a memo for the approval of the draft national policy on internally displaced persons in Nigeria.