The Federal Executive Council (FEC) approved N15,569,016,812 for various contracts in the Works and Housing, Education and Industry, Trade, and Investment ministries during its weekly meeting yesterday in Abuja. This was announced by three ministers after the meeting, which was chaired by President Muhammadu Buhari at the State House in Abuja.

Minister of Works and Housing, Babatunde Fashola, was the first to update the press after the Federal Executive Council (FEC) meeting. He stated that the Council approved the highest amount of funding of the day, N9,686,556,583, for two policy memoranda presented by his ministry. The first memorandum was regarding the government policy to provide a refund to state governments for prior interventions on federal roads, with a cutoff date of July 26, 2016. The two states that received the refund were Plateau and Borno, with N6,601,769,470.99 going to Plateau and N3,084,787,113.34 going to Borno.

Fashola further announced that the Council approved his ministry’s plan to hire a private sector operator to establish a central clearing house for toll plaza concessionaires. This operator would be responsible for building the clearing house at their own expense, operating it, recovering costs, and eventually transferring it back to the government. He added that the FEC had also approved the full business case for the concession of nine federal roads, which would include the completion of the roads by concessionaires and the provision of services such as tolling, ambulance, and vehicle recovery.

Fashola explained that the central clearing house would ensure interoperability between different toll systems used by various concessionaires and provide a centralized payment and accounting system. This would also give the government visibility into the operations of each concessionaire.

Minister of Industry, Trade, and Investment, Niyi Adebayo, announced that the Council approved a contract worth N1,803,556,537 for the construction of a sewage system for the head office of the Oil and Gas Free Zones Authority within the Liberty Free Zone in Akwa Ibom State. The completion period for the project is 10 months and includes 7.5% VAT.

Minister of Education, Mallam Adamu Adamu, revealed that the FEC approved a total sum of N4,078,903,692 for three contracts in Osun State University, Osogbo, Federal University, Lokoja, and the National Commission for Nomadic Education.

The Minister of Education, Mallam Adamu Adamu, reported that the FEC approved four memos, three of which were contracts for the construction of Senate Buildings at Osun State University in Osogbo and Federal University, Lokoja, as well as the erection of a radio antenna for the National Commission for Nomadic Education. He also announced the approval of a memo to takeover David Umahi University of Medical Sciences, Ebonyi by the federal government and to change its name to David Umahi Federal University of Health Sciences, after ratifying the agreement between the Ebonyi State government and the federal government. The bill to this effect was written, approved, and transmitted to the National Assembly for it to become law.

Source: ThisDay Live

Leave a Reply

Your email address will not be published. Required fields are marked *