Breaking: FEC Approves N96.3 Billion For Transportation Facilities In Abuja (Full Details)

During the Federal Executive Council meeting presided over by President Bola Tinubu on Tuesday, a total sum of N96, 297, 056, 103 was approved for the construction of bus terminals and other transportation facilities in Abuja…CONTINUE READING

This amount also covers the award of a contract to Maessr Planet Project Limited for the construction of the Court of Appeal, Abuja Division, contract for the provision of security operation and maintenance of the backup generator for the street lights along the Presidential routes and Villa Gate 8 in the Federal Capital City, as well as the upgrade of roads in Kwali Area Council.

Explaining the approvals, FCT Minister of State, Mrs. Mariya Mahmood, stated that all the necessary due processes for the procurement procedure had been followed, and certificates of no objection had been obtained for all the awarded contracts.

She said: “The first approval is for the award of a contract for the development of bus terminals and other transportation facilities in the Federal Capital Territory. The second is approval for the award of a contract for the construction of the Court of Appeal Abuja Division. And number three is approval for the award of contracts for the provision of security operations and maintenance of the backup generator for the streetlights along presidential routes and Villa Gate 8. Lastly, the fourth one is for the upgrading of Koita-Igbu Road in Kwali Area Council.”

Breaking down the figures, Mahmood further explained: ”The first one was awarded at a cost of N51,025,172,424.90. It was awarded in favour of Messrs Planet Project Limited. The second one is in favour of Visible Construction Limited at the cost of N37,259,513,881.14, and the upgrading of Kwali-Ibu, at N7.6 billion, is in favour of El Emad Nigeria Limited. For the generator and also the security, there are two things attached to that memo.”

In addition to this, the Federal Executive Council also approved plans to leverage the available long-term N20 trillion pension and other funds in the country to drive economic growth by investing in infrastructure, housing power, rails, roads, and technology.

Published By: Destiny.Jnr