The Federal Executive Council (FEC) has approved contracts for the construction of three sub-stations in Kano and Benue States as well as for the extension of transmission lines in Umuahia, Abia State and Mbano, Imo State. The Minister of Power, Engr. Mamman Sale, announced this after the 37th federal virtual cabinet meeting presided over by President Muhammadu Buhari, on Wednesday. Sale said council approved the construction of three sub-stations, two in Kano State and one in Benue State. He put the cost for the extension of transmission lines in Abia and Imo States at $506,324.40 plus N34,034,000 local content. “On the amount for the construction of three sub-stations in Zaki-Biam, Benue State and Bichi and Kanyi, Kano State – the one in Zaki-Biam is $8.6 million, while the local content...
The United States imposed long-anticipated sanctions on Turkey on Monday over Ankara’s acquisition of the Russian S-400 air defense systems, further complicating already strained ties between the two NATO allies. Turkey condemned the sanctions as a “grave mistake” and urged Washington to revise its “unjust decision.” Senior U.S. officials said in a call with reporters that Ankara’s purchase of the S-400s and its refusal to reverse its decision left the United States with no other choice. The sanctions, first reported by Reuters last week, target Turkey’s top defence procurement and development body Presidency of Defence Industries, its chairman Ismail Demir and three other employees. While limited to one company, they are still likely to weigh on the Turkish economy, analysts said, at a ti...