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Federal government okays N20.1 billion for Nigerian customs equipment
The federal government has approved a total of N20,114,002871 for the acquisition of various operational equipment for the Nigerian Customs Service (NCS). The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this to State House Correspondents after the federal executive council (FEC) meeting presided over by Vice President, Yemi Osinbajo at the presidential villa on Wednesday. The Minister said further that Council also approved the sum of N539,277,673 for the construction of the Federal Inland Revenue Service (FIRS) building at the Ilupeju Medium and Small Taxpayers’ office in Lagos. On the breakdown of contracts approved for Customs, the Minister said a total of 427 operational vehicles, worth N14.55 billion and nine assorted gunboats worth N5,564,002,871 were a...
FEC approves multi-billion naira roads construction contracts
In keeping with its infrastructural development mantra especially in the road sector, the Federal Government has approved a multi-billion naira roads construction projects across the country especially the completion of Benin-Ore-Adebamdele-Shagamu Road at the cost of N92.5 billion. This cheering news was dropped Wednesday by Minister of Works and Housing, Babatunde Raji Fashola, who told State House Correspondents after the weekly Federal Executive Council presided over by President Muhammadu Buhari at Council Chambers of the Presidential Villa Abuja that Council approved all four memoranda on roads projects his ministry presented at the meeting. Fashola said FEC approved all four memoranda he presented with respect to Benin-Ore-Adebamdele- Shagamu Road, particular the section from Adebam...
Nigeria ratifies membership of AfCFTA
The Federal Executive Council, FEC, on Wednesday ratified Nigeria’s membership of the Africa Continental Free Trade Area, AfCFTA, as the implementation of the agreement formally takes-off on January 1, 2021. This is as the Council has approved N62.7 billion for the construction of Kano-Dawakin-Tofa-Gwarzo-Dariyo road in Kano. Briefing State House correspondents at the end of the 23rd virtual FEC meeting presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja, the Minister of Information and Culture, Alhaji Lai Mohammed, said whereas the implementation of the agreement was initially scheduled to commence in July, this year, the plan was stalled by the spread of COVID-19. Alhaji Mohammed, who briefed on behalf of the Minister of Industry, Trade and Inves...
