BREAKING: FEC Finally Approves Over N29.2bN on Road Construction From Nigeria to Niger Republic Border
According to Reports, On Wednesday, The Federal Executive Council (FEC) in Abuja has Recently approved Over N29.2 billion for the construction of two roads linking two Northern states to the border of Niger Republic.
The federal government has also licensed two gold refineries in Nigeria.
This is coming as President Muhammadu Buhari last night in Abuja approved the composition of a monitoring committee for the Niger Delta Development Commission (NDDC) in line with the provisions of Part V1, Section 21 of the NDDC Establishment Act.
Briefing journalists after the weekly Federal Executive Council (FEC) meeting in the State House, the Minister of Works, Mr. Babatunde Fashola, said the approval was the fallout of a memorandum of understanding (MoU) he presented to the council for the construction of a 46-kilometre road from Balle in Sokoto State to Niger Republic border at the cost of N9.5 billion.
He said the contract would be executed within a period of 24 months.
The minister also said the council approved another N19.7 billion for the construction of phase II of the project, which he described as a 50-kilometre road project from Kunia in Jigawa State to the Niger Republic border.
He said: "The Ministry of Works and Housing presented one memorandum for the award of roads. The first is Balle - Kurdulla -Niger Republic border road in Sokoto. It's in favour of Messrs North Sea Limited joint venture with Ceasar Engineering at N9. 576 million to be completed in 24 months. The road is 46 kilometres.
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