December 4, 2022
News

FG Okays Contracts Worth N64.687Bn For Works, FCT Ministries

  • January 27, 2022
  • 4 min read
FG Okays Contracts Worth N64.687Bn For Works, FCT Ministries

The federal government has approved N64,686,536,230 for contracts in the Ministry of Works and Housing and the Federal Capital Territory (FCT).
Also, the government approved the deployment of the Revenue Assurance Solution (RAS) for the Nigerian Communication Commission (NCC) to aid its ability to block revenue leakage and wastage during the federal executive council meeting presided over by President Muhammadu Buhari at the Presidential Villa.
Speaking on the approvals granted the Ministry of Works and Housing on behalf of the Minister, Presidential Spokesman, Garba Shehu, said roads and bridges projects sited across the six geopolitical zones were approved.

According to him, “the Minister of Works and Housing he requested for the approval of fifteen projects, roads and bridges, all of which were approved. I’ll just give you like two or three of the projects he got approvals for.
“One is for the award of contract of the construction of phase two of the Ikot-Ekpene-Aba to Owerri Dualisation project and this is at the cost of N40,157,000,000. It is due for completion in 30 months.
“Another project for which he got approval is the construction of the Offa Bypass Road phase 2 in Offa local government area of Kwara State. This project is for N4,335,000,000, due for completion in 12 months.
“Another is the revised estimated cost of the rehabilitation of Alesi-Ugep Road section in Cross River State. The initial cost was N11.221 billion, now valued at N14.74, with an additional completion of six months. (N59,232,000,000)
“The eleven other roads are spread across various geopolitical regions of the country”, he said.
On his part, the FCT Minister, Mohammed MBello, said a road project that will aid the decongestion of the Abuja metropolis, worth N5,454,536,230.67, was approved.
“Today at the Federal Executive Council meeting, I presented one memo and that’s in respect of the contract for the completion of the road called Mpape to Galuyi to Shere Road within the Federal Capital Territory in Bwari Area Council and that road is to be constructed by Messrs Vipan Global Investment Limited at a total cost of N5,454,536,230.67 only. We expect that that road will be completed within 18 months.
“That road has been under construction for some time and when we realized that the contract handling the project could not perform, the contract was terminated and we have reissued it to this new contractor and it is intended to open up the road leading Galuyi, Shere resettlement site, which is about 64% completed.
“This road, when done, is going to allow us to move settlements in two phases. The first phase will be to move settlements within phase two of the city that are meant to go there and these ones are seven communities of Utako, Maje, Mabushi, Jabi Samuel, Jabi Yakubu and Panda and then Zilu”, he said.
Speaking on the approval of FEC for RAS, Minister of Communication and Digital Economy, Professor Isa Pantami said “the first memo presented at the Federal Executive Council, which is going to be the one to speak on now is for the Nigerian Communications Commission for the deployment of Revenue Assurance Solution (RAS).
“This project has been ongoing since on 27, June 2016, almost six years now and the process has been a very long one for the commission and the wisdom behind the deployment of this Revenue Assurance Solution is to block leakages in the telecommunications industry, particularly as it applies to Annual Operating Levy.
“The administration of President Muhammadu Buhari has directed the revenue generating sectors to enhance and improve on revenue generation. As part of the compliance to this directive, the Nigerian Communications Commission has been automating so many processes, deployed technologies to ensure that all leakages are blocked blocks and at the same time to promote the cyber security of our country by making sure that our cyberspace, particularly as it relates to the telecommunications sector.
“This system, prior to the presentation of the memo today, Nigerian Communications Commission, has obtained the IT clearance from the National Information Technology Development Agency, certifying the project.
“Secondly, they have obtained the security report of clean bill from the Office of the National Security Adviser on it and thirdly, in 2018, they obtained an endorsement from the Minister of Finance then, and fourthly, they also obtained the certificate from the Infrastructure Concession and Regulatory Commission (ICRC) and finally, they have also obtained the certificate of no objection from the Bureau of Public Procurement.
“The wisdom behind deploying this technology is just to enhance government revenue and at the same time to ensure that leakage is being blocked”, he said.

By Jonathan Nda- Isaiah

About Author

redex

Red ExplorerNG is an online platform showcasing the richness of African culture. It provides online information that is not only limited to the following categories: Culture, Lifestyle, Entertainment, Business, Sports, Books, News, and Opinions.

Leave a Reply

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

This site uses Akismet to reduce spam. Learn how your comment data is processed.