Business

FEC Approves N9.4bn For Power, Road Projects

The FEC meeting was held on Wednesday at the State House in Abuja, the nation’s capital.

The Federal Executive Council (FEC) on Wednesday approved a total of N9.4 billion for various projects including power and road.

Briefing journalists at the end of the meeting presided over by President Muhammadu Buhari at the State House in Abuja, the Minister of Industry, Trade and Investment, Niyi Adebayo also revealed that FEC approved the National Quality Policy.

The policy according to the Minister will see to the establishment of quality testing centers and laboratories in the country to reinforce quality in exported goods

“This policy will create a situation whereby the government and the private sector will be able to collaborate to set up quality testing centres, testing labs which we hope will have accreditation with international centres, such that any good that has approved to have met the standard, would be of international standard,” he said.

Ministers brief journalists at the end of the FEC meeting

The Minister of Information and Culture, Lai Mohammed after the meeting also announced that the sum of N1.14 billion was approved for the award of contract for the installation of solar street lighting for the Karshi-Jikwoyi dual carriage road in Abuja, the nation’s capital.

Mohammed said the contract was awarded to Messrs Bassman Nigeria Limited for a completion period of six months.

“This is a 20-kilometre street lighting project and the area hosts some very strategic institutions such as the Treasury Academy, the new Correctional Center which is under construction and it also houses the Federal Science College, the Armed Forces Post Service Housing Scheme in addition to Police Housing Scheme among others.

“Apart from beautifying the area, it also provides better security for the area. It means the SDG goal number 11 will be met and at the same time the global energy policy,” he said.

Also the Minister of State for Power, Godwin Jedy-Agba said the council gave approval for a 124.3 million variation of contract towards the construction of sub-station project in Lanlate, Oyo State, and Abeokuta, Ogun State.

According to him, this implies that the national metering programme directive by the President, will soon be completed and services will improve.