FG approves N59.8bn contracts for roads, others

Abuja — The Federal Executive Council, FEC, yesterday, approved contracts worth N59.8 billion for road construction, rehabilitation of the Economic Community of West African States (ECOWAS) Parliamentary building and the construction of the Mambila Hydro Electricity Dam projects. Minister of Information, Mr Labaran Maku, who addressed State House correspondents after the
meeting said the contracts were variously under the Ministries of the Federal Capital Territory, Niger Delta Affairs and Power.
The contracts approval were in addition to the approval of a  loan of $77 million (about N12 billion) for water projects in Lagos and Cross River states to “facilitate access to water in a number of cities and towns in the states.”
Maku, who was flanked at the briefing by the Ministers of states for the FCT, Niger Delta Affairs and Minister of Communications Technology said some of the contracts approved, yesterday, were the construction of a 23-kilometre Sagbemi-Kiribo-Gada-Egbekigbo in Ondo State at the cost of N3.555 billion with completion period of 24 months, while the augmentation on the contract for the Ibadan-Illorin road is at a cost of N444 million.