In the last one year, the country has spent about N4.74tn on the importation of petroleum products, an amount that is made up of N3.4tn for the actual products and N1.34tn on logistics.
Continue reading »Tag: Federal Executive Council FEC
FCT ADMINISTRATION TO CONSTRUCT N6BN ROAD PROJECT
The Federal Capital Territory Administration will soon begin massive construction of about 15 kilometers left hand service carriageway of outer southern expressway stage two from Ring Road One (RR1) to Wasa Junction within the territory.
Continue reading »FG CONCESSIONS RAIL LINES TO GE, MULTINATIONAL TO INVEST OVER $2.2BN
The Federal Government Wednesday handed over the letter of award appointing General Electric (GE) as the concessionaire for two narrow gauge rail lines in the country, after the company’s emergence as the preferred bidder for concessions.
Continue reading »N100BN NEEDED TO RECONSTRUCT APAPA ROAD — FASHOLA
The design and other requirements needed for the reconstruction of the Apapa road in Lagos State are ready, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said.
Continue reading »FG, PRIVATE FIRMS TO SIGN MOU ON REPAIR OF WHARF ROAD, APAPA
— Govt wants clarity on firms’ offerings, roads redesigned for concrete construction – Fashola The Federal Government and a group of undisclosed private firms are shortly expected to sign a Memorandum of Understanding (MoU) which would enable them invest over N100 billion in the reconstruction of the decrepit Wharf Road in Apapa, Lagos State, the Minister of Power, Works and […]
Continue reading »FG APPROVES N54BN FOR RECONSTRUCTION OF DILAPIDATED ODUKPANI-IKOT EKPENE ROAD
The Federal Executive Council (FEC) wednesday approved whooping N54 billion for the reconstruction of popular but collapsed Odukpani-Itu-Ikot Ekpene federal highway in Cross River State.
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