Monday, August 15, 2022
  • Login
No Result
View All Result
The News Beam
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
The News Beam
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
No Result
View All Result
The News Beam
Home News Business & Economy Finance

FG Approves N82 billion for Completion of Infrastructures in FCT

March 25, 2021
in Finance, Economy, News
Reading Time: 2 mins read
0
A A
0
FG Approves N82 billion for Completion of Infrastructures in FCT
Share on FacebookShare on Twitter

The Federal Executive Council (FEC) has approved N82 billion for the completion of infrastructure projects in the Federal Capital Territory (FCT). Rehabilitation of the Federal Secretariat, Abuja is also included in the project.

The Minister of the FCT, Malam Muhammed Bello, made the announcement while briefing State House correspondents at the end of the council meeting, presided over by President Muhammadu Buhari in Abuja on Wednesday.

Bello said that about N8.1 billion of the amount was approved for the rehabilitation of the Federal Secretariat.

“I presented six memos and all have to do with infrastructure and infrastructure-related projects.

“The first one is for the revision of the contracts for the rehabilitation and expansion of the outer Southern Expressway to Ring Road I in the Federal Capital City.

“That contract was approved at a varied contract amount of N15, 125, 122, 967. It is expected that this contract would be completed within 24 months.

“The second project, which was also approved, is for the revised estimated cost of the contract for the construction of a 15-kilometre left hand service carriage way of the outer surface of the outer Southern Expressway stage II.

“The augmentation of this particular project is in the sum of N11, 476, 476, 424, 350.

“The third memo is for the rehabilitation of phase I of the Federal Secretariat, which involves electro-mechanical systems, water system as well as other general rehabilitation.

“This is a secretariat that was inaugurated in 1993, quite a long time ago so we are doing massive rehabilitation of that at a total sum of N8, 110, 665, 676.76 and the completion period is 24 months.”

The minister disclosed that the other projects include those for the total overhaul of a 1500 KVA generating plant for the Abuja Environmental Protection Board at a cost of N110 million.

Bello said that approval was also granted for an upward review of the contract sum for the extension of the inner Southern Expressway at N47.6 billion.

He said that N131.4 million of the N82 billion was meant for the review of consultancy provision for the Independence and Constitution Avenue Road project in the Abuja Central Business District.

NAN

Read Also: Wife Exposes Husband To Police For Refusing to Return Stolen Shoes

Tags: FCTFECInfrastructureN82 billion
ShareTweetSend
Previous Post

Buhari’s Son, Yusuf, Set to Marry Kano Princess

Next Post

How To Use Social Media To Get a Job

Related Posts

Bello-Koko Appointed As New NPA Boss
Business & Economy

Worsening Finances: FG, NPA struggle to recover $753m debt from 18 terminal operators

August 15, 2022
2
BudgIT berates Abia, Ondo, 10 states
News

BudgIT berates Abia, Ondo, 10 states over unpaid salaries to civil servants

August 11, 2022
42
The Bala boys and other internet fraudsters
Crime

Two siblings, 16 others busted for internet fraud

August 9, 2022
38
Inflation rate trend & projection (Financial Derivatives Company Limited)
Business & Economy

Naira depreciation: Nigeria to record highest inflation rate in 16yrs -Financial Derivatives Company

August 9, 2022
32
Nigeria’s mining sector records 25.3m tons increase in production
Business & Economy

Nigeria’s mining sector records 25.3m tons increase in production

August 8, 2022
8
CBN Headquarters, @Abuja
Business & Economy

2023 Elections: We won’t allow politicians convert naira to dollars-CBN

July 21, 2022
15
Next Post
How To Use Social Media To Get a Job

How To Use Social Media To Get a Job

Nigeria Signs $1.3 billion Basic Chemicals Platform Agreement With Morocco

Nigeria Signs $1.3 billion Basic Chemicals Platform Agreement With Morocco

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

  • Trending
  • Comments
  • Latest
How to Apply for the N25 Billion Youth Investment Fund of the Federal Govt

How to Apply for the N25 Billion Youth Investment Fund of the Federal Govt

October 16, 2020
Covid-19: See List of Vaccination Centers in Lagos State

Covid-19: See List of Vaccination Centers in Lagos State

August 19, 2021
Banks suffer 11% reduction in new loans as customers resist interest rate hike

CBN reveals 9 Business Categories that recorded Increased Activity This Month

9
BREAKING ! How Hurriedly installed Application Saved Central Bank of Nigeria website from 'Anonymous' hack

BREAKING ! How Hurriedly installed Application Saved Central Bank of Nigeria website from ‘Anonymous’ hack

7
Bello-Koko Appointed As New NPA Boss

Worsening Finances: FG, NPA struggle to recover $753m debt from 18 terminal operators

August 15, 2022
Why Marriage Helps People Generate More Wealth

Why Married Men should stay away from Porn-Relationship expert

August 14, 2022

Categories

  • Agriprenuers (12)
  • Books & Arts (7)
  • Business & Economy (425)
  • Capacity Building (21)
  • CDAs (2)
  • Community Champions (1)
  • Crime (196)
  • DEVELOPMENT (74)
  • Development Agencies (109)
  • Economy (315)
  • Education (192)
  • Entertainment (405)
  • Faith (55)
  • Finance (331)
  • Global (103)
  • Guest Columnists (17)
  • Health (242)
  • Health (56)
  • Industry (149)
  • LGAs (1)
  • Lifestyle (97)
  • MGDs (10)
  • News (2,284)
  • Politics (373)
  • Projects (2)
  • Relationships (69)
  • Security (164)
  • SMEs (15)
  • SPECIALS (82)
  • Sports (311)
  • Street Money (9)
  • Tech (138)
  • Teens World (3)
  • The Entrepreneur (24)
  • Uncategorized (65)
  • Your Community (33)
  • Youthprenuers (14)
No Result
View All Result
News
Politics
Business & Economy
Sports
Entertainment
Global

Development

Health
Education
MGDs
Development Agencies

Your Community

CDAs
LGAs
Projects
Community Champions

The Entrepreneur

Street Money
SMEs
Youthprenuers
Agriprenuers
Capacity Building

Specials

Lifestyle
Relationships
Books & Arts
Faith
Teens World
Guest Columnists

Follow Us

  • About Us
  • Contact Us
  • Terms of Usage
  • Privacy Policy
  • Advert Rates
  • Newsletters
  • Resources
  • Submit a Story
No Result
View All Result
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
  • Login

© 2020 The News Beam is the highest circulated and most read newspaper in Nigeria. The online portal of The News Beam is the most visited website in the world.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Subscribe With The News Beam