The Federal Executive Council, presided over by President Bola Tinubu, on Tuesday approved a total sum of N96, 297, 056, 103 for the construction of bus terminals and other transportation facilities in the nation’s capital.
The amount also covers the award of a contract to Maessr Planet Project Limited for the construction of the Court of Appeal, Abuja Division, contract for the provision of security operation and maintenance of the backup generator for the street lights along the Presidential routes and Villa Gate 8 in the Federal Capital City, as well as the upgrade of roads in Kwali Area Council.
The FCT Minister of State, Mrs Mariya Mahmood, explained that all the due process for the procurement procedure has already been followed and the certificate of no-objection has been obtained for the contracts.
She said: “The first approval is for the award of a contract for the development of bus terminals and other transportation facilities in the Federal Capital Territory. The second is approval for the award of a contract for the construction of the Court of Appeal Abuja Division.
And number three is approval for the award of contracts for the provision of security operations and maintenance of the backup generator for the streetlights along presidential routes and Villa Gate 8.
Lastly, the fourth one is for the upgrading of Koita-Igbu Road in Kwali Area Council. All the necessary due process for the procurement procedure has been followed. And a certificate of no objection has been obtained for all the awarded approved contracts.”
Breaking down the figures, the minister said: ” I do have costs and contractors. The first one was awarded at a cost of N51,025,172,424.90. It was awarded in favour of Messers Planet Project Limited.
“The second one is in favour of Visible Construction Limited at the cost of N37,259,513,881.14 and the upgrading of Kwali-Ibu, at N7.6 billion, is in favour of El Emad Nigeria Limited. For the generator and also the security, there are two things attached to that memo.
“The security operation and maintenance of the backup generator, at the cost of N412,352,800 million, was awarded to Messiah Contract People Limited.”
Also, the Federal Executive Council approved the plan to leverage the available long-term N20 trillion pension and other funds in the country to drive economic growth in the country by investing in infrastructure, housing power, rails, roads and technology.