Latest News

FG Approves Nigeria’s $2m Contribution To West African Power Pool

Federal Executive Council (FEC) has approved that Nigeria pays its 2020 annual contribution of $2m to the West African Power Pool.

Minister of Power, Saleh Mamman, on Wednesday, made this known to PUNCH.

Mamman said, “The pool is about having synergy within the West African region.

“The decision has been taken by ECOWAS, it is for the generation of electricity for the region, so as to have more constant and steady power supply.

“It is like the national grid in Nigeria. So, we are going to have regional grid. It means in case there is a failure in one country, another can supplement. The $2m is a contribution.”

In the same vein, Minister of Information and Culture, Lai Mohammed, said FEC also approved the award of contract for the reconstruction of the Apapa-Oworonshoki-Ojota Road Section II for the sum of N22.247bn.

Mohammed said the augmentation of the contract sum for the dualisation of Kano-Maiduguri Road was also approved.

The minister said, “I want to report that the Minister of Works and Housing presented a memo which was approved in council today for the award of a contract for the reconstruction of the Apapa-Oworonshoki-Ojota Phase Section II, which is bit land interchange, 8.1km stretch.

“You will recall that in 2018, the Federal Government approved an award of contract to Dangote Industry for the sum of N72bn.

“By the time the award was made, there was this section of the road that was in fairly good condition. But with the construction of the Oworonshoki project coming to an end, it now makes better sense to include that section which was fairly good.

“This contract was awarded today in the sum of N22,247,332,000. But you must know that this is one of the projects being awarded under Infrastructural Tax Credit Scheme.

“In other words, it is awarded to Dangote and Dangote will construct it and over the years, it will be deducted from the tax payable by the group.”

Also, Minister of Transportation, Rotimi Amaechi, said council approved the sum of N1,208,335,464.60, inclusive of 7.5 per cent tax for the supply, deployment, installation, testing and inauguration of security equipment for seven railway stations.

Help Aledeh News deliver the independent journalism Nigeria and the world need. Support us by making a contribution. Your donation allows Aledeh News to be completely independent. But it also means this online platform is only possible because of the support of readers like you. Support Now!

Related Articles

Leave a Reply

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

Back to top button
Close
Close
Close Bitnami banner
Bitnami