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The federal govt council (FEC) has reimbursed the sum of N9.6 billion to Plateau and Borno states governments for highway initiatives executed on behalf of the federal authorities.
The council gave the approval at a gathering presided over by President Muhammadu Buhari.
Talking to journalists on the finish of the assembly on Wednesday, Babatunde Fashola, minister of works and housing, mentioned the refunds have been vital.
The Minister of Works and Housing, Babatunde Fashola, made this recognized to Journalist on Wednesday on the finish of the assembly that the refunds have been vital.
He mentioned, “We offered two coverage memoranda. The primary was for a refund to 2 state governments for earlier interventions on federal authorities roads topic to the July 2016 cut-off after which refunds will not be eligible”.
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“The 2 states which had excellent with respect to eligible roads are Plateau and Borno states. Council authorised the refund of N6, 601,769,470,99 in favour of Plateau state and the sum of N3,084,797,113.34 for Borno state.”
Fashola additionally mentioned the council authorised a memorandum that knowledgeable it concerning the graduation of a procurement course of for a central clearing home for the operations of toll plaza concessionaires.
He mentioned this was in step with the present administration’s resolution to resuscitate tolling throughout the nation.
“This approval will give room for a personal sector operator to construct a central clearing home at its personal expense, function it, recuperate, after which in the end switch again to the federal government,” the minister mentioned.
“What the central clearing home will do is to synchronise interoperability between totally different toll methods that could be utilized by totally different concessionaires once they begin their tolls and in addition present a one-stop accounting system and a single fee restoration system the place all people is paid on the finish of the operations in addition to present visibility for presidency to see what’s going on within the operations of every concessionaire.”
On his half, Niyi Adebayo, minister of trade, commerce, and funding, mentioned the council authorised a N1.8billion contract for the development of a bundle sewage system for the authority’s head workplace throughout the liberty free zone in Akwa Ibom state.
“My ministry introduced a memo on behalf of the oil and fuel free zones authority, which is a parastatal beneath our ministry, as a part of its accountability of regulating and attracting overseas direct investments into the nation is supervising sure oil and fuel free zones within the nation and one among which is the freedom free zone in Ikot Abasi, Akwa Ibom,” he mentioned.
“To this finish, they sought the council’s approval for the award of a contract for the development of a bundle sewage system for the authorities’ head workplace throughout the liberty free zone in Akwa Ibom state, within the sum of N1,803,556,537.95, inclusive of seven.5 p.c value-added tax (VAT), with the completion interval of 10 months, with out variation, and counsel graciously authorised the award of the contract.”
