<\/p>\n
The sum of N13,321,742,038.83 has been granted by the federal government for group life insurance for the 318,319 officers and men of the Nigerian Police.<\/p>\n
This is in light of the Federal Executive Council\u2019s (FEC) approval of a total of N273,933,143,027 yesterday for a number of contracts spanning the ministries of Works and Housing, Environment, Transportation, and Police Affairs.<\/p>\n
At the conclusion of the weekly Council meeting, which was presided over over over at the Council Chamber, Presidential Villa Abuja, by President Muhammadu Buhari, this was revealed to State House correspondents.<\/p>\n
According to Mohammed Maigari Dingyadi, Minister of Police Affairs, the purpose of the document conveying the request to FEC was to keep the Police inspired and motivated.<\/p>\n
Also speaking at the post-FEC briefing, Minister of Works and Housing, Babatunde Fasola, said Council approved four memoranda, three of which were for various road projects, which aggregated to N135,330,473,335.<\/span><\/p>\n Fasola claims that the fourth memorandum was brought up to make a difference in the cases of former employees of the now-defunct Federal Mortgage Finance Limited, whose destiny was disregarded following the collapse of the business.<\/p>\n The meeting approved an N4,774,517,205 pension and gratuity arrears payment to the Pension Transitional Arrangement Directorate, which the Minister claimed was in support of his message to Council on the nearly forgotten former federal employees (PTAD).<\/p>\n Without repeating ourselves, we made this passionate appeal to Council today that these people deserved to be treated in the same manner as pensioners of Nigeria Airways and all of NITEL, and the amount due as their pension arrears and gratitude was N4,774,517,205 andC ouncil agreed that PTAD should handle this problem, subject to verification, and pay them these funds in addition to the monthly pensions, which are now projected to be worth N41,096,700, he said.<\/p>\n Fasola stated on the other three memos, I provided four memos on behalf of the Ministry of Works and Housing. The first was for the award of the Minna-Zungeru-Tegina-Kontagora Highway\u2019s initial section. Starting from Minna, section one ends in Tegina. Its 94.9 kilometers were approved in favor of a combined project by Deveco and HMF Construction, to be funded as originally approved last year, under the tax credit program, for the amount of N87.396 billion. This project was one of many supported by the tax credit program that was in place at the time.<\/p>\n The second was made on behalf of FERMA, and it concerns the contract award for the building of the Isheri North Road in Lagos, which connects Ogun State and provides an alternate route between Lagos and Ogun to the Lagos-Ibadan Expressway. It is 11 kilometers long and approved in Mr. Acute Options Limited\u2019s favor. The agreed-upon amount is N2,104,483,730.<\/p>\n The third approval concerned an existing contract, whose prices had to be increased due to increases in material costs, inflation, and price variations, as well as to account for changes in fiscal policy since the project was initially awarded in 2014, prior to this administration, when the fiscal policy with regard to VAT was 5%. The current fiscal policy is 7.5%.<\/p>\n Mohammed Abdullahi, the environment minister, also spoke during the briefing. He claimed that the council had approved the two memoranda he had presented, whose cost implications totaled N123,493,723,862.<\/p>\n The first memo is on remediation of simple hydrocarbon impacted sites in Ogoniland, in favor of about 35 contractors, in other words, there are about 35 lots for a completion time of 24 months, claims Abdullahi. The contract\u2019s total value is N95,908,284,452.91.<\/p>\n The construction of 132 KV transmission lines (62 kilometers) and 260 MVA power substations for the Phase 1 of the Ogoni power project in Winyakara and Bodo in Ogoniland, in favor of Messrs. Enagovot Engineering Limited, is the subject of the second memo that deals with the Ogoni people\u2019s program for sustaining their way of life. Additionally, it has a 12-month completion deadline. N27,585,439,410.13 has been approved for the Ogoni Power Project Phase 1 budget, he stated.<\/p>\n In addition to presenting four memoranda, the Minister of Transportation, Mu\u2019azu Sambo, noted that while three of the presentations took the form of PPP agreements, the fourth was intended to improve the Nigeria Ports Authority\u2019s operations (NPA).<\/p>\n The first to be approved is in relation to the award of contract to Messrs Tenece Professional Services Limited for the upgrade of the Nigerian Ports Authority data center, its servers, storage, and business continuity, for a total of N1,787,203,792.65, inclusive of 7.5% VAT, with a completion period of six months, he said.<\/p>\n Sources. Vanguard News.<\/p>\n Content created and supplied by: Ebenezer007 (via Opera \n , . , . () , , , , , , , , . \/ , and\/or . , , and\/or , and\/or <\/span> The sum of N13,321,742,038.83 has been granted by the federal government for group life insurance for the 318,319 officers and men of the Nigerian Police. This is in light of the Federal Executive Council\u2019s (FEC) approval of a total of N273,933,143,027 yesterday for a number of contracts spanning the ministries of Works and Housing, Environment, […]<\/p>\n","protected":false},"author":1,"featured_media":1268773,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3888],"tags":[],"class_list":["post-1268772","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nigeria-news"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1268772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1268772"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1268772\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1268772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1268772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1268772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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