Nigeria: Federal government grants 53.81 billion naira for roads, electricity and sugar industry
The Federal Government has approved a total of N53,052,394,598 to facilitate the construction of projects comprising of roads and bridges in various parts of the country.
The Federal Government has also approved a memorandum for the construction of a new N5,756,833,616 billion head office in Abuja, with a completion period of 24 months.
This follows the approval by the Federal Executive Council (FEC) of a memorandum from the Ministry of Public Works and Housing, which called for the provision of quality infrastructure in the four affected areas.
Minister of State for Labor and Housing Muazu Sambo, who briefed State House correspondents on the development after the council meeting chaired by Vice President Yemi Osinbajo, said the plans include border realignment of Kano State Birnin Kudu-Bauchi State border Road in the total sum of N10 133 856 109 100.
He said: “This section of the road is notorious for fatalities and the loss of several lives over the years.”
Sambo said, “The second project approved is the reconstruction of substandard breach at Pada Road in Kogi State at the amount of N4,738,135,600 with a completion period of 18 months.”
“The third project is the construction of Kaiyama Kishi Road in Oyo/Kwara States at an amount of N24,072,136,320,340 with a completion period of 36 months.”
The minister said the council further approved the reconstruction of a substandard bridge along the Ihugh-Damkori-Vandeikya-Ogoja Road General Hospital Junction in Benue/Cross River States for an amount of 4,108,266,569 Naira, with a completion period of 24 months.
He said these projects would end the threat of loss of life due to poor roads and lack of infrastructure.
According to him, the approval will also open up the communities around the project areas, adding that “they will provide access for the evacuation of goods and services and generally improve the socio-economic lives of Nigerians living in the project areas directly. and indirectly”.
During his briefing, Industry, Trade and Investment Minister Niyi Adebayo, on behalf of the National Sugar Development Council, said the council had approved a memorandum for the construction of a new headquarters. capital of N5,756,833,616 billion in Abuja, with a completion period of 24 months. .
He explained that the work of the National Sugar Development Council, a parastatal under his ministry, “is to catalyze the development of the sugar industry with a view to ensuring that Nigeria achieves self-sufficiency in sugar production and also with a view to exporting sugar in the near future.”
Meanwhile, the FEC also approved a bill to expand and improve the operability of the Code of Conduct Office and Tribunal Act, even as it adopted a report submitted by the country to the Conference of States Parties to the United Nations Convention against Corruption, which aims to educate the global community on the process of recovering and repatriating stolen assets.
The federation’s attorney general and justice minister, who disclosed to correspondents, said the two actions were taken to further strengthen the country’s anti-corruption campaigns, both locally and internationally.
“Two points have been presented by the Federal Ministry of Justice for the consideration of the Federal Executive Council. Both points are all related to what we are doing in the direction of the fight against corruption. They aim to advance the fight against corruption, both locally and internationally, at the highest level.
“The first item, which has to do with a memo, which seeks Board approval for the repeal of the Code of Conduct Office and the Code of Conduct Tribunal, is to repeal a law.”
He said the second item concerned the Conference of States Parties to the United Nations Convention against Corruption, held at the International Conference Center, Sher and Shek in Egypt, from 12 to 17 December 2021. He noted that Nigeria had sponsored an international resolution on asset recovery, among others.
“The intention of this resolution is to see how Nigeria can best achieve an international agreement regarding asset recovery by simplifying the process, ultimately ensuring that we are creating some sort of community understanding regarding the asset recovery process,” he said.