FG approves N87.4 billion for construction of Minna-Kontagora highway
The Federal Executive Council (FEC) has approved N87.4 billion to construct section one of the Minna-Zungeru-Regina-Kontagora highway.
Works and Housing Minister Babatunde Fashola disclosed this while briefing State House correspondents at the end of the council meeting presided over by President Muhammadu Buhari on Wednesday in Abuja.
Mr Fashola disclosed that the highway project was one of the four memos approved for the ministry by the FEC.
He said the highway project, approved in favour of a joint venture, DeValco HMF Construction, would be funded as previously approved in 2021 under the Tax Credit Scheme.
The second memo was presented to the council on behalf of the Federal Roads Maintenance Agency for the award of a contract for the construction of the Isheri North Road in Lagos that connects Ogun.
He said the contract was approved in favour of Acute Option Limited with a contract value of N2,104,483,739.
He stated that the FEC also approved pension payments for members of staff of the now-defunct Federal Mortgage Finance Limited.
“This stood at N4,774,517,205 with an additional N41.96 million,” he added.
Also, the Minister of Information and Culture, Lai Mohammed, expressed regrets about the unfortunate incident in Zamfara where air strikes by the Air Force accidentally killed some citizens while targeting bandits.
(NAN)
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