Connect with us

ECONOMY

FEC okays N1.7bn for consultancy on 2nd runway at Abuja airport

Published

on

Sirika inaugurates training facilities in Aviation College, Zaria

The Federal Executive Council (FEC) has approved the sum of N1.7 billion for consultancy services on the construction of second runway at the Nnamdi Azikiwe International Airport, Abuja.

Minister of Aviation, Hadi Sirika, briefed State House correspondents on Wednesday after the virtual FEC meeting anchored from the Council Chambers of the Presidential Villa.

The online meeting was presided over by President Muhammadu Buhari.

“Today in council, a memo from the Ministry of Aviation was considered; and it is the consultancy services for the construction of second runway here in Abuja.

“The contract went to a consortium of consultants for the total contract sum of N1.7 billion.

“This includes 7.5 per cent VAT and also the exchange rate for dollar component of N360 to one dollar.

“And this is what caused the seeming increase in the last estimated figure,’’ he said.

Sirika said that the consultancy part of project was for a period 12 months.

He said that a lot of work had been done in the procurement consultancy services, adding that it would be fast-tracked.

According to him, the ministry looks forward to achieving the second runway if awarded, before the end of the administration.

Chijioke Okoronkwo

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

Comments
NIGERIA DECIDES

NIGERIA DECIDES

Shell Digital Plan RESPONSIVE600x750
Shell Digital Plan RESPONSIVE600x750
GTB
JoinOurWhatsAppChannel