Business News
FEC Okays N5.72 Billion For NDIC Offices
NDIC Managing Director, Umaru Ibrahim
The Federal Executive Council on Wednesday approved a total of N5.72 billion for construction and consultancy services for the Nigerian Deposit Insurance Corporation offices.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, briefed State House correspondents at the end of FEC meeting chaired by Vice President Yemi Osinbajo at the State House, Abuja.
She said that N3.23 billion was approved for construction of NDIC Zonal office in Bauchi State.
According to her, N2.49 billion was approved for consultancy services for stage three work on NDIC corporate offices in Abuja and Lagos.
The Minister of Aviation, Hadi Sirika, said that FEC approved N574 million for insurance of College of Aviation in Zaria.
He also said that N271 million was approved for perimeter fencing of Port Harcourt International Airport, which was abandoned since 2011.
On behalf of the Transportation Ministry, the Minister of Information, Lai Mohammed, said that FEC approved N718 million for the supply of land mobile security scanner for Lagos port.
-Punch
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