Headlines
FEC approves $4.7bn Ondo, Snake Island, Burutu ports development
FEC approves $4.7bn Ondo, Snake Island, Burutu ports development
The Federal Executive Council (FEC) has approved port development projects worth $4,713,841,477 in Delta, Ondo and Lagos States.
The approval was given during the weekly FEC meeting presided over by President Muhammadu Buhari on Wednesday at the Presidential Villa, Abuja.
Minister of State for Transportation, Prince Ademola Adegoroye, told State House correspondents that the council gave the authorisation for the development of Ondo Multi-Purpose Port in Ilaje, Snake Island in Lagos State and Burutu in Delta.
According to him, the projects which are to be executed through Public-Private Partnership (PPP) arrangements at no cost to the Federal Government, will be financed by private firms and to be operated for 45 and 50 years.
He said the Ondo port would cost the private developers the sum of $1,480,465,253 and would be concessioned for a period of 50 years.
The accruals to the concessionaire and the Federal Government are expected to be $50 billion and $ 2.6 billion, respectively.
Read Also: FEC approves N24.2bn for free internet at airports, varsities
“The Burutu port will cost $1,285,005,818; concessioned for 40 years, with the concessionaire and the Federal Government expected to reap $125 billion and $9 billion, respectively.
“The Snake Island Port will gulp $974,185,203 and be concessioned for 45 years with the concessionaire and the Federal Government receiving $18 billion and $5.23 billion, respectively in accruals within the period,” he said.
Also addressing the correspondents on the outcome of the meeting, the Minister of State, Power, Mr Jerry Agba, said that the council approved N140million as argumentation for the procurement of 33 KV circuit breakers and 120 numbers of surge arrestors for systems used for Transition Company of Nigeria.
He said, “You know, we are bent on providing improved services of electricity to Nigerians.
“TCN is the main body that has to do the transmission. You know generation and distribution are in private hands now so government is only responsible for transmission.
“So, most of the equipment have become obsolete over the years which is why you have break in transmissions, low power supplies and outages here and there.
“With these refurbishments and new procurements, we should be able to improve services and see power supply get better by the day.”
Agba further disclosed that the council approved N1.5billion as augmentation for the construction of the Dukanbo Shonga 132 KV double circuit transmission line in Kwara as the line had been down for several years.
“So, with this procurement, we should be able to revamp the station and you know it is an agro-based area, that’s the area which services the Bacita farm.
“The Shonga Farms Limited and the whole of that area had been in darkness for a long time.
“With this procurement, we hope that in two months, we should have full power supply to those areas and restore farming and processing activities in that area. The cost is N1.5 billion,” he stated.
Agba also assured that the epileptic power supply witnessed in recent times in different parts of the country would soon be a thing of the past.
FEC approves $4.7bn Ondo, Snake Island, Burutu ports development
President Bola Tinubu, on Tuesday arrived in Katsina to receive the remains of the former President Muhammadu Buhari, who passed away in London on Sunday at the age of 82.
Just hours before the burial of former President Muhammadu Buhari, heartfelt tributes have continued to pour in from beneficiaries of his many charitable deeds, with many describing him as a man who never turned his back on the needy.
Speaking to the News Agency of Nigeria (NAN) on Tuesday, Aminu Daura, a respected community elder, recalled how Buhari consistently provided foodstuffs during Ramadan for families, friends, widows, and orphans in his hometown.
“He never made noise about it, but many homes had food on their tables during fasting period because of him,” Daura said.
Abdullahi Sani, a physically-challenged man who received a tricycle from the Buhari Foundation in 2021, was overcome with emotion while speaking to NAN.
“I can move around and feed my family today because of Baba Buhari. I pray to Allah to reward him for giving hope to people like me,” he said, in tears.
Hajiya Fatima Yahaya, another resident, remembered Buhari’s acts of kindness during festive seasons.
“Even after he left office, his aides ensured that the usual support still reached us every year. He always remember his people,” she said, referring to his distribution of Sallah rams and food items to indigent families during Eid celebrations.
Other residents of Daura also shared memories of how the late former president quietly paid school fees and medical bills for struggling families, actions rarely publicized.
“Some of us benefited from his silent interventions. He was a true father and a great figure in the society,” said Ali Saidu.
On Monday night, Imams across various mosques in Daura held special Qur’anic recitations, praying for the forgiveness of Buhari’s sins and his eternal peace.
The Chief Imam of Daura Central Mosque, Sheikh Musa Kofar Barau, described Buhari as a humble leader whose legacy of service and compassion would remain alive in the hearts of the people.
Buhari is scheduled to be buried later on Tuesday in his hometown of Daura, Katsina State, in line with Islamic rites. The community is bracing to welcome thousands of mourners from across Nigeria and beyond.
His Majesty King Mohammed VI of Morocco has extended heartfelt condolences to President Bola Tinubu, the family of the late former President Muhammadu Buhari, and the entire Nigerian people following Buhari’s death.
In a message of sympathy, the Moroccan monarch described the passing of the former Nigerian leader as a “sad occurrence,” expressing deep sorrow over the loss.
King Mohammed VI hailed Buhari as “an illustrious leader who worked untiringly to serve his country’s best interests and lead his people toward further progress and prosperity.”
He added: “Our thoughts and prayers are with you and the bereaved. I share your grief and want you to know how much I appreciated the working sessions I had with the deceased.”
Reflecting on their bilateral engagements, the king noted that his collaboration with Buhari led to the launch of promising development projects, “ushering a new era grounded in friendship and close cooperation between our two sister nations.”
Tinubu arrives Katsina to receive Buhari’s body for burial
“He Never Turned His Back on the Needy” — Tributes Pour In Ahead of Buhari’s Burial
King Mohammed VI Mourns Buhari, Praises Legacy of Nigeria’s Former Leader
Facebook, Instagram Temporarily Allow Posts on Ukraine War Calling for Violence Against Invading Russians or Putin’s Death
Nigeria, Other West African Countries Facing Worst Food Crisis in 10 Years, Aid Groups Say
New York Consulate installs machines for 10-year passport
-
Headlines3 years ago
Facebook, Instagram Temporarily Allow Posts on Ukraine War Calling for Violence Against Invading Russians or Putin’s Death
-
Headlines3 years ago
Nigeria, Other West African Countries Facing Worst Food Crisis in 10 Years, Aid Groups Say
-
Foreign3 years ago
New York Consulate installs machines for 10-year passport
-
News10 months agoZero Trust Architecture in a Remote World: Securing the New Normal
-
Entertainment3 years agoPhyna emerges winner of Big Brother Naija Season 7
-
Headlines1 year agoNigeria Customs modernisation project to check extortion of traders
-
Economy1 year agoWe generated N30.2 bn revenue in three months – Kano NCS Comptroller
-
Headlines1 year agoPhilippines’ Vice President Sara Duterte resigns from Cabinet
