Africa Economy Report

FEC approves N1.7bn for consultancy on 2nd runway in Abuja

L-R, President Buhari, Osinbajo, Boss Mustapha at the virtual FEC meeting

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

Hadi Sirika, the Minister of Aviation, briefed the State House correspondents on Wednesday after the virtual FEC meeting.

“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 the 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 the project was for 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.

 

 

*Pmnewsnigeria

About the author

Adewale Adenrele Muhideen

Journalist ,PR, Researcher, Culture and Tourism promoter, Business Development Consultant.

Add Comment

Click here to post a comment