Punch Newspapers punchng.com 03 Aug, 2022 20:15 am

FEC approves $2.59bn for Badagry Deep Seaport project

FEC approves $2.59bn for Badagry Deep Seaport project
The Federal Government, on Wednesday, approved the sum of $2.59bn for the development of the Badagry Deep Seaport project under a Private-Public Partnership.

“The project cost as contained and approved in council based on the final business case as approved by the Infrastructure Concession Regulatory Commission in line with extant laws stood at $2.” On his part, the Minister of the Federal Capital Territory, Mohammed Bello, revealed that the council approved a sum of N2.6bn Badagry deep seaport contract “In addition to that, Council also approved supply of various security gadgets and accessories to support security agencies in the FCT and the company providing these items is Messrs E&S Technical Limited at the total sum of N847,139,764.The Minister of Information and Culture, Lai Mohammed, who spoke on behalf of the Secretary to the Government of the Federation disclosed that the Council has approved N810.

In finance, the council also approved the National Monitoring and Evaluation Policy.“The council approved the memo.

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