The Federal Executive Council (FEC) meeting presided over by Vice President Yemi Osinbajo on Wednesday approved N5.72 billion for the construction of offices for the Nigeria Deposit Insurance Corporation (NDIC).
Out of the N5.72 billion approved by FEC, N2.49 billion was for consultancy for stage three work on the NDIC corporate offices in Abuja and Lagos, while N3.23 was earmarked for the construction of NDIC zonal office in Bauchi.
This was disclosed by the Minister of Finance, Budget and National Planning, Zainab Ahmed, while briefing State House correspondents at the end of FEC meeting.
Read also: Time to move on, Buhari counsels PDP
The Minister of Aviation, Hadi Sirika, while briefing the media after the meeting, said that FEC approved N574 million for insurance cover for the College of Aviation in Zaria.
Speaking further, Sirika said that N271 million was also approved for perimeter fencing of Port Harcourt International Airport, which was abandoned since 2011.
The Minister of Information and Culture, Alhaji Lai Mohammed while briefing on behalf of the Minister of Transportation, revealed that FEC approved N718 million for the supply of land mobile security scanner for Lagos Port.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
FEATURE: Ogun residents, waste collectors trade blames, as refuse litter environment
TIJANI ABDULKABEER, a journalist from the University of Ibadan, during a recent trip to Sango Otta, Ogun State took a look...
INVESTIGATION: How online fraudsters siphon victims’ funds through ‘SportyBet’ platform
As Nigeria transits into a cashless society, the evolution also creates opportunities for internet scammers to take advantage of unsuspecting...
SPECIAL REPORT: Enugu govt watches as waste takes over state, threatens public health, environment
In this report, Arinze Chijioke looks at how delays in evacuation of waste in Enugu State encourages indiscriminate waste disposal, its health implications, and how...
SPECIAL REPORT: Illegal miners degrade Ekiti community, engage in child labour
The activities of illegal miners in a community in Ekiti State have caused degradation of the environment, as miners engage...
SPECIAL REPORT: Inside the illegal trading of forest woods in Cross River community
“With a N20,000 bribe, an external buyer can influence the youth in host communities , Cross River State, to cut...