Nigeria to spend N581 million to fortify waterways
The Federal Executive Council (FEC) meeting on Wednesday approved N5.4 billion for construction of Oil and Gas parks and indoor shooting range. The Minister of State for Petroleum, Timipre Sylva, and the Minister of Aviation, Hadi Sirika, briefed State House correspondents at the end of FEC meeting chaired by President Muhammadu Buhari at the Presidential Villa, Abuja.
Sylva said FEC approved N3 billion for Oil and Gas parks in the Niger Delta region. According to him, the parks are to support the development of Oil and Gas tools. He said that the parks will create additional 1000 jobs and improve security in the region. The Minister of State for Transportation, Gbemi Saraki, said FEC approved 300 buoys for River Niger, between Lokoja and Onitsha.
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The contract, she said, would cost N581m. Saraki said, “The memo that was approved by the council on behalf of the ministry of transportation was for the purchase and installation of 300 buoys on the River Niger for the Nigerian waterways.
“It’s actually a repeat procurement; the first one was done in 2017 -2018, which was from Baro to Onitsha. And this time, we are taking it from Onitsha to Lokoja. It is much more; this is 300; that was 200. It is obviously to ensure that our waterways are navigable for all the vessels that will run the ports that go through.”