Nebo expressed the hope that the reinforcement of the line would improve the nation’s transmission capacity and facilitate the evacuation of stranded generation from Afam and Okpai power plants
Browsing: Federal Executive Council
“After deliberations, the council approved the project in favour of Messrs Lekki Ports LFTZ Enterprise ( the project proponents ) at an estimated cost of USD1, 354, 500,000.00( one Billion, three hundred and fifty four million, five hundred thousand United States Dollars under the concession agreement dated 21st April, 2011”
The approval was granted to facilitate bridging the nation’s housing sector, the Minister of State for Finance, Yerima Lawan Ngama, told State House correspondents during post-Cabinet meeting
The minister expressed confidence that the new policy will outlive the present administration
About a month ago, the Minister of Youth Development, Alhaji Inuwa Abdulkadir, was sacked by Jonathan
The development was confirmed on Wednesday by presidential spokesman, Dr. Reuben Abati, after the weekly Federal Executive Council meeting
The breakdown of the contracts, according to the Minister of Works, Mike Onolememen, and his Minister of State, Ambassador Bashir Yuguda, who both flanked Maku, showed that contract for the reconstruction of Apapa-Oshodi Expressway in Lagos State was awarded to Julius Berger in the sum of N14.9 billion for a period of 15 months
According to Abati, some other council members are also taking part in
the lesser Hajj in Saudi Arabia
It was learnt that the meeting will likely consider the recently approved and amended 2013 Appropriation Bill as passed by the National Assembly
Each country, Maku added, is expected to profile human rights situation and what governments and communities are doing to promote the enforcement of universal human rights across the world
President Goodluck Jonathan last year inaugurated a Presidential Committee on the Restructuring and Rationalization of Federal Government Parastatals and Agencies with a view to ensure efficiency and save cost
The minister however expressed optimism that by July this year, the ongoing privatization of the sector would have been concluded, with the situation in the power sector expected to get better
She said the world over, presidents and ministers had no business awarding contracts to its citizens, stressing that there was a plan to amend the Public Procurement Act to make way for the president as chairman of the NCP
Briefing State House correspondents after the FEC meeting presided over by President Goodluck Jonathan, the Minister of Aviation, Princess Stella Oduah, noted that a lot of developments had occurred in the aviation sector over the years
The medium-term strategy, he disclosed, was developed by the Ministry of Finance in conjunction with the Debt Management Office while the Central Bank of Nigeria developed a medium-term debt management strategy, with input from the National Bureau of Statistics, the World Bank and the International Monetary Fund
The proposal is also seeking the approval of the FEC for Ministries, Departments and Agencies to ensure compliance with the provisions of the law
Mallam Bolaji Abdullahi, the Minister of Sports and Chairman, National Sports Commission, who announced this on Wednesday at the post-Federal Executive Council meeting, said government can no longer maintain the mega facilities
Kalu was reported to have blamed the security agencies for the recent series of bomb attacks in the northern part of the country, alleging that their target was to keep attracting funding from the government
The memo for the proposal, to be presented by the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, will be for Nigeria to issue $1 billion Eurobond, $100 million Diaspora bond, and N80 billion Federal Government bond
Yerima Ngama, the Minister of State for Finance, who disclosed this to State House correspondents after the weekly Federal Executive Council meeting on wednesday, said the discovery was made possible with the introduction of Integrated Payroll and Personal Information system