FEC approves $2.59bn for Badagry Deep Seaport project

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 71 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 63%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

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 Minister of Transportation, Mu’azu Sambo, disclosed this to State House Correspondents shortly after the Federal Executive Council meeting chaired by the President, Major General Muhammadu Buhari , at the Council Chambers of the Presidential Villa, Abuja.

The minister said, “I presented a memo today at council with respect to the development of the Badagry Deep Seaport under the public-private partnership arrangement, where the private sector will inject money for the development of the port and at the end of the concessionary period, the port reverts to the Federal Government of Nigeria through the Nigerian Ports Authority.

On his part, the Minister of the Federal Capital Territory, Mohammed Bello, revealed that the council approved a sum of N2.68bn for the procurement of 60 utility vehicles and security gadgets and accessories for the city’s security.“Today at the Federal Executive Council, I presented a memo for the procurement of utility vehicles, and security gadgets and associated accessories to support the security agencies operating within the Federal Capital Territory.

Mohammed explained that the ICPC requires new vehicles as it has expanded its scope of operations, opened bases in more states and increased its number of personnel. “As you know, the ICPC, today, has also taken over supervision of consistency in projects. The memo request was approved and is to Messrs. Kaura Motors Limited,” he explained.Explaining the significance of the approval, the Minister of Finance, Budget and National Planning, Zainab Ahmed, said the policy defines a framework for the institutionalisation of monitoring and evaluation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Why badagry?.. why not Waterside in Ogunstate?

And we are still at home Act fast on this asuu strike MBuhari Our days are counting

OG_Dreamville Wow! congratulations to lagos nd Nigeria, 🤔Before the completion of Lekki deep sea port

Abeg pay ASUU money na

Why govt investment in port again why not PPP you owe asuu and you are approving about 3 billion dollars for deep sea port are we really meant for this world?

Try us for your counting machine 08039551237

Stories , we don hear am for so many times , they never implement it , una don finish the road wey start 4 over 10 years now ?

Is it only Lagos that has the capacity for a port? Are there no existing ports and potential ports in the south south and south east or even in the north?

More and more seaport to Lagos pls does water not pass any other state other than Lagos.🤨

Mmm

Money approved is not money released

But no money for ASUU!! SenNgige is only good at stealing elections. BuhariMustGo BuhariIsAFailure APCNigeria Association of Professional Criminals. Calling them politicians would be a gross exaggeration and a definite representation of our present calamity.

Must all the seaports be in Lagos?

Lol Place where no get road but dey wan do seaport

And ASUU is still there unattended to.....

What of Ibaka deep seaport in Akwa Ibom State?

What’s going on in Nigeria 🇳🇬 Like This oo

Why all this foolish people no get money for ASUUStrikeMustEnd ASUUstrike

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FG concessions Badagry deep seaport at $2.59bnThe Federal Government has approved a concession arrangement for Badagry deep seaport at a cost of $2.59 billion. The approval was finalised following a Late hours work Badagry how market,hope una eyes go open now?.... Buhari should stop wasting Nigeria money. 70% of Nigerian population going to bed HUNGRY in the midst of N40TRN Dept. Buhari is a wicked/ruthless old dog
Source: DailyPostNGR - 🏆 11. / 59 Read more »

BREAKING: FEC okays development of $2.59bn Badagry deep seaport | TheCableThe federal executive council (FEC), on Wednesday, approved the development of the Badagry deep-sea port. Only Lagos! What about the SS? Lagos has TIN CAN, APAPA and Lekki, now Badagry. Why not Akwa ibom This should have been done long ago
Source: thecableng - 🏆 2. / 80 Read more »

BREAKING: FEC okays development of $2.59bn Badagry deep seaport | TheCableThe federal executive council (FEC), on Wednesday, approved the development of the Badagry deep-sea port. Only Lagos! What about the SS? Lagos has TIN CAN, APAPA and Lekki, now Badagry. Why not Akwa ibom This should have been done long ago
Source: thecableng - 🏆 2. / 80 Read more »

FG concessions Badagry deep seaport at $2.59bnThe Federal Government has approved a concession arrangement for Badagry deep seaport at a cost of $2.59 billion. The approval was finalised following a Late hours work Badagry how market,hope una eyes go open now?.... Buhari should stop wasting Nigeria money. 70% of Nigerian population going to bed HUNGRY in the midst of N40TRN Dept. Buhari is a wicked/ruthless old dog
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Lekki Deep Seaport Now At 95% Completion StagePlans for the commissioning of Lekki deep seaport by September, 2022 is gathering momentum as the management of the seaport, yesterday, announced that the
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Lekki deep seaport to start operations before end of 2022, says Management | TheCableThe management of the Lekki deep seaport says the project is now at the 95 percent completion stage. The promoter said this in a series of tweets on Monday. The
Source: thecableng - 🏆 2. / 80 Read more »