Nigeria: 20 Projects, Policies Approved By Nigeria's FEC At Two-Day Meeting

A presidential aide, Bayo Onanuga, on Tuesday, shared a summary of 20 key projects and policies approved by the Federal Executive Council at its two-day meeting which ended on Tuesday.

1. Council supported a series of initiatives set to be launched that will revolutionize Nigeria's Infrastructure and Housing sector through Public-Private Partnerships 2. FEC approved that all users of Federal airports all over the country must now pay tolls at the gates. No one is excluded. The President and Vice President of Nigeria will also pay the toll.

6. Council approved Special Purpose Vehicle to be created on a PPP basis to develop 90,000 kilometres of fibre optic cable to increase Nigeria's internet connectivity by 60-70 percent. The SPV intends to copy the NLNG model. 10. Council approved the award of contract to Messrs El & Matt Nigeria Limited to upgrade Kwaita-Yebu Road in Kuala Area Council of Abuja at a cost of N7.6 billion. Completion time is 18 months.

14. Messrs Yuan Resources Limited was awarded the concession to deploy a revenue assurance platform under PPP arrangement in the lottery and gaming sector. The concession which will be for 15 years, will be done via DFBOT option, which means Design, Finance, Build, Operate and Transfer.

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