Bayo Onanuga, special adviser on information & strategy to the president, on Tuesday, shared a summary of 20 key projects and policies approved by the Federal Executive Council (FEC) at its two-day meeting which ended on Tuesday.

The projects include road construction and purchase of buses while the policies were in different areas including housing, visa and digital infrastructure.

Onanuga shared the information on his X handle.

See details below.

HIGHLIGHTS OF THE FEDERAL EXECUTIVE COUNCIL MEETINGS HELD ON 13TH AND 14TH MAY, 2024

The Federal Executive Council concluded its meeting that started yesterday today, Tuesday May 14, 2024.

After exhaustive deliberations, the council approved a number of policies and projects that will further boost the economy, facilitate investments and promote the ease of doing business in the country. The under-listed are the major highlights:

1. Council supported a series of initiatives set to be launched that will revolutionize Nigeria’s Infrastructure and Housing sector through Public-Private Partnerships

The initiatives which can unlock about N2 trillion are aimed at transforming the nation’s infrastructure and housing mortgage sector, meet the urgent demand for critical infrastructure and affordable homeownership, fostering job creation, inclusive growth, and long-term productivity enhancement.

Inspired by the 1970s era, the government envisions a future where ordinary Nigerians can access 25-year mortgages at low-interest rates to realise their dream of owning a home. By collaborating with private institutional investors, the government seeks to replicate past successes and address current challenges effectively.

This strategic partnership aims to leverage the expertise and capital of private investors to accelerate the delivery of vital projects, driving sustainable development and economic progress for all Nigerians.

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.

3. The council announced a ban on sand dredging 10 kms from all Federal bridges throughout the country.

4. Council annouced a 4-week deadline for review of visa policy to enable tourists, business people, and creative professionals visit Nigeria. The ease of doing business, the council agreed cannot materialise if prospective visitors face a herculean problem getting our country’s visa. Part of the review envisaged is that visa applicants can apply for the visa online and get one within 48 hours. Also visas may be waived for holders of visas of some countries.

5. The council granted approval for the supply, installation and training of operators of disabled aircraft recovery system at Murtala Muhammed Airport in Lagos. The contract will cost N4.2 billion. Similar contract was awarded in 2021 for Nnamdi Azikiwe International Airport in 2021.

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.

7. Council approved a consultancy service for the reconciliation and expansion of the remittances to NITDA.

8. Council approved the request of the Ministry of Communications to convert the property at 324 Jackson Street, San Francisco, USA into a Nigerian Digital Technology Exchange Programme Hub. Property owned by the Nigerian government is valued at close to $7million.

9. The Federal Executive Council also approved the award of contract for the building of bus terminals and other transport facilities in the Federal Capital, Abuja. Terminals will be built within 15 months at Kugbo, Abuja Central Business District and Mabushi. The whole project will cost N51 billion and will be executed by Planet Projects Nigeria Limited, which did similar contracts in Lagos and Oyo states.

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.

11. Council approved contract for the building of the Court of Appeal Abuja Division at a cost of N37.2 billion. Project will be executed by Messrs Visible Construction Limited.

12. The Council awarded contract at a cost of N412million for street lights on Bill Clinton Drive, Airport Expressway. The job includes the procurement of 8 back-up generators, which will be powered by Compressed Natural Gas( CNG) or Solar, in line with government’s decision about migrating from fossil fuel to renewable energy. The council discussed extensively the need for this energy transition, as it is climate friendly, because of low emissions and also because it will reduce cost of transportation and inflation.

13. Council approved the request by Nigeria Customs Service to buy 200 Toyota Land Cruiser Buffalo V6 at a cost of N12.5 billion. All the vehicles will be CNG powered. Government also approved insurance cover for the vehicles at a cost of N522 million. The cover will be provided by NEM.

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.

15. Before the Monday meeting was adjourned till Tuesday, council approved several road projects. Among them was the reconstruction of Iseyin-Okeho-Iganna Road in Oyo State.

16. Council approved Section 2 of the Lagos-Calabar Coastal Superhighway for construction, at a cost of N1.6 trillion.

17. Approval was granted for the award of contract for reconstruction of Koton-Karfe -Abaji Road (Abuja bound), along Abuja-Lokoja Route in Kogi state at a cost of N89 billion.

READ ALSO: Again, Atiku faults Lagos-Calabar Coastal highway contract, insists it lacks transparency
18. On Day 2 of the FEC meeting, approval was given for the award of contract for the equalisation of Lokoja-Benin Road, Okpela Section, Lokoja-Benin, Dualised Auchi Section -Uromi Link Road and Lokoja-Benin Road, Ekpoma Section. It was on this road that a fuel tanker fell into high water recently, with villagers having to swim to rescue the occupants of the tanker. The reconstruction will be financed by BUA Cement at a cost of N120 Billion under the tax credit scheme.

19. Council approved contracts to various contractors to build roads and bridges in Kaima-Tesse, Kwara State, Benin-Agbor, BeninByepass and Ngaski-Wara in Kebbi State. All the four contracts will cost N546 billion.

20. Messrs CCECC was awarded contract at N230 billion to build Kano Bypass. The road which is 37kms long will include bridges and several flyovers. The company has 36 months to complete the work.

21. The Council approved for procurement the Sokoto-Illela-Badagry superhighway, which is meant to join the Lagos-Calabar Coastal superhighway. The road was first awarded in 1976 and then abandoned.

Governor Siminalayi Fubara of Rivers state says most of the projects commissioned by Nyesom Wike, his predecessor, were not fully paid for.

Fubara spoke on Tuesday during the commissioning of the Aleto-Ogale-Ebubu-Eteo road in Eleme LGA of Rivers.

The Rivers governor said contractors who executed projects commissioned by the Wike’s administration have started to request their balance payments.

Fubara said his administration is battling the problem of debt, adding that he is exercising restraint not to reveal certain things.

“This project was awarded at the cost of N6.7 billion, and I can say boldly that no kobo is remaining,” the Rivers governor said.

“We have paid the contractor completely without owing. The purpose of this is to let the world know that if there is one problem this administration has, it is debt.

“Most of the projects commissioned (referring to the last administration), they (the contractors) are coming for their balance payments, which are running into millions and billions.

“I have said I don’t want to talk because I am part of that system, but when they keep pushing me, I will say it.”

Fubara added that the claim that his administration is fighting with the federal government is untrue.

He noted that despite the support given to the state by the federal government, an insider is frustrating the efforts.

“I heard someone say that when we came in, we were fighting the federal government,” he said.

“If we are fighting FG, it’s a different matter. We are talking about the FG that is giving us support while there is a rat inside the house eating the bag of garri.”

Since 2023, Fubara and Wike, minister of the federal capital territory (FCT), have been at loggerheads over the political control of the state.

The rift has led to the polarisation of the Rivers state house of assembly.

While attending an event in Rivers at the weekend, Wike apologised for backing Fubara to succeed him as governor, adding that he would correct that mistake in 2027.

On Monday, Fubara said a judicial panel of inquiry would be set up to investigate the management of the state’s resources and affairs under past administrations.

Fubara succeeded Wike as governor in May 2023. He was the accountant-general under the former governor.

In May 2022, the Economic and Financial Crimes Commission (EFCC) declared Fubara and 58 others wanted over an alleged N435 billion fraud.

The Joint Admissions and Matriculation Board (JAMB) has released an additional 36,540 Unified Tertiary Matriculation Examination (UTME) results which were earlier withheld for further investigation.

Disclosing this in a statement on Tuesday, JAMB’s spokesman, Fabian Benjamin, said the latest release was in addition to the 531 results released the previous week, bringing the total results released to 1,879,437.

He also denied claims purporting to emanate from the board that the outstanding 2024 UTME results, currently being subjected to intense scrutiny by its team of experts, had been compromised on account of a cyber security breach and that it is considering rescheduling the examination.

Benjamin asked the public to disregard the report, saying it was created by fraudsters who are out to dupe the unsuspecting members of the public.

“In another development, the attention of the Board was drawn to a fictitious letter concocted by a fraudster and circulated on social media purporting to emanate from the Board stating that the outstanding 2024 UTME results, currently being subjected to intense scrutiny by its team of experts, had been compromised on account of a cyber security breach and that it is considering rescheduling the examination.

“This is far from the truth as the said letter did not emanate from the Board. In fact, a closer look at the letter, which was not signed by any person, lacked every ingredient of a letter from the Joint Admissions and Matriculation Board. The letter is, therefore, from those, who wish to destroy the integrity of the Board, by compromising its unassailable operational processes to mislead hapless candidates with the sole aim of extorting them.

“The Board reiterated, for the umpteenth time, that the results of its 2024 Unified Tertiary Matriculation Examination (UTME) and other previous years are intact, not in any cloud storage and can, therefore, not be hacked by anybody.

“It is to be recalled that at the release of the 2024 UTME, the Board had announced that some results had been withheld as they were being subjected to further investigation. Out of these, 531 results were released recently. Others found to be involved in any examination misconduct are still undergoing investigation as the Board would want to review all the footage of all CCTV cameras placed in all its accredited centres to ascertain the candidate’s culpability or otherwise,” the statement read.