The Government of the Federation held its FEC’s meeting on Wednesday, March 13, 2024.
The FEC’s meeting was chaired by President Bola Tinubu.
During the FEC meeting, President Bola Tinubu said his government will continue to support the security agencies to free the pupils, students and other Nigerians abducted by bandits.
Mr President said, Government will not pay any ransom to the bandits.
The Council approved the award of contract for the engagement of Messrs R2U Architects as consultant for the building of NDLEA barracks in Enugu, Kano and Jigawa state.
FEC also approved Group Life Insurance for police personnel, property insurance for police buildings and barracks, aviation and marine insurance at a cost of N20.1 Billion. The insurance will be provided by Messrs Total Security Insurance Brokers and Messrs Golan Heights Insurance Brokers, leading a consortium of close to 100 brokers, with Leadway Assurance and Anchor Insurance as lead underwriters.
The Council approved the augmentation of contract for the dualisation of Obajana-Benin Road in the sum of N897.6 Billion. Contracts for the four sections of the road were first awarded in 2012 to Messrs Mothercat Nigeria Limited, Messrs CGC Nigeria, Messrs Dantata Sawoe Construction and Messrs RCC Nigeria Limited at a cost of N122 billion.
The construction of Isheri North- Ogun state road at a cost of N2.2 billion was also approved by FEC. The Road will decongest Lagos-Shagamu Expressway.
Furthermore, the FEC also approved the contract for the rehabilitation of Ebute Ero Outer Marina Shoreline in Lagos at N114.1 Billion. Completion time will be 30 months.
The council was briefed by the Minister of Agriculture and Food Security, Minister of Communications and Minister of Trade and Industry on the remarkable strides being achieved by the ministries and the country.
