The Vice President of Nigeria, Prof. Yemi Osinbajo during the Federal Executive Council (FEC), meeting approved the variation in the sum of the contract for East-West road project sections 1-4 from Warri to Port Harcourt, Eket, Oron, by N260 billion, bringing the total amount required for it to N506 billion.
READ ALSO: Nigeria Lost 120 Million Barrels Of Crude Oil To Oil Thieves In 9 Months
iBrandtv gathered that the initial cost for the sections was about N246 billion.
The variation was agreed during the council’s meeting at the Presidential Villa, Abuja, presided over by Yemi Osinbajo, on Wednesday.
The council approved another N140 billion worth of contracts for the rehabilitation, construction and reconstruction of some other roads in different parts of the country.
The spokesman of the Vice President, Laolu Akande, who spoke with newsmen disclosed that the variation followed a memorandum presented to the council by the Minister of Works and Housing, Babatunde Fashola, as part of efforts to provide succour and resolve issues around the recent floods.
The presidential aide said, “He got approval for the variation order in respect of repair works on the East-West road project affected during the recent flooding occurrences in the Niger Delta.
“So, the approval was for a variation order for the East-West road project sections 1-4 from Warri to Port Harcourt, Eket, Oron, including Oron-Eket bypass in the sum of N260 billion, thereby increasing the total contract sum for the outstanding sections 1-4 of the East West road projects from the sum of formerly of N246 billion now to N506 billion. The memo was approved.”
Fashola also got FEC’s nod for the award of contracts for the urgent repairs and special general maintenance of some roads nationwide.
These included: the construction of Gogora Guru road in Yobe State in the sum of N40bn, with completion time of 36 months; the rehabilitation of the 90 kilometre Buni Gari Gulani road also in Yobe state in the sum of N4bn, with a completion period of 36 months.
READ ALSO: Why Cross River Industries Operate Below 30% Capacity- MAN
Approval was also given for the urgent repairs and the reconstruction of Water Cooperation Drive at Trinity Avenue, Victoria Island, Lagos State, in the sum of N2 bn with a completion period of 36 months.
Similarly, approval was given for the award of contract for the dualisation and reconstruction of the Kano-Kwanar-Ganja-Hadejia road in Kano and Jigawa states in the sum of N94bn, inclusive of 7.5 percent VAT, with a completion period of 24 months.
