The Federal Executive Council (FEC), yesterday approved $15.44 billion for contracts in the Transportation and Petroleum Resources Ministries.
The virtual meeting, presided over by Vice President Yemi Osinbajo in Abuja, also sanctioned other contracts presented to it by the Ministries of Education and Power.
On the approvals for the Ministry of Transportation, the minister said besides the Lagos-Calabar coastal line, funding for the Kano-Jibia and Lagos-Maiduguri rail lines also got the green light for immediate commencement of work. He added: “The second memo also dealt with the award of contract for the building of two blocks of social science complexes at Adamawa State University in Mubi for a total sum of N1,103,000,000, which was a TETFUND allocation that emerged from year 2017 through 2021.”
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