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Fed Govt to Borrow $78 million from France for Water Projects

By on November 7, 2012

 

THE Federal Government is to receive a $77.73 million loan from the French Development Agency (AFD) to co-finance the second National Urban Water Sector Reform Project (NUWSRP2) in Cross River and Lagos states.

 

According to a memo by the council, the Co-ordinating Minister of the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala, will present the matter for consideration to the Federal Executive Council (FEC) today.

 

Also at the FEC’s meeting, the government in a bid to boost the collection of Value Added Tax (VAT) is expected to award a N600 million contract for the purchase of Direct Data Capture Machine.

 

 

According to the memo, first on the meeting’s agenda is “the revision of the contract sum for the procurement of Direct Data Capture Machines to enable the payment of VAT amounting to $3,750,760 on the importation of the Direct Data Capture Machines.”

 

The FEC will look into the demands made by the Minister of Interior on September 21, to increase the contract price of foodstuff to be supplied to prisons across the country.

 

The Minister of Aviation is expected to present “contract for the augmentation of per/post contract consultancy services for the improvement of power supply to the Murtala Muhammed International Airport, Lagos.”

 

The contract for the construction of the Sagbemi-Kirigbo-Gada-Igbekibo road in Ondo State is awaiting approval, as well as the endorsement of the President’s anticipatory approval for the ward of contract in respect of 28 infrastructure development projects for the Niger Delta Development Commission (NDDC).

 

Also on the agenda of the meeting is the Minister of Works’ augmentation of contract NO 1793 for the dualisation of the Ibadan-Ilorin road section 1 Ibadan-Oyo road in Oyo state, rehabilitation of slip roads at Upper Iweka interchange in Onitsha Anambra state under contract number 6134.

 

Also on the Agenda is addendum No 2 for the extension of the service lanes from KM0+000 (River Niger Bridge Head, Onitsha) to KM1 +000.

One Comment

  1. Nura

    November 7, 2012 at 12:48 pm

    Don’t 4get d other states