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Business

FG approves contracts worth over N26.7 billion for projects

FG approved contracts worth over N26.7 billion for projects under some ministries on Wednesday.

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This is a copy of the Self-Certification form govt. wants targeted account holders to fill, President Muhammadu Buhari's full speech at China-Africa Extraordinary Summit on June 17, 2020

The Federal Government has approved contracts worth over N26.7 billion for projects under some ministries. The decision was taken by the Federal Executive Council on Wednesday.

This was disclosed by the Ministers in charge of the ministries after the meeting.

The ministries involved are Information and Culture; Communication and Digital Economy, and Humanitarian Affairs, Disaster Management and Social Development.

According to the Minister of Communications and Digital Economy, Isa Pantami, disclose that the council approved about N8.98 billion for a new National ICT park in the FCT to coordinate public and private ICT hubs in the country.

READ: Lagos State Water Corporation introduces prepaid metering system

He added that the federal government would soon release the timelines for the replacement of BVN with NIN in bank accounts after his meeting with the Governor of Central Bank of Nigeria, CBN and other relevant stakeholders.

He said, “The wisdom behind the ICT Park is for it to be a center where public and private ICT hubs are going to be coordinated by the federal government of Nigeria, where young innovators with crazy and disruptive ideas will be mentored and all what they need provided for.

“We will provide enabling environment for them to utilize and come up with disruptive technologies.

“This is the first of its kind in Nigeria, we have so many parks and hubs but they are regional. This one will be central and will be a center of job creation for our teaming youths.

READ: FG approves $3 billion Port Harcourt-Maiduguri railway and $462 million Bonny deep seaport

“It will be a center where technology will be developed and incubated. It will play a significant role in reducing unemployment and the reduce the gap of un-employability.

“The Federal Executive Council has approved the memo and we are going to start of establishing it in Abuja and we hope Abuja is going to be another Silicon Valley in Nigeria.”

In his own case, the Minister of Information and Culture, Alhaji Lai Mohammed, explained that the FEC gave approval for the sum of about N9.43 billion for his ministry to complete the digital switchover, which had previously missed the deadline set for implementation.

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Mohammed said: “The ITU had two cut-off dates, one in 2017 another in 2020, where nations were supposed to completed their movement from analogue to digital. Regrettably, we were not able to make it. But with the approval of this memo today, we would be striving to switch from analogue to digital.

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READ: FEC okays FMBN’s request to purchase banking application software for N487.39 million

“We will now agree on a date for a launch in the biggest cities like Lagos, Kano and Port Harcourt. And we will start the switch off in the already switched on states.

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“The effect of the more today is that, digital switch over is now real and the economic effect of it will be the creation of hundreds of thousands of jobs in content production, channel distribution, Nollywood and Electronic appliance productions to service about 20 million Nigerian homes.”

At the end of the switch over, the Minister said the nation would have created the biggest free to air TV platform in Africa adding that he will be announcing a ministerial task force that will execute the council resolve either this week or next.

READ: Buhari orders probe of past administrations over $9 billion U.K judgment

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The Minister of Water Resources, Suleiman Adamu, said that the FEC considered and approved a memo he presented for his ministry for the implementation of Damaturu water supply scheme at the cost of N8.43 billion.

He said, “ I presented a memo for the construction of Damaturu Water Supply project in Yobe State in favour of three contractors and a total sum of N8.43 billion.”

Adamu explained that the contract for Lot A was awarded to Mallam Matari and Service Center Water Supply Project. Lot B is the construction of Water Supply at Nufakalam and Lot C Water Supply scheme at Sunsuma.

“They are all ground water or borehole projects spread over wide distance because they are covering three major cities. They will be mostly solar based and also it’s in response to the critical needs of these localities in Yobe State.

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“We hope that with this intervention, the water supply within this area will be greatly enhanced. The completion period is 24 months,” he added.

What you should know

  • Physically present at the meeting were Vice President, Yemi Osinbajo, Secretary to the Government of the Federation, SGF Boss Mustapha and Chief of Staff to the President, Ibrahim Gambari.
  • Ministers physically present were the Attorney General of the Federation, AGF and Minister of Justice, Abubakar Malami, Finance, Zainab Ahmed, Science and Technology, Ogbonnaya Onu, Interior, Rauf Aregbesola, Power, Sale Mamman, and Minister of State-Petroleum, Timipre Sylva.
  • The Head of Service of the Federation, Dr. Folasade Yemi-Esan and other Ministers participated from their various offices in Abuja.

Abiola has spent about 14 years in journalism. His career has covered some top local print media like TELL Magazine, Broad Street Journal, The Point Newspaper.The Bloomberg MEI alumni has interviewed some of the most influential figures of the IMF, G-20 Summit, Pre-G20 Central Bank Governors and Finance Ministers, Critical Communication World Conference.The multiple award winner is variously trained in business and markets journalism at Lagos Business School, and Pan-Atlantic University. You may contact him via email - [email protected]

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Business

Lagos seals 35 building sites after visits to Magodo, Ogudu, Eti-Osa, others

This enforcement of its physical planning laws is being carried out by LASBCA and the LASPPPA on behalf of the state government.

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Sanwo-Olu announces Lekki/Ikoyi toll gate to fully go cashless

The Lagos State Government has commenced the massive enforcement of its physical planning laws to prevent building collapse and illegal developments, as it sealed 35 building sites for various contraventions.

This exercise is being carried out by the Lagos State Building Control Agency (LASBCA) and Lagos State Physical Planning Permit Authority (LASPPPA) on behalf of the state government, with the team visiting several construction sites and buildings in Eti-Osa, Magodo, Ogudu, Gbagada Phase II and several other Local Government Areas.

According to a report from the News Agency of Nigeria (NAN), this disclosure was contained in a statement issued by Mr Gbadeyan Abdulraheem, Spokesman for LASBCA, on Tuesday, March 2, 2021.

He said the enforcement was to prevent haphazard construction from preliminary stages and to stop distressed buildings from causing havoc.

Abdulraheem said the enforcement team was led by Mr Gbolahan Oki, the General Manager of LABSCA. He added that LASBCA sealed a distressed building at No. 33 Oko Baba Street, Ebute Metta and dispersed children using the building as a school.

Oki said 35 sites were sealed for various contraventions including illegal demolition, construction without permit and failure to obtain necessary authorisation from LASBCA and LASPPPA.

Oki said, “The enforcement drive will be a continuous exercise.’’

The general manager appealed to Lagos residents to follow proper channels in processing their construction works and obtaining necessary permits from the state government.

He said the Governor Babajide Sanwo-Olu administration was committed to ensuring that buildings in Lagos state were designed, constructed and maintained to high standards of safety so as to avoid loss of lives and property, through the existing building regulatory system.

Oki said LASPPPA’s role was to ascertain and validate the approvals obtained by the various construction sites visited, as well as monitor layouts and development schemes.

He added that LABSCA, on the other hand, was for the identification of distressed and non-conforming buildings and inspection/certification of various stages of building construction works.

What you should know

  • The Lagos State Government has for several months been on an enforcement drive of the state’s physical planning laws, so as to restore order and prevent the distortion of the ecosystem of the entire state and preserve the environment.
  • This has led to the demolition of illegal structures that either did not get approval or did not conform to the approved building plan or physical planning laws in such areas as Lekki Phase 1, Ikoyi, Magodo, Ogudu GRA, Ajao Estate, Ikeja and so on.

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Business

Nigeria signs pact with Morocco’s OCP Group to aid fertilizer production

The pact is expected to utilize Nigerian gas and Moroccan phosphate to produce 750,000 tons of ammonia and one million tons of phosphate fertilizers.

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Nigeria has signed a pact with OCP Africa to aid the second phase of the Nigerian Presidential Fertilizer Initiative in Morocco. The pact was signed by the Nigerian delegation led by the Minister of State for Petroleum, Timipre Sylva and officials of Nigeria Sovereign Investment Authority (NSIA).

This was disclosed in a statement issued by NSIA and seen by Nairametrics on Tuesday.

This is expected to utilize Nigerian gas and Moroccan phosphate to produce 750,000 tons of ammonia and one million tons of phosphate fertilizers annually by 2025.

To achieve the 750,000 tons target, a number of agreements were signed between OCP Africa, the Fertilizer Producers and Suppliers Association of Nigeria, and the NSIA in order to commit to the second phase of the Nigerian Presidential Fertilizer Initiative.

Similarly, a Shareholders’ Agreement was also signed between OCP Africa and the NSIA for the creation of the Joint Venture Company. This agreement would oversee the development of a versatile industrial platform that will produce ammonia and fertilizers in Nigeria.

It stated, “a Memorandum of Understanding between OCP Africa, the Nigerian National Petroleum Corporation, and NSIA was sealed. The objective of this pact is to evaluate the opportunity of an equity investment by the NNPC in the JVC and for its support on gas.”

What you should know

  • The business visit is a follow up to the industrial project which was officially launched in June 2018 following the success of the first phase of the Presidential Fertilizer Initiative supported by OCP.
  • Through these agreements, the OCP Group has confirmed its commitment to the development of sustainable and inclusive agriculture in Nigeria.
  • The project was first announced during the official visit to Morocco of President Muhammadu Buhari and it is aimed at developing a versatile industrial platform in Nigeria.
  • Recall that in 2016, OCP Group first partnered with the Fertilizer Producers and Suppliers Association of Nigeria under the Presidential Fertilizer Initiative, supported by the Nigerian Sovereign Investment Authority.
  • This collaboration stretched across the entire agricultural value chain, from the introduction of customized fertilizers adapted to local soils and crops to improving the availability of fertilizers in the local market at competitive prices.
  • The partnership also included farmer support initiatives, supply chain development projects along with the strengthening of a close distribution system.
  • These joint efforts have led to the renovation of 13 blending units and packaging for fertilizers and installation by private operators of more than 14 new factories.

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