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Home Business News Business

FEC approves N10.5 billion for Airport Management Solution for Lagos, 4 other international airports

William Ukpe by William Ukpe
April 1, 2021
in Business, Business News, Politics
FG approves N8.49billion to procure COVID-19 testing Kits, others
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The Federal Executive Council (FEC) approved the sum of N10.5 billion to supply Airport Management Solution to Nigerian international airports at Lagos, Abuja, Kano, Port Harcourt and Enugu.

This was disclosed by the Minister of Aviation, Hadi Sirika at the end of the Council meeting, chaired by Vice-President Yemi Osinbajo in Abuja on Wednesday. The Minister disclosed that the project would be completed in 12 months and subject to 7.5% Value Added Tax (VAT).

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“Today in Council, the Ministry of Aviation had a memorandum that was approved and this is a contract for the provision of Airport Management Solution for the international airports of Abuja, and that of Lagos and Kano, Port Harcourt and Enugu. It is awarded in the sum of N10,594,057,618.20,” Mr Sirika said.

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Tags: Federal Executive Council (FEC)Nigerian international airports
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

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Comments 1

  1. Emmanuel says:
    April 2, 2021 at 1:53 pm

    Do we have information on when the open tender and the necessary due processes for this contract was done?

    Reply

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