The Federal Executive Council rose from its weekly meeting on Wednesday with an approval of various contracts worth N33.81 billion for projects in three ministries namely Works and Housing, Justice and Industry, Trade and Investments.
According to him, the augmentation was for N9.446 billion, an increase, which brings the contract price to a total of N16.924 billion. Similarly, the council approved the rehabilitation of the Uturu-Isikwato-Akara Road in Abia State at the cost of N13.624 billion, to 18th Engineering Company with a 246month completion period.
“As you’re all aware, constant power supply as well as provision of other infrastructure like roads is very important for the functioning of the Special Economic Zones and as a result of that, which Council approved the contract that I had previously mentioned. We are hopeful that once the Special Economic Zone is functional, it will generate employment for about 3,500 Nigerians in the short term, and in the long term, it will provide employment for about 10,000 Nigerians.