FG to construct bus terminals with N142bn in zones
The federal government has announced the approval of the construction of modern bus terminals in each of Nigeria’s six geo-political zones at a total cost of n142,028,576,008.17. The Minister of Transportation, Senator Sa’idu Ahmed Alkali, disclosed this while briefing State House correspondents at the end of the Federal Executive Council (FEC) meeting, presided over by […]
FILE PHOTO: FEC Meeting
The federal government has announced the approval of the construction of modern bus terminals in each of Nigeria’s six geo-political zones at a total cost of n142,028,576,008.17.
The Minister of Transportation, Senator Sa’idu Ahmed Alkali, disclosed this while briefing State House correspondents at the end of the Federal Executive Council (FEC) meeting, presided over by President Bola Ahmed Tinubu at the Presidential Villa, Abuja.
The minister explained that the contract has been awarded to Messrs Planet Project Limited.
He said that the terminals will be sited in Abeokuta (South-West), Gombe (North-East), Kano (North-West), Lokoja (North-Central), Onitsha (South-East), and Ewu in Edo State (South-South).
Senator Alkali described the project as the federal government’s first direct intervention in road transport infrastructure beyond road construction, noting that the locations were selected for their economic viability.
He said the absence of purpose-built bus terminals to serve millions of Nigerian commuters had contributed to increased crime, road traffic accidents, and the proliferation of arms and ammunition along the country’s highways.
FEC approves N13bn, $34m for compensation, transformers
FEC also approved four major projects for the Ministry of Power as part of efforts to reform and strengthen the nation’s national electricity grid.
Minister of Power, Adebayo Adelabu, after the council’s meeting, said the measures became imperative to modernise ageing transmission infrastructure, improve supply reliability, and meet rising electricity demand across the country.
According to him, the first approval was for N13 billion for the compensation on right-of-way acquisitions under the Lagos Industrial Transmission Project, funded through a $238 million development loan from the Japan International Cooperation Agency (JICA).
The other three approvals, according to him, centred on the procurement and installation of high-capacity transformers to replace weak, overloaded and obsolete units on the national grid.
The equipment procurement is valued at $34 million, with an additional N5.2 billion for associated costs.