ABOUT $8.29 million (or N6,156,168,822, using the official exchange rate of N380 to $1) was yesterday approved for the execution of various electricity projects in the country.
The approval was made during the Federal Executive Council (FEC) meeting which was presided over by President Muhammadu Buhari at Presidential Villa, Abuja.
According to him, the projects, procurement of equipment and manufactures as well as designs are for the upgrade of the nation’s electricity facility and improvement of power supply across the country.
“The Federal Executive Council today approved six memos under the Ministry of Power. The first one is the award of a contract for design, manufacturing and supply of critical spare parts for Crompton Greaves 330 kV, 132 kV and 33 kV circuit breakers to Messrs. Legen Engineering Nigeria Limited in the sum of N298,339,887.04.
The second one is the award of the contract for the procurement of 50 sets of 400 AH battery banks, 30 to 50 volts and 30 number of 110 volt battery charges for the substation used by the TCN in favour of Messrs. DTS Transformers Electric Industry Limited at the sum of N644,805,953.10. The third award of contract is for the procurement of 50 cent also of 132 kV isolators for the TCN in favour of Messrs. Leading Diagonal Engineering Nigeria Limited in the sum of $840,650 plus N53,900,000 within the delivery period of six months…,” he said.
The 44th virtual FEC meeting, which held at First Lady’s Conference Room of State House had Vice President Yemi Osinbajo, Secretary to Government of the Federation, Boss Mustapha and Chief of Staff to the President, Prof. Ibrahim Gambari in attendance.
But ministers that physically attended were Minister of Information and Culture, Lai Mohammed, Minister of Finance, Zainab Ahmed and Minister of Justice and Attorney-General of the Federation, Abubakar Malami.
Others were Ministers of Industry, Trade and Investment, Adeniyi Adebayo and that of Power, Mamman Saleh. The Head of Service of the Federation, Dr. Folasade Yemi-Esan and other Ministers participated in the weekly cabinet meeting from their various offices in Abuja.