The Federal Executive Council approved a contract worth about N1.3bn for the design, supply, and installation of PTZ long-range tarmac camera surveillance system at the Murtala Mohammed International Airport, Lagos, and the Nnamdi Azikiwe International Airport, Abuja.
Minister of Information and Culture, Lai Mohammed, told State House correspondents that the upgrade will provide security and safety for the Federal Airport Authority of Nigeria
Mohammed said “The total sum of the contract is N1,278,594,250. This is in order to upgrade and provide security and safety for the Federal Airport Authority of Nigeria, especially to avoid incidence on the air site and runway,” he said.
He added that the council approved a contract worth 783.5 million naira for the procurement of two hydrographic survey boats for the National Inland Waterways Authority.
Minister of Industry Trade and Investment, Niyi Adebayo, on his part said the council approved N35bn for the building of a power station by the Nigerian Export Processing Zone Authority in Akamkpa, Cross River State.
Adebayo said the contract for the power station, which is to power the Calabar Export Processing Zone, was awarded to Messrs Mutual Commitment Nigeria Limited.
According to him, the exact contract sum is N35,411,119,159.47 and the contractor will finance 75 per cent of the project, which is in the sum of N26,558,339,337.10 while the NEPZA would finance 25 percent which translate to N8,852,779,792.37.
He said the council approved a payback period of 10 years for the contractor’s portion.
Adebayo said on completion after 11 months, the plant would be operated by the contractor for five years during which it would build local capacity to take over the running of the plant.
Barely three years after he left the All Progressives Congress, APC, for the African Democ…