BREAKING: Again, Buhari Approves $61.5million, N16billion Last-Minute Power Projects

BREAKING: Again, Buhari Approves $61.5million, N16billion Last-Minute Power Projects

The Minister of Power, Abubakar Aliyu, who also confirmed this, said $6million and the onshore component of N145m, inclusive of all the taxes, was for the procurement of transmission line materials for re-conductoring works for the Transmission Company of Nigeria.

President Muhammadu Buhari at the Federal Executive Council Wednesday approved $61,500,000 and N16,733,500,000 for procurement of transmission line materials and award of contracts for sub-stations in some parts of the country.
The Minister of Power, Abubakar Aliyu, who also confirmed this, said $6million and the onshore component of N145m, inclusive of all the taxes, was for the procurement of transmission line materials for re-conductoring works for the Transmission Company of Nigeria.
The minister added that the FEC also awarded contract for the construction of 15 kilometre turn in, turn out line of the existing Akure-dAdo-Ekiti 132 single-circuit transmission line at Akure 330, 132, 33 sub-stations of TCN at the cost of $2.5m with an onshore component of N988.5.

“The last memo which has five projects on it sought to design, supply and install 132 32kv sub-station and transmission lines across different locations in the country for TCN in favour of several contractors in the total $53m; this is the offshore; then the onshore is N15.6bn.”
Gists9ja on Saturday had reported that the Buhari-led government with barely a week to handing over was involved in last-minute contracts worth N3.7trillion amid general suspicion by the ministers to use the contracts as conduits to siphon public funds.

It was learnt that President Muhammadu Buhari and his ministers made these appointments and entered into the contracts between March 20, 2023 and May 14, 2023, following the conduct of presidential and governorship elections, which produced Bola Tinubu of the All Progressives Congress as “President-elect” and a total of 28 governors, 16 of whom will take over from their predecessors, who will complete their constitutionally approved second term in 2023.
According to analyses, over N3.7trillion in contracts were awarded between March 20 and May 14, 2023.
The Federal Executive Council approved N453.90 billion for the acquisition of rolling stock, operation and maintenance equipment for the under construction Kano-Maradi standard gauge rail line on March 23.
On the same day, the FEC approved N5,157,265,770 for the construction of 192 flats for officers and men of the National Drugs Law Enforcement Agency, as well as $984.7 million for the procurement of maintenance equipment for the Nigerian Railway Corporation.

Various contracts worth N210 billion were approved during the FEC meeting on March 29, 2023, for the provision of various infrastructure, including free Internet services at 20 of the country’s airports, 43 higher education institutions, and 20 markets across the country. A breakdown of the contracts revealed that N95.98 billion was approved for various road projects, while N59.78 billion was approved to continue the ongoing Ogoni clean-up.

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