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The Federal Executive Council chaired by President Muhammadu Buhari on Wednesday approved N230.2 billion N for road projects and mining data in the country.
The Minister of Information and Culture, Alhaji Lai Mohammed, and the Minister of State for Alhaji Bawa Bwari, Minister of Information and Culture, reported that the $ 206 billion was approved to link roads and badociated roads. infrastructure for the 2nd Niger Bridge connecting the states of Anambra and Delta.
Mohammed said: "Also approved today is a contract for the connecting road and badociated infrastructure for the 2nd Niger Bridge.The link road is about 11.9 kilometers. contract was awarded to Julius Berger at 206 billion naira.The bridge connects the Anambra and Delta states.
"If you remember, the contract was awarded by the last administration under an agreement of public-private partnership that failed. "
from a road in the state of Enugu.
He said:" Approval of the reallocation of the contract for the rehabilitation of the section Oji-Achi-Maku-Agu-Ndiabi in the state of Enugu.
"What happened in this road?" He said that $ 92 million was approved for engineering, supply and construction of the pipeline project of the OB3.
The Minister explained that the project had been awarded but that it was necessary to redevelop it.
He said: "The project is important because of the gas delivery of the He said the finance minister, Kemi Adeosun, also submitted three memos that were approved by the council.
He said the memos included the ratification of the multilateral agreement of competent authority on the automatic exchange of financial accounting. The Council also approved the guidelines of the policy of financial transparency
In his contribution, the Minister of State for Mines and Steel Development, Bawa Bwari, said that the Council approved N12.7 billion for exploration and consulting projects in the mining sector.
According to him, the projects will help obtain precise mining data, which will attract local and foreign investments.
He said: The challenge in the government's diversification agenda in the mining sector has been that of data.
"Today, the Federal Executive Council approved the exploration contract We offer consulting and consulting services on some of our targeted minerals such as gold, industrial minerals, earth metals, iron ore for four exploration companies and four consulting companies and this contract represents N $ 12.7 billion
We encourage local and foreign investors to come in.
"Our main challenge is Bancable data, most mining companies will not want to enter your country when they are not sure what they will encounter.
"Nigeria has the potential for minerals although we have not been known as a solid mineral destination, we have been known as a destination for oil and gas." The perception changes gradually and for us to really encourage these people to come In fact, we must really explore because you can not exploit without information and information can only be obtained through exploration.
"The government today approved for us to start with some of our targeted minerals in line with what we have in the roadmap."
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