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FG APPROVES N267M FOR 25-YEAR NATIONAL PORTS MASTER PLAN

By NBF News
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By Ifeyinwa Obi
The Federal Government has approved N267 million contract for consultancy services to develop a 25-year National Ports Master Plan for the Ministry of Transport and the Nigerian Ports Authority (NPA).

The Federal Executive Council which approved the sum last week, also approved about N102 billion for the execution of contracts in the ports, gas and petroleum training institutions.

The contracts include the construction of strategic gas supply pipelines in Obiafu/Obrikum in Rivers State and Oben in Edo State at a total cost of N90.7 billion, provision of consultancy services for the development of a 25-year National Ports Master Plan for the Ministry/Nigerian Ports Authority (NPA) and the setting up of Information Communication Technology (ICT) centers in educational institutions spread across different parts of the country.

Minister of Information, Mr. Labaran Maku, alongside his Transport counterpart, Senator Idris Umar, told journalists that contract for the construction of strategic gas supply pipelines in Obiafu/Obrikum in Rivers State and Oben in Edo State was awarded to two companies with a duration of 24 months.

Upon completion, the pipelines would facilitate gas supply to power plants, especially the ones located in the South and thereby improve power supply. The first contract was awarded to Nestoid Company in the sum of N19.25 billion and $192.5million while the second was awarded to Oil Serve Limited in the sum ofN29.5 billion and $83.92 million.