FEC Approves N2.923bn for Oil, Gas Facilities in Cross Rivers

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Simonson Harry

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Apr 21, 2020
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  • Okays N896.9m for Anambra bridge, N623m for NCS computers

The Federal Executive Council (FEC) yesterday approved N2.923 billion contract for the provision of infrastructure for the manufacturing of oil and gas components at Odukpani, Cross River State.

Briefing reporters after the virtual FEC meeting in Abuja, the Minister of State for Petroleum, Chief Timipre Sylva, said the total contract sum of N2,923,480,976.70, including tax, was awarded to Messrs Kinetic Electro-Mechanical Limited with the completion period of 15 months

Sylva, who said the project would serve as an additional infrastructure facility for the manufacturing of oil and gas components in National Oil and Gas Park, added that upon completion, the project would boost capacity in oil and gas sector, provide job opportunities for Nigerians and boost economic activities in Odukpani.
 
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