Categories: Food & Drink

FEC Approves N10.7b For 10 Rice Mills, N68.6b For Road Projects

The Federal Executive Council on Wednesday approved N10.7 billion for the establishment of new 10 rice mills and N68.6 billion for road projects across the country.

This was disclosed by the Ministers of State for Agriculture, Heneiken Lokpobiri, and Power, Works and Housing, Babatunde Fashola, after the Council’s meeting chaired by President Muhammadu Buhari at the Presidential Villa, Abuja.

Lokpobiri said the Council approved the 10 rice mills with the capacity to produce 100 tonnes per day, and the mills would be managed by private rice millers.
He said: “Today, the Federal Executive Council approved the establishment of 10 very large rice mills to enhance the milling capacity of rice value chain in the country.

“Few years ago, it was reported that this country needs a minimum of 100 large rice mills.
“As of today, we have about 21, but the Federal Government in its wisdom decided that today we should approve the establishment of 10 at the total cost of N10.7 billion.

“These would be given to the sector to manage, which they will be pay back within a given time frame as it would be agreed between the Bank of Agriculture and the Rice Millers.”
According to the minister, the mills will be located in Kebbi, Zamfara, Benue, Kogi, Bayelsa, Anambra, Kaduna, Ogun, Niger and Bauchi States.

Fashola disclosed that N64.108 billion was approved for additional work on 43km part of the Section one of the Lagos-Ibadan Expressway.
According to him, the new approval is to accommodate the changing factors occurring on the project and also to modify the bitumen for the road in order to withstand the heavy vehicles passing through it.

He said: “This covers glover leaves, pedestrian bridges, toll plazas for that section so as to accommodate changing nature of that road since conception. “So many new structures, religious institutions, factories, universities and increased human activities that have come up along that road.

Related Post

“The inherited design didn’t provide for all these at all. “The second section under RCC, about 80km, will come to Council to incorporate similar works including drainage works, etc when we finish procurement. ”The Minister also disclosed that N4.57 billion was approved for Sumaila-Falala-Birnin Bako-Bauchi Road, linking Bauchi and Kano States.

The Senior Special Assistant to the President on Media and publicity, Malam Garba Shehu, who also addressed correspondents on the outcome of the meeting, disclosed that N10 billion was approved to fight erosion in the country. Shehu said: “This is the fourth quarter soil erosion, flood and pollution accelerated intervention projects worth about N10 billion.

“These are projects that cover the length and breadth of the country. ”Shehu also disclosed that $460 million was approved to facilitate usage of new buildings located at main airports in the country, which could not be put to use at the beginning of this administration.

He said: “The previous administration awarded contracts for the construction of new buildings in our major airports in Lagos and Abuja and nobody can use them.
“So, government today awarded a new contract for variation and additional contracts for new passenger and cargo terminals and a lot of other works to facilitate their usage, including in the case of Lagos and Abuja improvement to enable jumbo aircraft and airbus 380 to be able to land in both cities.

“The rail terminal will be accessible from arrival hall in Abuja at the cost $460 million.” The Minister of Water Resources, Alhaji Suleiman Adamu, revealed that the council approved N93 million for erosion control in Tambuwal Local Government Area of Sokoto State.

Adamu said the council also approved N1.57 billion as payment for all the outstanding liabilities to the contractor that executed the Azare-Jere water project, which he noted was a spill off from the Gurara Dam pipeline water transfer project.




  • simon monday

    Recent Posts

    Heart Attack Causes and its Solution

    What is the Main Cause of a Heart Attack? What is its Solution? A heart attack is the blockage of… Read More

    11 months ago

    Understanding the Debt Ceiling: Its Impact, Importance, and Implications

    In the vast economic arena, one term that often takes center stage, inciting extensive debates and discussions, is the "debt… Read More

    1 year ago

    De-Dollarization: The New World Order of Currency and Its Global Impact

    De-Dollarization: The Changing Face of Global Finance The financial landscape is in a state of flux, with an intriguing economic… Read More

    1 year ago

    Unstoppable Bayern Munich: The Story Behind Their 11th Consecutive Bundesliga Title

    The curtains closed on a dramatic Bundesliga season with Bayern Munich standing tall once again, clinching their 11th straight title.… Read More

    1 year ago

    Celine Dion Cancels Concert Tour Due to Deteriorating Stiff-Person Syndrome

    The Unfolding Story of Celine Dion's Health In recent news that has left fans across the globe stunned, iconic singer… Read More

    1 year ago

    Navigating the Crossroads: LeBron James, Anthony Davis, and the LA Lakers’ Uncertain Future

    As the echoes of the recent NBA season start to fade, the attention of enthusiasts is firmly glued to one… Read More

    1 year ago