A 27km road connecting the states of Ondo and Edo has received approval from the Federal Executive Council (FEC) for a N27 billion restoration project.
Lai Mohammed, the minister of information and culture, made this information public to State House reporters during the Council’s meeting on Wednesday in Abuja, which was presided over by President Muhammadu Buhari.
“The Minister of Works and Housing provided a document for the approval of the award of contract for the renovation of the Iduani-Otuwo road that connects Ondo and Edo States,” the speaker added.
“The contract has a 27-month completion period and is for a price of N27, 233, 577, 000 billion.”
Niyi Adebayo, the minister of industry, trade, and investment, spoke to the media about the FEC meeting’s outcomes and said that the Council had approved the second phase of the National Sugar Master Plan, which began in 2012.
Niyi Adebayo said the council agreed to start the second phase from 2023 to 2033 for an additional ten years.
“The first phase of the sugar master plan, which would span for 10 years through 2022, was approved in 2012.
According to him, “Today the council accepted the extension from 2023-2033 and the whole goal is for the development of the sugar business, aimed at self-sufficiency in sugar production.”
Adebayo claims that the strategy includes a number of legislative initiatives and financial incentives to boost demand and draw private sector investment to the sugar sector.
The first phase of the strategy included participation from four significant investors, who created 15, 000 employment while acquiring around 200 hectares of land for the cultivation of sugarcane to increase local sugar production.
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Olamilekan Adegbite, the Minister of Mines and Steel Development, also informed the reporters that the Council had approved the construction of a retaining wall for an Ebonyi salt plant.
The wall, according to the minister, is there to prevent salt from being naturally washed away.
If fully utilized, he claimed, salt might prevent the nation from having to import the product and save millions of dollars.
The commodity might also be exported, the minister continued, generating more income for the nation.
Adegbite continued by stating that the project will be finished in six months and that the projected wall would be 27 kilometers long and roughly 2.9 meters high.
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