Thursday, April 25, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement lead

FEC approves N92.1bn for second Abuja airport runway project

FEC approves N92.1bn for second Abuja airport runway project
March 23
14:25 2022

The federal executive council (FEC) has approved N92.123 billion for the construction of a second runway at the Nnamdi Azikiwe International Airport, Abuja.

The meeting, presided over by President Muhammadu Buhari, was held on Wednesday.

Hadi Sirika, minister of aviation, announced the development to state house correspondents after the FEC meeting at the presidential villa, Abuja.

He said the entire sum would be spread over a number of projects to be carried out at the airport.

Advertisement

The approval is coming a day after the inauguration of a new terminal building at the Murtala Muhammed International Airport (MMIA), Lagos.

While inaugurating the building on Tuesday, the president had instructed Zainab Ahmed, minister of finance, budget and national planning, to source funding for the second runway project of the Abuja airport.

However, when asked by state house correspondents how the government intends to raise funding for the project, Sirika said the administration would use the same approach employed for raising funding for other projects across various sectors.

Advertisement

The runway project is expected to be delivered in 12 months.

Click on the link below to join TheCable Channel on WhatsApp for your Breaking News, Business Analysis, Politics, Fact Check, Sports and Entertainment News!

Tags

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

error: Content is protected from copying.