Senate Queries Approval Of N63.5bn Contract For Abuja Airport’s 2nd Runway

The Senate, yesterday, queried the approval of N63.5 billion for the construction of the second Runway for the Nnamdi Azikiwe International Airport, Abuja, saying it was an attempt to ‘steal and rape’ Nigerians of the country’s wealth.
The Senate called on the federal government to reduce the unrealistic cost of construction and for the government to monitor the contract award process.

Presenting the motion, Senator Melaye said that the contract for the construction of the runway was previously cancelled by the last administration after allegation of over inflation of contract.

Melaye, said that the contract was awarded by the Federal Executive Council, FEC, at N64 billion after ratification by the Bureau for Public Procurement, BPP, contended that there was also  the need  for the construction of a second runway since, according to him, “the existing one is not only bad but inadequate.”

He said: “The publication that the contract is already undergoing review and to be awarded at N63.5 billion as published by newspapers is another attempt to steal and rape Nigerians of our common patrimony. Further convinced by the fact that the entire Gombe Airport with 36km runway cost of N8.2 billion; Jigawa Airport cost N12 billion, Enugu Airport was constructed and expanded at 13 billion naira and Akwa Ibom Airport at N18.05 billion .

“This astronomical amount is about four times the cost of constructing a brand new airport in Nigeria. As a representative of the people, we must advise that due process  and strict adherence to Public Procurement Act be observed in the said contract of the Second  Abuja  Airport  Runaway. If this not brought to attention of the government now, there may be another fraud in the making, given the comparative analysis of cheaper cost across  the country. “

The Senate President also complained about the cost and said that  there was the need to stop what he described as the reckless expenditures, while awarding contracts in the country.

Source: Vanguard

NNPC Terminates Crude Oil Delivery Contracts With 3 Oil Marketing Companies

The Nigerian National Petroleum Corporation, NNPC, on Wednesday, terminated the Offshore Processing Agreements (OPA) with three oil marketing companies in January this year.

The companies are Duke Oil Company Inc., Aiteo Energy Resources Limited and Sahara Energy Resources (Nig) Ltd.

Under the agreement, the NNPC allocates a total of 210, 000 barrels of crude oil per day for refining at offshore locations in exchange for petroleum products at pre-agreed yield pattern.

The termination, according to the Corporation, is part of new measures aimed at cost reduction and strengthening of operational efficiency across the corporation’s value chain.

Read More: dailytimes

Sack Jonathan’s Last Minutes Appointees, Review Contracts Of Last 18 Months, Joda Committee Tells Buhari

The Ahmed Joda transition committee has urged President Muhammadu Buhari to immediately terminate all dubious appointments made by former President Goodluck Jonathan in the last nine months, and review all contracts awarded by the administration in the last 18 months.

The committee said this is to help the new government sidestep ineptitude and waste, and scale up its revenue base.

The recommendations are part of a portfolio of swift steps Mr. Buhari must take within three months of assumption of power if he must save cost and “enhance liquidity”, the committee said in its 800-page report to the president.

A news agency obtained volumes of the report, which contain extensive analyses of Nigeria’s key challenges, with suggested responses for the economy and finance, governance and social welfare.

The report details a list of prompt, medium and long term decisions Mr. Buhari must take, or authorize, within 30, 45, 60 and 90 days of taking office, to create immediate impact, reduce government liability, increase revenue and stabilize the polity.

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