President Bola Ahmed Tinubu-led Federal Executive Council has awarded 51 contracts worth ₦6.27trillion across the federation in eight months.
The contracts, spanning from October 16, 2023, to May 14, 2024, are for procuring, constructing, and developing various infrastructure projects. They were allocated to facilitate development across critical sectors, including roads, bridges, train systems, and airports. In total, 43 road projects and three airport contracts were awarded, among others.
President Bola Ahmed Tinubu in his inaugural speech on May 29 last year, promised massive development of infrastructure.
He stated, “We shall continue the efforts of the Buhari administration on infrastructure. Progress toward national networks of roads, rail and ports shall get priority attention.“
At the FEC inaugural meeting last August, Tinubu charged his cabinet members to work hard and be committed to creating a buoyant economy that will serve every Nigerian.
Tinubu told FEC members including ministers to work hard, saying that the expectations of Nigerians were very high and underperformance would not be tolerated.
The President also restated his government‘s policy agenda which includes reforming the economy to deliver sustainable and inclusive growth and strengthen national security for peace and prosperity.
“You and I know that expectations are high, and these are tough times. We must work hard and move ourselves to create a buoyant economy that will serve Nigeria. We have an unacceptable employment rate, and we are facing threats from climate change.
“To turn things around, you have been selected to perform your utmost best. Our policy implementation will reform the economy, ensure inclusive growth, and strengthen security for peace and prosperity. Without security, there can be no investment,” the president said.
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