January 30, 2023

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FEC okays N2.044 billion inner roads, drainages for NCDMB fuel hub


The Federal Govt Council (FEC) has authorized N2.044 billion for the supply of inner roads and drainages on the Nigerian Content material Growth and Monitoring Board (NCDMB fuel hub in Bayelsa State, Southern Nigeria.

Minister of State for Petroleum Assets, Timipre Sylva disclosed this whereas briefing State Home Correspondents on the finish of this week’s cupboard assembly presided over by President Muhammadu Buhari.

He stated the fuel hub is supposed to encourage the event of nations that may course of the Nigerian fuel for export in addition to promote using fuel internally.

“Council immediately authorized the contract to contract inner roads and bridges within the Nigerian Content material Growth and Monitoring Board fuel hub positioned at Polaku in Bayelsa State. The contract sum is N2.044 billion.

“The fuel bub is to encourage the event of corporations that may course of and develop our fuel for export and to attempt to deepen using fuel internally in addition to assemble fuel cylinders. Already there are corporations which can be within the fuel hub so these drainages and roads and your complete improvement of that space is to encourage extra corporations to come back into the world in furtherance of our dedication to the last decade of fuel type 2021-2030 as declared by the President,” he stated.

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