FG approves N7.9bn for reimbursement to Kwara govt.

Date: 2017-06-15

The Federal Executive Council presided over by Acting President Yemi Osinbajo on Wednesday approved N7.94billion for the reimbursement of Kwara Government to undertake the construction of the Kaiama-kishi road.

The Minister of Works, Power and Housing, Mr Babatunde Fashola disclosed this while briefing State House correspondents alongside the Minister of Transportation, Rotimi Amaechi and Minister of Finance, Mrs Kemi Adeosun, on the outcome of the Council's meeting in Abuja.

According to him, the road serves the Agricultural belt that produces Agro Product between Oyo and Kwara states.

"So, Kwara has applied to be allowed to take that road on the basis that they will be refunded at sometime in the future.

"We have actually received anticipatory approval from Mr President and the Council has ratified that approval for them to continue," he said. He further disclosed that the Council approved 186.6million dollars for the completion of the AFAM Power plant, which was part of the ministry's roadmap for incremental power to the grid.

"Council ratified the earlier approval given for GE to undertake that project so that we can complete 240MW of emergency power through 830MW turbines this year. "The Council also approved "2.2million dollars for the construction and rehabilitation of the sub-station to enable the evacuation of the power, once the turbines are installed," Fashola added.

In his contribution, Amaechi revealed that the Council approved N500million for the completion of Baro River Port in Niger state.

"We got an approval for the completion of Baro River Port. The council deliberated on three major contracts that will assist us in the completion of the project.

"We hope that in the next four to six months we should be able to complete the Baro River Port."

He said the Council directed the Minister of works, Power and Housing to look into possibility of reconstructing the roads leading to the River Port while the Ministry of Transportation would look at the revival of the narrow gauge to the Port.

The Minister of Finance, Kemi Adeosun, disclosed that the Council granted permission to the ministry to sign a multilateral convention to implement tax treaty related matters to "prevent tax evasion and profit shifting".

Adeosun said: "The benefits are the convention will swiftly modify existing bilateral tax treaties to implement tax treaty related matters in a cost efficient manner instead of individual negotiation and amendment of the treaty.

"It will incorporate into existing tax treaties provisions that will prevent the granting of tax treaty benefit in an appropriate circumstance. "It will address tax treaty abuse, promote transparency and drastically curtail illicit financial flows and ultimately it will increase the tax revenue of the government," she said.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Veterinary Teaching Hospital     Democracy Day     Saka Keji     Zara Umar     Okasanmi Ajayi     Ophthalmological Society Of Nigeria     Aliyu Muyideen     Yahya Mohammed     Adisa Logun     Shehu Jimoh     Kwara State Governor     Sunday Popo-Ola     Ishaq Abdulkarim     Maigida     Usman Alkali Baba     Ilorin Central Mosque     Awoye     All Confederation Of Principals Of Secondary Schools     Law School Scholarship     Bayo Onimago     Senior Ibrahim Suleiman     Prince Sunday Fagbemi     Oniyangi Kunle Sulaiman     Ilesha-Baruba     C2c@kwarastate.gov.ng     Ileloke     Ibrahim Mashood     Pilgrims Board     Abdul Jimoh Mohammed     Victor Gbenga Yusuf     Irepodun     Abdul-Rasheed Na\'Allah     Idris Amosa Saidu     Olatomiwa Williams     Ilorin West/Asa Federal Constituency     Aliyu Salihu     Jide Ashonibare     Turaki Of Ilorin     Omoniyi M. Ayinla     Otoge     Busari Toyin Isiaka     Abdullateef Abdussalam     Abdullahi Atanda     Jelili Yusuf     Yahaya Oloriegbe     Garba Dogo     Ilorin Amusement Park     Saheed Akinwumi     Unilorin FM     Tunji Ajanaku     Earlyon Technologies     Saad Omo Iya     Okanlawon Musa     Federal College Of Education (Special), Afon     Afolabi-Oshatimehin Adenike Harriet     Salmon Babatunde Salmon     Kwabes     Kwara Consultative Forum     Congress For National Consensus     Balogun-Ojomu     Aliyu Kora-Sabi     Kwara State Fire Service     Kwara State Polytechnic     Olokoba Sulyman     Ogbondoroko     Rabiu Kwankwaso     Mashood Dauda     Abdulmumini Sanni Jawondo     Yakub Ali-Agan     Kale Belgore     Kwara University Of Education     Razaq Atunwa     Abiodun Jacob Ajiboye     Salman Jawondo     Kwara State Football Association     Shonga     Tunde Yusuf    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Bamidele Adegoke     Prince Bola Ajibola     Durbar     Adekunle David Dunmade     Tunde Yusuf     Adolescent Girls Initiative For Learning And Empowerment     Nigerian Army     Haashim Initiative For Community Advancement     Abdulrazaq Aiyelabegan     Hassan Oyeleke     Ajakaye     Oko     Chief Imam Of Ilorin     Salihu Jibril Garbi     NSCIA     Kwara-SAPZ Project     Raji Ayodele Kamaldeen     Ahman Pategi     Oko-Olowo     Admiralty Villa     Alfa Modibo Belgore     Ileloke     Sheriff Olanrewaju     Ibrahim Abdulqadir Abikan     Matthew Babaoye     Road Transport Employers Association Of Nigeria     Gobir     Abdulrosheed Okiki     Mufutau Gbadamosi Esuwoye     Sardauna     Oniye     Usman Rifun     Abdulfatai Salman Baakini     Alfa Modibbo Belgore     Alabe     Olabimpe Olani     Alaiye     TESCOM 2025     Cornelius Adebayo     TESCOM     Odo-Owa     Omotosho     Titus Ashaolu     Bursary     Kishira     Haleeman Salman     Mohammed Yahaya Barki     Niguel Gallando Marcias     Mohammed Lawal Bagega     Yahaya Jibril Usman     Diagnostic Centre     Daud Adeshola     Mohammed Tunde-Jimoh     Kamaldeen Gambari     ASUU     Afusat Nike Ibrahim     Shehu Salau     Muslim Cementary     ITEM 7     Sai Kayi     Share-Tsaragi     Sabitiyu Grillo     Amos Sayo     KWSUED     Hamidat Sulyman-Yusuf     Ibrahim Taiwo     Adebara     Folajimi Aleshinloye     Raimi Iyanda     Aliyu Olatunji Ajanaku     Oni Adebayo     Kwara State Football Association     Shoprite     Hamza Usman     Bilikis Oladimeji     Salihu Yahaya     Aisha Ahman-Pategi