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.

Lawyers Unite Against Corruption     Aisha Ahman Pategi     Abdulmalik Bashir Mopelola Risikatullahi     Durosinlohun Kawu     Kayode Ogunlowo     Code Of Conduct Tribunal     National Pilot     Abubakar Aliagan     Ibrahim Jawondo     Yahaya Jibril Usman     Kwara Restoration Project     Ishola Abdullahi     Babs Iwarere     Bolaji Gambari     Ibikunle Ogunleye     Government Girls’ Day Secondary School Pakata     Binta Sulyman     Abdulsalam A. Yusuf     Special Agro-Industrial Hub     April 11     Umar Saro     Taibat Ayinke Ahmed     Mohammed Yisa     Olubukola Kifayat Adedeji     Henry Makinwa     Abdulrazak Shehu Akorede     NIPR     Kwara United     Forgo Battery     Arandun     AbdulGaniyu Kareem     Okin Biscuit     Haliru Dantoro     Bayo Ajia     Elese Of Igbaja     Oke-Ode     Aminat Ahmed     Nigeria Governors\' Forum     Isiaka Saka Opobiyi     Suleiman Alege Kuranga     Minimum Wage     Jumoke Gafar     Isaac Aderemi Kolawole     Hijab     Elerinjare     Aremu Odolaye     Ilorin Likeminds Foundation     Aso-ofi     Jimoh Saadudeen Muhammed     Bilikisu Oniyangi     Saidu Kawu     Garment Factory     Ilorin Innovation Hub     Muhammed Taofeeq Abdulrazaq     Ilorin Metro Park     Saheed Alakoso     Raheem Adaramaja     Forgo Battery Company Limited     Ayeyemi Sulaiman     Yaman     Abraysports FC     Sulyman Abdulkareem     Fatimah Abdulkadir     Abdulkadir Remi Hawawu     Michael Ologundea     Shettima Of Ilorin     Saliu Shola Taofeek     Abubakar Olusola Saraki     Deji Ajani     Segun Olawoyin     AbdulRauf Keji     Ayinde Oki     Borgu     Seni Saraki     Ilorin Emirate Stakeholders Forum     Oro Grammar School     Pategi    

Cloud Tag: What's trending

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

Victor Gbenga Yusuf     Tsaragi/Share     Illyasu Abdullahi     Abubakar Kawu Baraje     Yusuf Lawal     Aiyedun     Salihu Ajibola Ajia     Ishaq Oloyede     Femtech     Lawal Arinola Kudirat     Akume     Wahab Kunle Shittu     Abdulraufu Mustapha     Clement Yomi Adeboye     Tunde Akanbi     Ilorin Talaka Parapo (ITP)     Kaosarah Adeyi     Tsado Manman     Olatunji Ayeni     Ahmad Olayiwola Kamaldeen     Olushola Saraki     Adolescent Girls Initiative For Learning And Empowerment     Bola Sagaya     Ileloke     Haliru Yahaya     Ibrahim Abdullahi     Osi     Idiagbon     CACOVID     Owo Isowo     Kwara TV     Vishvas KOZ Tractors     Tunde Yusuf     Ajibola Ademola Julius     Arik     Oniyangi Kunle Sulaiman     Aliyu Kora-Sabi     Bond     Aisha Ahman-Pategi     Rachael Obisesan     Suleiman Alege Kuranga     Moses Adekanye     MINILS     Hamidu Olowo     Kulende-UITH     Yahaya Oloriegbe     Adam Abdullahi Al-Ilory     Col. Ibrahim Taiwo     Isapa     Jimoh Saadudeen Muhammed     Sa\'ad Alanamu     Orire     Afonja     Oba Abdulraheem     Aliyu Sabi     Muhammadu Gobir     Abdulquawiy Olododo     Alore     Olusin Of Ijara Isin     All Confederation Of Principals Of Secondary Schools     Kayode Issa     Idris Amosa Saidu     Isau     Alloy Chukwuemeka     Harrison Osauwagboe     KwaraLearn     NNPP     John Olajide Adedipe     Ahmed Mohammed Rifun     Abdulmumin Yinka Ajia     Yusuf Amuda Aluko     KWASAA     Kale Ayo     Oke-Ode     Kwara State Fish Farmers Association     Oju Ekun Sarumi     Onilorin