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.

Abdullahi Atanda     Kwara North     Funmilayo Mohammed     Raliat AbdulRazaq     Mohammed Haruna     Alliance For Democracy     Hauwa Nuru     Students Union Government     Haruna Olawale Sulaiman     Kwara NIPR     Jani Ibrahim     Okin Biscuits     Lawan     Zainab Abass     Yahaya Abdulkareem     Wasiu Odewale     Tafidan Kaiama     Olabode George Towoju     Tinubu     Ibrahim Taiwo     Jimoh Saadudeen Muhammed     Salary     Mohammed Khadijat Kubura     Otunba Taiwo Joseph     Amasa     Akande Idowu Ayoola Muhammed     Ilorin Like-Minds     Olosi Of Osi     Code Of Conduct     Emir Of Lafiagi     Apata Ajele Secondary School     Allocation     Special Agro-Industrial Hub     Omoniyi     Lukman Adeloyin     Hassan Taiye Salam     KWASSIP     Alumni Association Of The Federal Polytechnic Offa     Kwara State Television     Hydro-electric Power Producing Areas Development Commission     Gobirawa     Fareedah Dankaka     Rebecca Bake     Mubarak Oladosu     TESCOM     Ariyo     Oba Of Jebba     Erin-ile     Nigeria Computer Society     Goodluck Jonathan     Yakubu Dogara     Doyin Group     Lanre Aremu     Olusin Of Ijara Isin     Sunday Popo-Ola     Muhammed Taofeeq Abdulrazaq     Kayode Zubair     Amos Bajeh     Sulyman Atolagbe Alege     Alaro     International Public Sector Accounting Standards     Chief Imam Of Lafiagi     Kale Ayo     Kwara Politics     Yashikira     Aishat Mohammed Lawal     Olatunde Michaels     Isaac Aderemi Kolawole     Ilesha-Gwanara     Col. Adedipe     Democracy Day     JSSCE     Kolade Solagberu     Dar-Al-Handasah Consultants Ltd     Abdulhakeem Amao     Funmi Salau     Tunji Olawuyi    

Cloud Tag: What's trending

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

Oluronke Adeyemi     Simeon Sayomi     Michael Ologundea     Olatunde Michaels     Zulkifli Ibraheem     Centre For Digital Economy     Bello John Olanrewaju     Yomi Ogunsola     Bisi Oyeleke     Afonja     Oloyede     Haliru Dantoro     Wasiu Odewale     Aro Yahaya     Salihu S. Yaru     Abubakar Olusola Saraki     Kumbi Titiloye     Law School Scholarship     Oke-opin     Idris Amosa Oladipo Saidu     Adama Isa     Obasanjo     Baba Adini Of Kwara State     Olofa Of Offa     Jamila Bio Ibrahim     Ilorin Water Reticulation     Adeniyi Ojo     Yusuf Babatunde Abdulwahab     Shettima Of Ilorin     Moses Rahman Popoola     Standard Organization Of Nigeria     V.O. Abioye     Saka Asiat Ayinke     Ibrahim Labaika     Umar Saro     Muslim Media Watch Group Of Nigeria     Oyeyemi Olasumbo Florence     Lucky Omoluwa     Justina Oha     Tescom.kwarastate.gov.ng     Laduba     Hassan Oyeleke     Playing Host     Iponrin     IYA YUSUF     Kwarareports.com     Salihu Ajibola Ajia     Rashidi Yekini     Kola Shittu     Nigerian Correctional Service     Samuel Adedoyin     Owode Market     Mufti Of Ilorin     Issa Baba     Aishat Sulu-Gambari     Tsaragi     University Road     Femi Ogunsola     Christopher Tunji Ayeni     Ilorin West/Asa Federal Constituency     Kayode Issa     Tunde Oyawoye     Gbajabiamila     Idiagbon     Oba-Solagberu     International Vocational Centre     Ilorin Talaka Parapo     Lanwa     Kamaldeen Kehinde     Ezekiel Yissa Benjamin     Ilorin South Constituency     Ilorin Airport     National Association Of Nigerian Students     Abubakar Imam     Ijagbo     Patigi Regatta     Ilorin Central Mosque