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.

Logun     Ejidongari     Umar Gunu     Wahab Abayawo     Oloruntoyosi Thomas     Matthew Babaoye     Saba Jibril     Labaeka     Summit University     Oke-Ode     Geri-Alimi Split Diamond Interchange     Ali Ahmad     Ayodele Olaosebikan     Abatemi Usman     Women For Change And Development Initiative     Umar Adelodun     Medview Airlines     Oloyede     EndSARS     Undergraduate Bursary     Jeunkunu-Malete-Bani     AGM Professional Services     07039448763     Abdulhakeem Adelaja Amao     Iyabo Dupe Adekeye     Kamaldeen Ajibade     Orire     Amina Susa\'a De Ahmed     Simon Sayomi     Tafida Of Kaiama     Umar Sanda Yusuf     International Aviation College     Abdulganiy Abimbola Abdussalam     FOMWAN     Yakubu Dogara     TVC Female National Debate     Muhammad Toyin Sanusi     Pakata     Reuben Paraje     Oniyangi Kunle Sulaiman     Muslim Cementary     Toyin Abdullahi     Jaiz Bank     Yusuf Abubakar     Crystal Corner Shops     Ministry Of Women Affairs And Social Development     Al-Hikmah Radio     Yoonus Kola Olatinwo     Arinola Fatimoh Lawal     Kwara State University Of Education     Kwara Hotel     Mary Kemi Adeosun     Bola Iyabo Ibiyeye Adisa     Dankaka     Rasheed Jimoh     Jimoh Lambe Abdulkareem     Illyasu Abdullahi     Doyin Group     Bolaji Gambari     KWACOBPA     Ilorin General Hospital     Kayode Laro     A.O. Belgore     Adesina Simon Sodiya     Salaudeen Oyewale     Yakubu Gobir     Jelili Yusuf     Eghe Igbinehin     Kaosarah Adeyi     Kayode Oyin-Zubair     Suleman Abubakar     Shuaib Olarongbe     Shao     MalHub     Elerinjare-Ibobo     Oke-Ogun     Zulkifli Ibraheem    

Cloud Tag: What's trending

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

Segun Ogunsola     Nupe     Lawan     Sodiya     Abdullahi G. Mohammad     Elerinjare-Ibobo     Ahmad Fatima Bisola     Adesoye     Mohammed Khadijat Kubura     Tunji Olawuyi     Elerin Of Adanla Irese     Tunde Mukaila Mustapha     Saliu Oluwole     Yusuf Badmus     Ekiti     Oyawoye     Olaiya Victor Mobolaji     Fatai Adeniyi Garba     Adam Abdullahi Al-Ilory     Kale Bayero     Tsaragi     Government Girls’ Day Secondary School Pakata     John Mayokun Dada     Abdulrahman Abdulrazak     Oba David Oyerinola Adedunmoye     Iyabo Dupe Adekeye     CACOVID Palliatives     Dagbalodo     The Herald     Tunde Oyawoye     Ahmed Idris Mohammed     Olatunde Olukoya     Plat Technologies     Bello Abubakar     Yusuf Lawal     Elelu     Quranic Recitation Competition     Kwara State Television     Omu Aran     KWASSIP     Senior Special Assistant On Student Affairs     Ilorin South Constituency     Ilorin General Hospital     Lanre Issa-Onilu     Government High School (GHS), Adeta     Aisha Gobir     Dauda Adeniran Adeshola     Ileloke     Kayode Ishola     Ella Supreme Tissue Paper     Ilesha-Baruba-Gwanara     Offa Descendants Union     Volunteers Of Ilorin Community And The Emirate     AGM Professional Services     Amule Elementary School     Kuliyan Geri     Abraham Ojo     John Kehinde Salako     Tanke Road     Sunday Otokiti     Iyabo Adisa Ibiyeye     Ijagbo     National Union Of Road Transport Workers     Road Transport Employers Association Of Nigeria     Jamila Bio Ibrahim     Yusuf AbdulRasheed     Gobir     Irepodun     Harmony Holdings     Mustapha Olanipekun     Ishola Balogun Fulani     Prince Bola Ajibola     SSA Youth Engagement     Muhammed Akanbi     Olubukola Kifayat Adedeji     Ado Bayero     Fulani