• Contact Us
  • About Us
Thursday, June 19, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

FEC approves N13b for Warri-Escravos seaport

metro by metro
April 12, 2018
in Economy
0
0
SHARES
0
VIEWS

BuhariThe Federal Executive Council (FEC) meeting presided over by Vice President Yemi Osinbajo has approved the dredging of the Warri- Escravos seaport for N13 billion.

The Minister of Transportation, Mr Rotimi Amaechi, said after the meeting that the approval followed the presentation of the proposal early in the meeting by the Managing Director of the Nigeria Ports Authority, Hajia Hadiza Bala Usman.

Read Also

CBN’s Forbearance Policy, CRR, LRR May Threaten Banks’ Lending, Proposed $1tn Economy

Israel-Iran Conflict May Trigger FDI Decline In Nigeeia, Ghana- Report

Anxiety As CBN Sticks To June 3 Recapitalisation Deadline For BDC Operarors 

“We got an approval for the dredging of the Escravos-Warri Seaport and the replacement of the bad navigational aids.

“The total cost of the project was N13 billion.’’

The Minister of Water Resources, Mr Suleiman Adamu, also said that the ministry got approval for three memoranda submitted to FEC highlighting the problems in the water and sanitation sector.

“Ours was policy memo highlighting the crisis facing the water and sanitation sector in the country and the need for government to take action.

“We highlighted the fact that urban water supply is regressing, access to improved sanitation has decreased over time that we will not be able to meet the SDGs.

“WASH (Water, Sanitation and Hygiene) service in the rural areas are unsustainable, our share of the spending on WASH sector has declined from 0.7 per cent to 0.27 per cent of the GDP in 2010.

“These are just very far lower than the regional value.

“We submitted a memo to council asking them to approve an action plan that we have been working on for the past few months on how to redress these issues.

“And we had three prayers for the council to approve the action plan and for Council to approve that the country should declare a state of emergency on the water and sanitation sector.’’

The Minister also said the ministry prayed for the establishment of a WASH fund for the country where the federal and state governments and international donors could put in money for addressing the crisis in the water and sanitation sector.

He also requested that henceforth the budget for water and sanitation be significantly increased so that the challenges could be effectively tackled.

“We are grateful that council accepted our prayers and we move on with the action plan going forward,’’ he stated.

Source: nationalbusinessextra

Tags: Warri-Escravos seaport
Previous Post

Ryan US House Speaker announces retirement

Next Post

Stocks on edge, oil soars on escalating Middle East tensions

Related Posts

CBN
Economy

CBN’s Forbearance Policy, CRR, LRR May Threaten Banks’ Lending, Proposed $1tn Economy

June 18, 2025
Dollars
Economy

Israel-Iran Conflict May Trigger FDI Decline In Nigeeia, Ghana- Report

June 16, 2025
Uneasy Calm In Banking Industry Over FG Special Investigator’s Report
Economy

Anxiety As CBN Sticks To June 3 Recapitalisation Deadline For BDC Operarors 

June 12, 2025
Oil Prices Hold Gains, Dollar Steadies Ahead Of US-China Trade Talks
Economy

Oil Prices Hold Gains, Dollar Steadies Ahead Of US-China Trade Talks

June 9, 2025
Next Post

Stocks on edge, oil soars on escalating Middle East tensions

Zenith Bank

Zenith Says Dividend Freeze, Temporary, Exits CBN Forbearance Arrangements By End Of June, 2025

June 18, 2025

Angola to Host ATIDI’s 25th Annual General Meeting as Africa’s Multilateral Insurer Marks 25 years of Impact

June 18, 2025
CBN

CBN’s Forbearance Policy, CRR, LRR May Threaten Banks’ Lending, Proposed $1tn Economy

June 18, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version