The overseeing Minister of Information said council approved the purchase of a building situated at plot 187, Housing Area B, new owerri, Imo state as Zonal Office for the Nigerian Electricity Regulatory Commission.
He said, “Provision of office accommodation will enable NERC to effectively perform its regulatory function in the zone as there are provision of N565,127,793.08 in the NERC’s 2014 appropriation”.
The contract is in favour of Messrs Chukwuemeka Okoli and Associates in the sum of N131,969,250 inclusive five percent agency and five percent VAT.
Council approved the award of contract to the appointment of a Transaction Adviser for the Rehabilitation of the Independence Building for the National Trade and International Business Centre (NITBC) project in Lagos State.
Mohammed said, it is expected that upon successful completion of the project, the Centre will generate revenue and provide a none stop international centre for the development of trade and enhancement of foreign investment in Nigeria. Also, it will serve as an engine room for commerce which will further propel Nigeria towards the vision of becoming one of the World’s 20 largest economies by 2020.
“There is need to appoint a Transaction Adviser who will initiate and establish a first class project preparation and procurement process to actualise the project. The Adviser is to also support the government to carry out a detailed Outline Business Case (OBC). The project is on “No cure No Pay” basis which implies that payment for the Transaction Adviser will come from the proceeds of entry fee from the procured concessionaire”.
The Council approved the award of the contract in favour of Messrs Infrastructure Bank Plc, in the sum of N150,364,000 only with a completion period of 12 months.