The Federal Executive Council (FEC) meeting on Wednesday approved a total of N5.72 billion for construction and consultancy services for the Nigeria Deposit Insurance Corporation (NDIC) offices.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, briefed State House correspondents at the end of FEC meeting chaired by Vice President Yemi Osinbajo at the State House, Abuja.
She said that N3.23 billion was approved for construction of NDIC Zonal office in Bauchi State.
According to her, N2.49 billion was approved for consultancy services for stage three work on NDIC corporate offices in Abuja and Lagos.
Minister of Aviation, Hadi Sirika, said that FEC approved N574 million for insurance of College of Aviation in Zaria.
He also said that N271 million was approved for perimeter fencing of Port Harcourt International Airport, which was abandoned since 2011.
On the call to convert Arik Air into a national carrier rather than establishing a new one, Sirika said Arik Air is not suitable for a national carrier.
According to him, Arik Air business plan is not in conformity with the idea of a national carrier.
On behalf of the Transportation Ministry, the Minister of Information, Lai Mohammed, said that FEC approved N718 million for the supply of land mobile security scanner for Lagos Port.