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FEC approves increase of East West road contract cost to N506bn

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The Federal Executive Council FEC has approved the variation in the sum of contract for East-West road project sections 1-4 from Warri to Port Harcourt, Eket, Oron, by N260 billion Naira, bringing the total amount required for it to N506 billion.

The original cost for the sections was about N246 billion.

The variation was part of the decisions reached by the council presided over by Vice President, Yemi Osinbajo at the Presidential Villa, Abuja on Wednesday.

According to the spokesman of the Vice President, Laolu Akande, who briefed correspondents on the issue, the variation followed a memorandum presented to the council by the Minister of Works and Housing, Babatunde Fashola, as part of efforts to provide succor and resolve issues around the recent floods.




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