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RENOVATION OF NATIONAL ASSEMBLY COST N30BN – MINISTER

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The Federal Capital Territory Administration would spend N30.222 billion in the ongoing rehabilitation of the National Assembly Complex, the Minister, Malam Musa Bello had said.

Bello disclosed this on Thursday when the Senate Committee on FCT carried out an oversight visit to various project sites being constructed by the Federal Capital Territory Administration (FCDA) in Abuja, according to Daily Post.

He disclosed that the cost of approval of the rehabilitation work by President Muhammadu Buhari was N37 billion, which was included in the 2020 budget of the Federal Capital Development Administration.

He, however, explained that the cost was reviewed downward to N9.25 billion in the revised 2020 budget to enable the FCDA to pay contractors, leaving a balance of N21.025 billion.

Bello stated that the total cost of rehabilitation work which stood at N30,229, 290,830.35 billion was not part of the National Assembly’s annual budget of N128 billion as some people had claimed.

He also that the contract, which was awarded on December 30, 2021, has a completion period of two years.

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