Daily Trust

NEWS FG saves N53bn on water project contracts

- By Zakariyya Adaramola

The Federal Government has saved N53 billion on the review of water project contracts, the Minister of Water Resources, Engr. Suleiman Adamu said.

He made the revelation yesterday while presenting a five year compendium on water resources developmen­t in Nigeria, from 2015 to November 2020 in Abuja.

Adamu said in 2016, the ministry did a technical audit and prioritize­d all the 116 uncomplete­d and abandoned projects. After the audit, the ministry reviewed the cost. “The stringent processes enabled us to achieve substantia­l reduction on the request for contract review on 26 major projects thereby saving about N53bn on the costs of the contracts, even before review by the Bureau for Public Procuremen­t (BPP).”

The minister said this achievemen­t is significan­t as it showcases prudent management of resources, and high levels of transparen­cy and accountabi­lity.

So far, 30 projects have been completed and 10 commission­ed while more will be commission­ed, the minister noted.

He also said from the over 200 dams, the government improved a number of them to boost irrigation, water supply and hydropower, thereby creating 20,400 direct and 16,000 indirect jobs.

Across the 12 River Basin Developmen­t Authoritie­s (RBDAs) under the ministry, it initiated several programmes that has trained 8,617 youths, commercial­izing 42 small dams; leasing of 253 farmlands to the private sector for commercial farming with 181 fully utilized, and the creation of 213,998 direct and indirect jobs.

The ministry said 2,195 participan­ts were also trained in various courses to enhance service delivery since 2016.

 ??  ?? From left: Directors of FBS Reinsuranc­e Ltd, Yusuf Hamisu Abubakar; Engr. Ebele Okeke; Commission­er of Insurance, Sunday Thomas; FBS Directors Bala Zakariyau and Fola Daniel, during the presentati­on of License to FBS Reinsuranc­e Ltd by the National Insurance Commission (NAICOM) in Abuja on Friday
From left: Directors of FBS Reinsuranc­e Ltd, Yusuf Hamisu Abubakar; Engr. Ebele Okeke; Commission­er of Insurance, Sunday Thomas; FBS Directors Bala Zakariyau and Fola Daniel, during the presentati­on of License to FBS Reinsuranc­e Ltd by the National Insurance Commission (NAICOM) in Abuja on Friday

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