The Federal Executive Council has approved the sum of N1.4 billion for the upgrading of electricity facilities at the Calabar Free Trade Zone Area.
Minister of Industry Trade and Investment, Niyi Adebayo disclosed this to State House Correspondents at the end of the first cabinet meeting for the year 2021, chaired by President Muhammadu Buhari.
He said: “On behalf of one of our parastatals, the Nigeria Exports Processing Zones Authority, we brought a memo for the award of contract for the upgrade of the electricity component in the Calabar Free Trade Zone Area.
“The contracts were initially awarded in 2018 to upgrade the electrical facility in the Area but it was not completed so we brought a memo today and council approved the sum of N1,000,484, 000 for the completion of electrical upgrading at the Calabar Free Trade Zone Area.”
Nnenna.O
