The Federal Executive Council (FEC) has approved N3.04 billion for the procurement and installation of a taxi lighting system and photometric pattern for the airports in Port Harcourt, Lagos, and Abuja.
Senator Hadi Sirika, Minister of Aviation, while briefing journalists after the FEC meeting on Monday, said the council also approved funds for the provision of equipment in airports all over the country.
Sirika, also stated that “as part of our roadmap, the Aviation Leasing Company has been established and approved by council”.
He stated further “So, entrepreneurs and civil aviation will have access to lease equipment at affordable rates within our country, Nigeria, and this is part of a roadmap. The roadmap is gradually coming to 100 percent completion. I am glad to see the full business case has been approved by the FEC.
“A second memo was also for the award of contract for the procurement, and installation of taxi lighting system, and photometric pattern for Port Harcourt, Lagos, Abuja, and some other equipment all over the country.
“In this contract, the total sum for the photometric and taxi lighting system for both airports mentioned is total contract sum of N3,047,127,022.72, with seven and half percent VAT and 12 months completion period. The contractor is Messrs KSR3 Global Nigeria Limited. So, those are the two memoranda.”
Sirika reiterated that the President Muhammadu Buhari-led administration will ensure that Nigeria Air, the proposed national airline, flies before the May 29, 2023, when a new government would be installed.
“Yes, we are on course and by the grace of God, before President Buhari leaves office, it will fly. We are on course and before May 29, it will fly,” the minister said.