FEC okays N1.4bn for design of DPR headquarters

FEC okays N1.4bn for design of DPR headquarters

- N1.4 billion has been approved for the design of headquarters of the DPR in Abuja

- The approval was granted during the FEC meeting presided over by President Buhari

- Ibe Kachikwu said the contract was awarded to Messers Arteck Practice Limited

The Federal Executive Council (FEC) on Wednesday, March 27, approved the sum of N1.4 billion for the award of contract for the design of the Department of Petroleum Resources (DPR) head office in Abuja.

The minister of state for petroleum resources, Ibe Kachikwu, disclosed this while briefing state house correspondents after FEC meeting presided over by President Buhari at the Presidential Villa, Abuja.

News Agency of Nigeria (NAN) reports that Kachikwu said the contract was awarded to Messers Arteck Practice Limited to design a 12 floor building at a plot which had already been allocated to by the FCT.

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According to the minister, DPR is currently based in Lagos and operates as the regulatory and supervisory arm of the ministry of petroleum resources and is also instrumental in terms of income generation. He said the design was to start the process of moving the agency to Abuja.

On whether the amount was not too much for design of a building, Kachikwu said the contract sum was the lowest of the bids.

He said: “The highest bid was about N3 billion; the total projected potential cost for the building when it is done is about N35 billion.

“So if you look at that as a percentage of the work, it is absolutely insignificant, in international terms it is very justifiable, it is less than two per cent.

“The FCT did mention in our deliberation that because of the new zoning policies, the previous plan which was to build a car park of another five floors along with the 12 floors has to be changed a little bit because they are taking possession of additional green area that were assigned to them.

“So they will build a lot of parking institute within the building. So, I think because of the amount of work to be done and in line with international practice, it is quite frankly very reasonable.’’

Kachikwu said part of the programmes the ministry had pursued was to get a lot of out parastatals to become independent and self financially generating agency in order to get out of federal budget.

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He said the Nigerian Content Development Management Board (NCDMB) had done that while DPR would be the next to do that. The minister said the funding for the design would come out of DPR itself not out of federal budgeting.

According to him, “The plan is that if we continue the way we are doing, a lot of federal agencies will be out of federal budgeting and be self reliant.

''Be it PPPRA, DPR, Petroleum Equalisation Fund (PEF), that is the game plan. So far, we have exited NCDMB and we are near exiting DPR and then PEF.’’

Recall that Legit.ng reported that the FEC on Wednesday, March 20, approved N27.4 billion as intervention funds for states affected by conflicts, insecurity and flooding across the country.

The vice president of the National Food Security Council and Governor Atiku Bagudu of Kebbi, disclosed this at the end of the Council’s meeting, which was presided over by President Buhari at the Presidential Villa, Abuja.

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Source: Legit.ng

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