The Federal Executive Council on Wednesday approved the sum of N1.4bn for the award of contract for the design of the Department of Petroleum Resources 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 Muhammadu Buhari at the Presidential Villa, Abuja.

Kachikwu said that the contract was awarded to Messers Arteck Practice Limited to design a 12-floor building at a plot which had already been allocated by the FCT.

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 that 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 that the contract sum was the lowest of the bids.

“The highest bid was about N3bn; the total projected potential cost for the building when it is done is about N35bn.


“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 institutes within the building. So, I think because of the amount of work to be done and in line with international practice, it is quite The minister said funding for the design would come out of DPR itself, and not out of federal budget.frankly very reasonable.’’

https://punchng.com/fec-okays-n1-4bn-for-design-of-dprs-12-floor-hq/

Oh God!!! Who did we offend in this Country This is outrageous!

Bishop000:
Oh God!!! Who did we offend in this Country This is outrageous!

It's not.

Ohhh boy! So, architecturals dey make money like this. This is just designing alone. 1.4billion
Na heaven dey wan design? Mheen!
I rejoice with the contractor, God done win for him this year already.

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I t

Owo!! Well, they have a good IGR.

Good!

The petroleum sector will experience a lot of changes in the next four years

V

Just to design oh, not even the actual construction. This country is sick and fu*ked.

®

We are very wasteful in this country and we don't set important priority. Sincerely, I don't think a serious minded government will okay this project as the lagos office can still perform its duty

Something they will add to after they reach the 3rd floor

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

“The highest bid was about N3bn; the total projected potential cost for the building when it is done is about N35bn.


“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 percent

nothing is impossible in my country.We pay your chinese suppliers with Yuan.siggy for more info

That is very commendable from FG.

afoltundeseen:
Oyel money

Visit my siggy for charcoal wonders

Is this your dp prayer mood or expecting something?

keep wasting money on tinz that will add no value to Nigeria okay.... fools, just wasting money anyhow

Design that I will do for 500 million

Nigeria...

Ndo!!!

Jesu! Y nah..Y dis country b lik dis nah a whole 1.2bil for ordinary design

if that sum of money is used to create job opportunities in Nigeria for youths and Adults, is it a crime?

,

Hmm,


Billonvan carry am go

OMG!! These parasites who brandish themselves as majority will never cease to feed on our oil money. That's why they are vehemently opposed to restructuring because they will all die of hunger within six months

make un just dey waste money dey design nonsense, but to pay 30000 minimum wage wey ASUU demand na problem

this is a permanent loss to oil rich region as they will fully remotely control from Abuja