.
By Nasir Kura
The Federal Executive Council (FEC) Wednesday approved approved N7.197 billion for inter-change and pedestrian bridge at Abaji, Federal Capital Territory (FCT).
This was disclosed by the Minister of Minister of Power, Works and Housing, Mr Babtunde Fashola at the end of the weekly FEC meeting chaired by President Muhammadu Buhari at the Presidential Villa in Abuja.
He said: “My ministry presented two memos. One was for the construction of an inter-change and pedestrian bridge at Abaji in Abuja for N7.197 billion to address the perennial problem of accidents in that place which was approved by council.
“The second memorandum was for the procurement of 200,217 meters by Yola Electricity Distribution Company Under the Meter Asset Providers Scheme. As you might know,Yola Electricity Distribution Company is the DISCO that was surrendered to by the original holder.
“So, it’s under the federal government’s management. So, they are buying 200,217 meters for consumers under their franchise which covers Adamawa, Borno, Taraba and Yobe States.
“The cost of those meters is N11.208 billion. It is to be funded from the judgment sum that I previously briefed you about two years ago that council approved a compromise from an old meter’s supply dispute since 2003.
“So that money is in a bank, it has been there, so that is where these meters would be funded from and as consumers pay back the meters as they are supplied, the money goes back into that account.”
