FEC Approves $400 million for 36 states of the federation and 9 New Private Universities, 4 In Ogun State

February 26, 2015 9:01 am

The () has approved loan facilities to
the tune of over $400 million for various development projects across
the 36 states of the federation.

Minister of State for Finance, Mr Bashir Yuguda, told State House
Correspondents after the council meeting that the loan approvals were
part of the Goodluck Jonathan administration’s commitment to better the
lives of Nigerians in line with the transformation agenda.

Also approved by the FEC is the establishment of nine new private universities across the country.
They are Augustine University, Iloran, Lagos State, Chrisland
University, Owode, Ogun State, Christopher University, Mowe, Ogun state,
Hallmark University Ijebu Itele, Ogun State, Kings University, Odeogun,
Osun State.Others are Micheal and Cecilia Ibru University, Orode, Delta State,
Mountain Top University, Makogi Oba, Ogun State, Ritman University, Ikot
Ekpene, Akwa Ibom State, Summit University, Ofah Kwara State.

This was disclosed to State House correspondents by the Minister of Aviation, Mr Osita Chidoka after the council meeting.
The FEC also approved the contract for the award of contract for
consultancy services and construction works of the head office complex
and ancillary facilities of the Nigerian Content Development and
Monitoring Board in Yenegoa, Bayelsa, for the sum of N27.1 billion.

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