Categories: Business

FEC okays N6.3bn contract for waterways surveillance

The Federal Executive Council has approved a contract worth N6.3 billion for waterways surveillance under the Deep Blue project.

The project also known as the Integrated National Security and Waterways Protection Infrastructure project is based on a maritime analytics system, providing comprehensive monitoring and an exclusive economic zone.

It is meant to enable both the protection of the country from illegal and piracy activities and the protection of the country’s natural resources and assets.

Minister of Transportation, Rotimi Amaechi, spoke on FEC approval of the project on Wednesday while briefing State House correspondents after the council’s meeting.

The meeting was presided over by President Muhammadu Buhari at the presidential villa, Abuja.

Amaechi said he presented a memo to the cabinet to approve the award of the contract.

He said that the contract was for the provision of training logistics, operational equipment, and maintenance support for the government under the Integrated National Surveillance and Waterways Protection Solution Infrastructure in Nigeria.

“This is also what we call the Deep Blue Project. That’s the project that the President launched some months ago, around May or June,” he said.

“The contract was awarded at N6,347,967,644.21, inclusive of 7.5% VAT for a period of two years. It’s also important to say that the cabinet was briefed that there’s huge improvement in the security on our waterways now and we hope that it will continue as we progress.”

 

 

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