FEC just ended. Press Briefing has started.
Minister Sirika: One @fmaviationng Memo approved today, for procurement of bird-deterrent systems for Kano, Port Harcourt & Enugu Airports — to prevent bird strikes (injection of birds into aircraft engines).
Delivery period: 3 months
[Lagos and Abuja systems already procured].
Delivery period: 3 months
[Lagos and Abuja systems already procured].
“His condition is stable, he’s doing well.” — Minister of Health @OsagieEhanire on Nigeria’s Index (and only) Case of #Covid_19 #FECBrief
Minister of Health asked why name of Index patient (Italian male) not revealed.
Answer: Medical confidentiality prohibits reveal of patient’s name, without his consent.
#FECBrief
Answer: Medical confidentiality prohibits reveal of patient’s name, without his consent.
#FECBrief
Minister of Health: Nigeria’s Index Case was asymptomatic at time of arrival in Nigeria; that’s why he was not picked up by Airport thermal screening. There’s usually a time lag between being infected & showing symptoms(hence emphasis on taking travelers records + self-isolation)
The BIG news from FEC today is the Approval of a Sovereign Guarantee for 85% of the EPC contract for Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project
Contract sum: $2.591bn
NNPC counterpart funding: 15%
Loan: 85%
12 year repayment; 3 year moratorium
Interest Rate = LIBOR + 3.75
Contract sum: $2.591bn
NNPC counterpart funding: 15%
Loan: 85%
12 year repayment; 3 year moratorium
Interest Rate = LIBOR + 3.75
“We are satisfied that the cash flows from the AKK pipeline project will be sufficient to repay the loan facility.” — @ZShamsuna, Minister of @FinMinNigeria
The Pipeline will be Environmentally friendly; will reduce gas flaring & thus reduce Nigeria’s carbon footprint and Improve the health of communities in gas producing (flaring) areas
Economic impact: Gas-consuming industries + power plants will be key beneficiaries #FECbrief
Economic impact: Gas-consuming industries + power plants will be key beneficiaries #FECbrief
