FG to release the timelines for the replacement of BVN with NIN in bank accounts soon
The Federal Executive Council (FEC) has approved contracts worth over N26.7 billion for projects under the ministries of Information and Culture; Communication and Digital Economy, and Humanitarian Affairs, Disaster Management, and Social Development.
The meeting held today at the Council Chambers of the Presidential Villa, Abuja, also approved a new National Policy on Aging.
The minister of water resources, Suleiman Adamu, said the council approved N8.43 billion for the implementation of the Damaturu water supply scheme disclosing that the contract for Lot A was awarded to Mallam Matari and Service Center Water Supply Project. Lot B is the construction of Water Supply at Nufakalam and Lot C Water Supply scheme at Sunsuma.
“They are all ground water or borehole projects spread over wide distance because they are covering three major cities. They will be mostly solar based and also it’s in response to the critical needs of these localities in Yobe State.”
Suleiman said the localities were affected by the activities of insurgents eight years ago, adding that the area is a high Sahel region where surface water is difficult to come by.
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“We hope that with this intervention, the water supply within this area will be greatly enhanced. The completion period is 24 months.”
The Communication and Digital Economy counterpart, Isa Pantami, disclosed that the council approved about N8.9 billion for a new National Information and Communication and Technology (ICT) park in the FCT to coordinate public and private ICT hubs in the country.
He also revealed that government would soon release the timelines for the replacement of BVN with NIN in bank accounts.
Pantami explained that a 4,200 square meters land has already been acquired for the establishment of the ICT Park.
He said: “The wisdom behind the ICT Park is for it to be a center where public and private ICT hubs are going to be coordinated by the federal government of Nigeria, where young innovators with crazy and disruptive ideas will be mentored and all what they need provided for. We will provide enabling environment for them to utilize and come up with disruptive technologies.
“This is the first of its kind in Nigeria, we have so many parks and hubs but they are regional. This one will be central and will be a center of job creation for our teaming youths. It will be a center where technology will be developed and incubated. It will play a significant role in reducing unemployment and the reduce the gap of unemployability.
“The Federal Executive Council has approved the memo and we are going to start of establishing it in Abuja and we hope Abuja is going to be another Silicon Valley in Nigeria.”
The minister of Information and Culture, Lai Mohammed, said council approved the sum of N9.43 billion to complete the digital switch over, which had previously missed the deadline set for implementation.
Mohammed said: “As you know, the ITU had two cut off dates, one in 2017 another in 2020, where nations were supposed to completed their movement from analogue to digital. Regrettably, we were not able to make it. But with the approval of this memo today, we would be striving to switch from analogue to digital.
“We will now agree on a date for a launch in the biggest cities like Lagos, Kano and Port Harcourt. And we will start the switch off in the already switched on states.
“The effect of the more today is that, digital switch over is now real and the economic effect of it will be the creation of hundreds of thousands of jobs in content production, channel distribution, Nollywood and Electronic appliance productions to service about 20 million Nigerian homes. At the end of the switch over, we would have created the biggest free to air TV platform in Africa. I will be announcing ministerial task forces that will execute the council resolve either this week or next.”
Mohammed also revealed that the council approved a Memorandum of Understanding between the ministry and the Central Bank of Nigeria (CBN) Bankers Committee for the renovation of the National Theatre, Iganmu Lagos.
He said: “This is a landmark approval because, it has pave the way for investment in the creative industry as part of the resolve of this government to creat at least one million jobs in the next three years in the creative industry.
“The approval of these two memos is capable of creating one million jobs in the next three years.
“President had in 2020 gave approval to the CBN and the Bankers Committee, to develop, refurbish, renovate the National Theater and at the same time take over the adjourning lands to create a veritable creative industry where they will be four hubs. One for films, one for music, one for IT and the other for fashion.
“The memo today was for the Federal Ministry of Information and Culture to enter into Memorandum of Understanding for the refurbishment of the National Theater.
“The CBN and Bankers Committee are willing to invest N21.894 billion to renovate, refurbish and commercialization (run it profitably) of the National Theater complex. The MOU has a life span of 21 years after which it will revert back to government. The important thing is that no job will be lost because after the National Theater is renovated, a special purpose vehicle will be created to run it. It cannot be business as usual, it will be a turning point in the creative industry in the sense that we are going to have a brand new National Theater, an event center that will help in creating more jobs.”
Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouk, on her part said council approved National Policy on Aging.
According to her, the objective of the policy is to ensure that older persons in the society are guaranteed security, independence anticipation, participation, comprehensive care, self fulfillment and dignity.
“The policy covers spectrum of issues and opportunities for older persons, older persons with disabilities, older persons who are internally displaced, older persons engaged in farming in the Nigeria, in urbane and rural areas.”
Physically present at the meeting were Vice President, Yemi Osinbajo, Secretary to the Government of the Federation, Boss Mustapha and Chief of Staff to the President, Ibrahim Gambari.
Other ministers who were physically present at the meeting were Attorney General and Minister of Justice, Abubakar Malami, Finance, Zainab Ahmed, Science and Technology, Ogbonnaya Onu, Interior, Rauf Aregbesola, Power, Sale Mamman, and Minister of State-Petroleum, Timipre Sylva.
The Head of Service of the Federation, Dr. Folasade Yemi-Esan and other Ministers participated in the weekly council meeting from their various offices in Abuja.
