Energy

FEC approves N117bn for Oloibiri Oil Museum in Bayelsa

The Federal Executive Council (FEC) has approved N117 billion for the construction of Oloibiri oil museum in Bayelsa State.

The Minister of State for Petroleum Resources, Mr. Timipre Sylva, made this known when he briefed State House correspondents on the outcome of the council meeting, chaired by President Muhammadu Buhari on Wednesday, February 8, 2023 in Abuja.

According to him, the proposed museum will also serve as a research centre to enhance academic activities.

“The Federal Executive Council today approved the award of the contract for the construction of the Oloibiri Oil Museum and Research Centre to Julius Berger Plc in the sum of N117 billion with a completion time frame of 30 months,” he said.

READ ALSO: Immigration seizes 6,216 PVCs, National ID cards from foreigners

The minister stated that the Museum started in the early 80s by the late President Shehu Shagari but could not be continued due to paucity of funds.

He, however, said that the Buhari administration had injected life into the project because of its importance.

Editor

Recent Posts

Man dies in Lagos beer parlour

A middle-aged man who had gone to watch television at a beer parlour has been…

10 mins ago

CBN halts 0.5% cybersecurity levy

The Central Bank of Nigeria (CBN) has withdrawn the circular directing banks to implement a…

21 mins ago

Breaking: Iran’s President Raisi dies in helicopter crash

Iranian President Ebrahim Raisi has been confirmed dead in a helicopter crash in mountainous terrain…

1 hour ago

EFCC arrests 5 forex speculators in Abia

The operatives of the Economic and Financial Crimes Commission (EFCC) have arrested five suspected foreign…

12 hours ago

EFCC arrests 3 siblings for internet fraud, recovers N3.5m

The operatives of the Makurdi Zonal Command of the Economic and Financial Crimes Commission (EFCC)…

13 hours ago

Man City win record 4th Premier League in a row

Manchester City, on Sunday, won the Premier League title for a record fourth season in…

13 hours ago

This website uses cookies.