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

FG targets 2,000 CNG stations as State House joins conversion drive

The Federal Government has set a target of establishing 2,000 additional Compressed Natural Gas (CNG)…

6 hours ago

Elumelu urges Africa to unlock potential via power, trade

The Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation, Tony Elumelu, has…

6 hours ago

Trump appoints new chief of staff

United States President Donald Trump has appointed Stephen Miller, the architect of his hardline immigration…

6 hours ago

Tinubu approves Ibom Deep Seaport

President Bola Tinubu has approved the long-awaited Ibom Deep Seaport project in Akwa Ibom State,…

8 hours ago

10 key things to know about Justice Lifu’s judgment affecting ADC, Atiku, By Abdulrahman Abdulaziz

The political landscape has been thrown into fresh turbulence after the Federal High Court delivered…

8 hours ago

Zenith Bank gives N190m to 13 African innovators at tech fair

Zenith Bank Plc has rewarded 13 innovators with a total of N190 million at the…

9 hours ago

This website uses cookies.