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

How and why Sunrise lost $2.35bn claim against Nigeria, By GARBA SHEHU

By GARBA SHEHU There are good reasons why Leno Adesanya and his company, Sunrise Power…

5 hours ago

Stray bullet kills 400-level Niger varsity student

A 400-level student of Ibrahim Badamasi Babangida University, Lapai (IBBUL) in Niger State, Isma’il Ishaq…

6 hours ago

Low turnout recorded in Kano by-election

The by-election for the Dawakin Kudu State Constituency in Kano State recorded low voter turnout…

6 hours ago

Anambra reviews 180 criminal cases over land disputes

The Anambra State Ministry of Justice is reviewing about 180 criminal cases arising from land…

6 hours ago

Bandits demand N30m ransom for six Zamfara clerics

Bandits who kidnapped six Islamic clerics in Zamfara State have demanded N30 million for their…

7 hours ago

I rejected N250m offer to back Obasanjo’s third term — Aliyu

Former House of Representatives Minority Leader, Farouq Aliyu, has alleged that he was offered N250…

7 hours ago

This website uses cookies.