• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, July 4, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

FRC verifies Nigeria’s capital projects in North-East

The Matters Press by The Matters Press
November 27, 2021
Reading Time: 2 mins read
0
Sukuk peaks, more profitable in Nigeria despite opposition
Roads

The Fiscal Responsibility Commission (FRC) has embarked on physical verification and inspection of selected Federal Government projects (completed and on-going) in the North-East.

RELATED POSTS

Nigeria’s approval of dual NCE, B.Ed degrees in 15 colleges of education a good omen

Nasarawa showcases efficient use of fuel subsidy savings, exposes futility of Tinubu’s opposition’s mischief – TDF

Transformational in FCT in line with Tinubu’s Renewed Hope agenda

In a statement issued on Friday in Abuja by Mr Bede Anyanwu, Head, Strategic Communications, the exercise is to evaluate and ensure strict compliance with the Fiscal Responsibility Act (FRA), 2007 in the planning and execution of Federal Government capital projects.

It also said that the exercise which was on-going across the country was to ensure adherence to the provisions of the Public Procurement Act, 2007.

Mr Mohammed Zailani, leader of the North –East verification team, said that the exercise covered projects spread across the works, health sectors, Nigeria Correctional Service and the Nigerian Building and Road Research Institute (NBRRI).

He said that the main purpose of the exercise was to confirm the existence of the projects, the amount so far expended and the level of work done at the site to ensure they were commensurate with the amounts paid.

Some of the projects verified are: the Mayo Belwa- Jada- Ganye- Touga road in Adamawa which the contract was awarded to Triacta Nigeria Limited at the sum of N22.699 billion.

According to the statement, the project which is on-going has achieved almost 51 per cent completion.

Also verified was the Tumu – Pindiga- Kashere (Gombe State)- Futuk- Yalo (Bauchi State) Bashar Dengi (Plateau) Road undergoing rehabilitation.

“The contract was awarded to Rockbridge Construction Ltd. at the total sum of N3.536 billion and the project is substantially completed.

“Construction of concrete story building cellblock at Yola custodial centre awarded to Iskat Design Ltd. at the sum of N209.3 million is almost 70 per cent completed.

“Other projects verified by the team include the construction of Truma centre phase 111 awarded to Aswad Investres at the sum of N108.3 million,” it said.

The statement added that the project was 100 per cent completed and already being used.

The FRC verification team, however, observed that proper feasibility studies were not carried out on the road projects site before embarking on them, thereby leading to variations and revision of contract and most projects exceeding their expected completion periods.

“Some of the road projects were poorly supervised, some of the contractors had serious challenges of insecurity and some of the projects had no consultants to monitor the progress and quality of the work.

“Maintenance of roads should begin as soon as the projects are completed in order to stem dilapidation and extra cost of reconstruction.

“Also, institutions should ensure that the Bureau for Public Procurement (BPP) requirements and standards are strictly adhered to in the award of contracts.”

The exercise is in accordance with the FRC’s power and mandate of promoting prudent and transparent fiscal management in Nigeria as contained in sections 2 (1a) and 30 of the FRA.

Tags: North EastProjects
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Salvaging basic education from ruins of Boko Haram war in Borno
Economy/Technology

Nigeria’s approval of dual NCE, B.Ed degrees in 15 colleges of education a good omen

July 3, 2025
Group hails Presidential Council initiative, welcomes President Tinubu’s N2tn stabilisation package
Economy/Technology

Nasarawa showcases efficient use of fuel subsidy savings, exposes futility of Tinubu’s opposition’s mischief – TDF

July 1, 2025
Property owners besiege FCT office to pay ground rent
Economy/Technology

Transformational in FCT in line with Tinubu’s Renewed Hope agenda

June 30, 2025
China’s agricultural wholesale products prices continue to drop
Agriculture

Ignore Atiku’s claim to dilute historic mechanised farming deal with Belarus

June 29, 2025
$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Next Post
Nigeria plans to ban milk importation

Olam, Kano Cooperative move to boost milk production

Value of China’s export to US dips

Chinese yuan strengthens to 6.3936 against USD

Recommended Stories

Trading in Nigerian stock market dips further N83bn

NGX records capitalisation gains of N143bn

April 29, 2022
Nigeria to revamp steel sector to boost economy

Nigeria to revamp steel sector to boost economy

August 31, 2023
NSIA, Agency in deal on solar power

NSIA, Agency in deal on solar power

December 28, 2021

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria’s approval of dual NCE, B.Ed degrees in 15 colleges of education a good omen
  • Nasarawa showcases efficient use of fuel subsidy savings, exposes futility of Tinubu’s opposition’s mischief – TDF
  • Transformational in FCT in line with Tinubu’s Renewed Hope agenda

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us