FEC Approves N14.88bn For Construction Of FIRS Office

The Federal Executive Council has approved a contract for the construction of a new office block and parking lot worth over N14.88 billion for the Federal Inland Revenue Service (FIRS).The Minister of State for Budget and National Planning, Clement Agba, disclosed this on Wednesday after the Council meeting presided over by Vice President Yemi Osinbajo at the State House.

Ogba told State House Correspondents that the Construction of the 12 storey building would save FIRS N4 billion annual rent and decongest traffic along Awolowo Road.

The Council also approved the creation of a database of the National Capital Projects Information System of Government, to track the growing abandoned and uncompleted projects across the country, particularly in the last five years, which drains national funds.

Ondomind