By Chioma Obinagwam
The Federal Executive Council (FEC) has approved the sum of N14,088,887,805.80 for the building of Federal Inland Revenue Service (FIRS).
Confiance News gathered from the official Twitter handle of FIRS at the weekend.
The disclosure was made by Nigeria’s Minister of State for National Planning, Prince Clem Agba.
Agba made this known at the Federal Executive Council (FEC) meeting held on Friday.
He said: “Today I presented a memo to council of which we obtained approval for the award of contract for the construction of a new Federal Inland Revenue Service (FIRS) office with parking lot at 17b Awolowo road, in Lagos. This contract was awarded in favour of Messrs CCECC Nigeria limited at a total cost of 14 billion 88 million 8 hundred and eighty seven thousand naira. 8 hundred and 5 naira 80 Kobo. Inclusive of 7.5 percent VAT. with a completion period of 24 months.”
He noted that the construction of the building will save the Federal Inland Revenue Service about N4 billion yearly rent that they have been paying.
“It will also help the Lagos State government to reduce traffic congestion along Awolowo road and the adjoining roads,” he continued.
“The building is to be sited in the premises already owned by FIRS. So, there’s no purchase of land involved. The property measures 11,857 square meters,” he added.
