The Federal Executive Council, FEC, has approved the sum of $3.1 billion for the end to end automation of the Nigeria Customs Service, NCS.
Zainab Ahmed (pictured), the minister of finance, budget and national planning, told journalists on Wednesday that the concession amount is $3.1 billion.
Speaking at the end of the federal executive council meeting, Ahmed said the project would be concessioned for 20 years.
She also said the revenue expected from the automation project is $176 billion.
The Council also approved the upgrade of safe towers in Lagos, Kano, Abuja, and Port Harcourt airports.
Analogue systems in the airports are to be upgraded to digital just as weather reports will now be transmitted instantly as against the current hourly practice, the minister added.
The airport upgrade is to cost N13.122 billion.
During the meeting, FEC also reiterated the need for all Ministries, Departments and Agencies (MDAs) to consult the Federal Government-owned Galaxy Backbone Limited before budgeting and all payments should go to the Treasury Single Account (TSA).
Council noted that all federal institutions have equally been assessed to see what Information Communication Technology (ICT) upgrades are needed.
The identified upgrades are to commence immediately, the Council said.
To aid the fight against drug abuse, FEC gave a nod to the purchase of a property at the Aviation Village, Abuja.
The building which will serve as accommodation for officers of the National Drug Law Enforcement Agency (NDLEA), was formerly owned by Chachangi Airlines and was bought for N1.196bn with a delivery period of four weeks.
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