Also, the NPA is set to pay the sum of N800m to the contractor in charge of the rehabilitation of its headquarters in Lagos, but the sum of N1.2bn was approved in 2015 to settle the contractor’s financial requirement.
A breakdown of the proposed budget revealed that N450m was set aside to fence Warri Port while Pilot simulation training centre is to cost N150m.
It had in its 2015 budget allocated N20.4bn as balance of the Federal Government’s equity to the project. In the proposed budget, NPA said the projected revenues and expenditure were prepared based on assumptions that the official exchange rate shall remain around N197 to a dollar.
