Nigeria: Federal Government spends N8.2 billion upgrading state broadcaster’s equipment including HD
A contract worth N8.2 billion has been approved by the Federal Executive Council (FEC) for the upgrading and renovation of the broadcast equipment of the Nigerian Television Authority (NTA).
Briefing reporters after yesterday's FEC meeting, the Minister of Information and Communications, Prof. Dora Akunyili said the NTA contract would be funded by 15 per cent from NTA's internally generated revenue of N1.230 billion, while the contractor would finance the balance of 85 per cent amounting to N6.971 billion (inclusive of payment of 5 per cent interest per annum). She said the contractor would be paid back over a period of 24 months with three months moratorium.
According to her the contract "includes the upgrading and refurbishment of six Outside Broadcast (OB) Vans from Standard Definition (SD) to High Definition (HD); upgrading and refurbishment of International Broadcast Centre (IBC) from SD to HD; supply of six Fly Way Kits; and upgrading and refurbishment of 9-meter Satellite Hub at the National Network Centre" The completion period for the contract is 12 weeks.
The council also awarded a N2.1 billion contract for the augmentation of the of the Itigidi bridge and Itigidi-Ediba-Ugep road route 44 (f113) in Cross River State, to Messrs Gitto Construzioni General.
"The approval has thereby increased the contract sum for the project from N5, 245,065,676.16billion to a revised sum of N7, 415,571,826.53billion in favour of Messrs Gitto Construzioni General", she said.