FEC approves N2.4bn for NAHCON to buy Metro Plaza

FEC approves N2.4bn for NAHCON to buy Metro Plaza
June 29 08:06 2017

The Federal Executive Council (FEC) on Wednesday approved N2.4 billion for the purchase of Abuja Metro Plaza to serve as the Corporate Headquarters of the National Hajj Commission of Nigeria (NAHCON). 

The approval was given at the weekly FEC meeting chaired by the Acting President Professor Yemi Osinbajo at the State House in Abuja.

Chairman of NAHCON, Barrister Abdullahi Mukhtar Mohammed, who disclosed this to State House correspondents, said the approval was granted consequent upon the commission’s ability to raise the sum of N2 billion out of the N2.4 billion of the agreed price. 

“The balance of about N500 million which is about 20 per cent is to be funded from the commission’s 2017 budget appropriated capital expenditure. The main building of the property after renovation will serve as NAHCON’s Corporate Headquarters complete with conference halls, board rooms, training centre etc while the two annexes are to be rented out for the commission to generate revenue in its strive to achieve financial autonomy from government,” he said.