Nigeria: FG plans to spend N8.9bn on boat rentals

By Godwin Oritse
THE Federal Government through the Federal Ministry of Transportation is proposing to spend a whopping N8.7billion annually as rentals for fast intervention boats with which it hopes to tackle maritime crimes on the nation’s coastal and territorial waters.

In a Memo dated July 2020 and titled, “Memorandum seeking consideration and approval for the extension of the contract for the lease of six units of fast intervention security vessels for a period of 12 months with effect from 1st of October 2019 to 30th November 2020, at the daily rate of $10,500 (Ten thousand five hundred Dollars) per vessel/day”, the Minister proposed six companies that will be contracted to supply the boats.


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