The Federal Executive Council (FEC) has approved N2.6 billion for the purchase of Abuja Metro Plaza to serve as the Corporate Headquarters of the cc.
The chairman of NAHCON, Abdullahi Mukhtar, confirmed the approval in a statement he issued in Abuja on Wednesday.
According to him, the approval was given at the weekly FEC meeting chaired by the Acting President, Prof. Yemi Osinbajo at the State House, Abuja.
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 percent 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. The two annexes are to be rented out for the commission to generate revenue in its strive to achieve financial autonomy from the government,“ he said.