FCT Ministry Receives N50bn to Finance Projects
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has announced that N50 billion has been released to the FCT by the Ministry of Finance.
According to Wike, the sum, which is 50 per cent of FCT’s N100 billion 2023 supplementary budget approved by the National Assembly, is to finance ongoing capital projects.
Speaking in Abuja during an inspection tour, the minister stated that he has directed the permanent secretary in the ministry to disburse payment to contractors working on projects in the FCT.
“I am happy to announce to you that the Ministry of Finance has released 50 per cent of the national supplementary budget. That in a way has given us the hope that the contractors will be paid anytime from now. We have also gotten assent to the FCT Statutory Budget, which again, has given us hope that no project will be left uncompleted as promised.
“As you can see, these are quality projects, which we are very satisfied with. We believe that the arrangements made by the contractors will enable us to commission the projects to celebrate Mr President’s one year in office,” he said.
He commended the residents of Abuja for their support while assuring them that there was no promise made that would not be fulfilled, stressing that a promise made would be fulfilled. He expressed confidence that the projects would be delivered on schedule, saying, “We are quite hopeful; we are quite convinced that they would keep to the schedule as agreed. We are happy with what we have seen, and we will continue to do things to the satisfaction of the residents of Abuja and assure them that the renewed hope agenda is not a mere talk. So, it is a promise and a promise kept.”
