Wike: Tinubu Has Taken FCT Out Of The Treasury’s Joint Account

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The Federal Capital Territory Administration (FCTA) now has more authority over its finances after President Bola Tinubu removed it from the Treasury Single Account (TSA).

FCT Minister Nyesom Wike made the announcement during a press conference in Abuja today (Friday).

According to information obtained by FROSHNAIJA, the newly established FCT Administration will be obligated to invest IGR in the growth of the nation’s capital.

Wike verified this at the press conference, and he also announced that the President has given his blessing for the establishment of the FCT Civil Service Commission to facilitate personnel advancement.

He further said that the President has given his blessing to the launch of the Woman Affairs secretariat the following week.

You have projects strewn all over the place, and the city isn’t expanding as it should. He argued that projects were being approved without sufficient funding.

You can’t actually accomplish anything with the IGR now that the central bank won’t lend to us. Mr. President, I advised, we should withdraw if you want FCT to carry out the infrastructure projects.

Starting in the new year, FCT will have projects built on top of other projects. You won’t remember much of what you saw in Port-Harcourt.

Those who lament about a lack of safety, illumination, or access to transportation will soon be able to rest easy. The moment you spot the exit, you’ll be off and running.

However, the minister lamented that directors in the FCTA can’t rise to the post of Permanent Secretary because the CSC doesn’t exist.

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