The Minister of the Federal Capital Territory, FCT, Nyesom Wike, has affirmed that the Ministry of Finance has released N50 billion to the FCT to finance ongoing capital projects.
The amount, according to the minister, is 50 per cent of FCT’s N100 billion 2023 supplementary budget approved by the National Assembly.
Wike disclosed this after an inspection tour of some ongoing projects on Thursday.
The minister said that he has directed the permanent secretary to immediately make payments to contractors handling 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 hope that the contractors will be paid anytime from now on.
“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.