The Minister of the Federal Capital Territory, FCT, Nyesom Wike, has affirmed that the Ministry of Finance has launched N50 billion to the FCT to finance ongoing capital tasks.
The quantity, in response to the minister, is 50 per cent of FCT’s N100 billion 2023 supplementary funds accredited by the Nationwide Meeting.
Wike disclosed this after an inspection tour of some ongoing tasks on Thursday.
The minister stated that he has directed the everlasting secretary to instantly make funds to contractors dealing with tasks within the FCT.
“I’m completely satisfied to announce to you that the Ministry of Finance has launched 50 per cent of the nationwide supplementary funds. That, in a manner, has given us hope that the contractors might be paid anytime any longer.
“Now we have additionally gotten assent to the FCT Statutory Price range, which once more has given us hope that no challenge might be left uncompleted as promised.
“As you possibly can see, these are high quality tasks, which we’re very glad with. We consider that the preparations made by the contractors will allow us to fee the tasks to have a good time Mr President’s one 12 months in workplace,” he stated.