The Minister of the Federal Capital Territory, Barr. Nyesom Wike, has announced a groundbreaking N1.28 trillion budget for 2024, aimed at revolutionizing infrastructure provision in the nation’s capital.
During a media chat with journalists in Abuja, the Minister emphasized that the budget would not only focus on road networks but also prioritize healthcare, education, and the Abuja metro line, among other vital projects.
“Frankly speaking, it is going to revolutionize infrastructure as far as the FCT is concerned. Not only road networks but also in health and education,” stated Minister Wike.
He revealed that 70 percent of the budget has been allocated to capital expenditure, with 58 percent earmarked for the completion of ongoing projects and 42 percent for new projects.
Among the priority projects are the rehabilitation of 21 schools in deplorable conditions across the six Area Councils and the upgrade of Utako, Gwagwalada, and Gwarimpa General Hospitals.
“I believe by the grace of God that the budget is going to be very impactful to the residents of Abuja,” added Minister Wike.
Addressing concerns about financing such a large budget, the Minister disclosed that the withdrawal of the FCT from the Treasury Single Account (TSA) had enabled the Administration to source funds from the financial market using its Internally Generated Revenue (IGR).
He explained that this approach would address delays in project completion and restore contractors’ confidence.
“The funds are there now, and the contractors are happy because these funds have been tied to various specific projects. It is going to create a situation where people will wonder what is going on,” said Minister Wike.
Highlighting ongoing projects slated for completion by May, Minister Wike mentioned the Southern Parkway, Wuye Interchange, Outer Southern Expressway, Arterial Road N20, Guzape District Infrastructure, Abuja Metroline, and various access roads to train stations.
Regarding security, the Minister revealed plans to establish a special response squad comprising a joint team from various security agencies, equipped with drones to enhance surveillance and proactive action against crime.
On land matters, Minister Wike assured efforts to sanitize land administration in the FCT, dismissing allegations of vindictiveness and warning against ethnic colorations in actions taken by the FCTA.
“As far as I’m concerned in this FCT, it is no longer going to be business as usual,” emphasized Minister Wike.
He concluded by expressing his intent to concentrate more on his duties as FCT Minister, setting aside political matters in his home state of Rivers.
