Business

FCTA receives N50 billion of the N100bn supplementary budget — Wike

Nyesom Wike, the Minister of the Federal Capital Territory (FCT), disclosed that the Ministry of Finance has provided N50 billion of the N100 billion of the supplementary budget to finance the continuation of capital projects within the FCT.

The minister stated that the sum constitutes 50% of the N100 billion 2023 supplementary budget for FCT, as approved by the National Assembly.

Wike declared the announcement following a tour of several ongoing projects in the FCT in Abuja on Thursday.

The minister added that he has directed the Permanent Secretary to make immediate payments to the contractors responsible for projects in the FCT.

Furthermore, he lauded the Abuja residents for their support, assuring them that every promise made would be honored without exception.

He expressed confidence that the projects would be delivered on schedule, saying

Wike examined the Outer Southern Expressway, extending from A.A. Rano through Deeper Life Junction, SARS, and Apo roundabout to Wasa District.

Additionally, he inspected the Northern N-20 Expressway in Jahi District, currently under construction by Gilmor Construction firm, and the ongoing construction of the Vice President’s residence by Julius Berger.