The Federal Capital Territory Administration, FCTA has received presidential approval for its withdrawal from the Treasury Single Account, TSA to pave the way for the overall development of the FCT.
FCT Minister, Mr. Nyesom Wike who made this known at a News conference in Abuja, said that the President had also given the approval for the establishment of the FCTA Secretariat for Women Affairs as well as the immediate implementation of the FCT Civil Service Commission, Establishment Act 2018.
Mr. Wike explained that the developments were part of ongoing efforts to restore hope in residents of the FCT.
He praised the President for his courage and political will to do what others had shied away from.
The FCT Minister said the pulling of the FCTA out of the TSA became inevitable due to the high level of uncompleted projects littering the nation’s capital, with some going as far back as 2002.
According to him, the FCT will now begin to witness accelerated provision of infrastructure, following this development, adding that the move would allow FCTA use its Internally Generated Revenue (IGR) for the completion of key ongoing projects and the execution of more projects.
In her remark, the Minister of State, Dr. Mariya Mahmoud said the President made the approvals due to the capacity and willingness of the Minister to execute the Renewed Hope Agenda, expressing hope for a new FCT with the vision of Mr. Wike.