Wike to Revolutionize FCT Infrastructure in 2024 - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (A.M)
April 3, 2024
He said, “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”.
According to the FCT Minister, 70 percent of the budget is allocated to capital expenditure. Within this capital component, 58 percent is earmarked for ongoing project completion, while 42 percent is dedicated to new projects.
The Minister identified several priority projects: Rehabilitation of 21 schools in deplorable conditions across the six Area Councils. Upgrading the Utako, Gwagwalada, and Gwarimpa General Hospitals to meet required standards.
On how to finance the budget; The Minister stated that, the FCT aims to finance this ambitious budget, which is the largest since its inception, through a strategic approach which involved withdrawal from the Treasury Single Account (TSA) which has allowed the Administration to source funds from the financial market using its IGR.
The FCT Minister promised that by the grace of God the budget will be very impactful to the residents of Abuja.