The Minister of the Federal Capital Territory, Nyesom Wike, has announced that the FCT Administration has achieved an impressive 95 per cent performance in the implementation of the 2024 budget.
He made this known on Monday after inspecting a series of ongoing projects within the territory.
“In terms of implementation of the 2024 budget, I can tell you we have done not less than 90 – 95 per cent of the budget. But that is history. That has never happened before,” Wike stated, expressing satisfaction with the administration’s pace and efficiency.
The minister explained that the 2024 budget had been extended to June, allowing for continued execution of critical infrastructure projects without any funding delays. “The budget has been conveyed to the National Assembly. The National Assembly is on recess, and they will resume on the 29th of April,” he said.
“We believe when they come back, we will go and defend the 2025 Appropriation Bill. That is not hindering the projects. These projects are part of the 2024 budget, which was extended to June ending.
So we are doing what is within the law. The remaining part of the 2025 will now be used to pay the contractors here, that is, the Statutory Budget for the FCT,” Wike explained further.
During his inspection, the minister expressed particular satisfaction with the pace and quality of work at the International Conference Centre and several ongoing road construction sites.
“Frankly speaking, we are very impressed with what was scheduled. The contractors who are handling these various jobs have lived up to expectations and we are also doing our part by making sure payments are also made, so that there will not be delays from either of the sides. So the quality of jobs seems quite impressive.
I am so happy with the International Conference Centre ICC. Those of you who knew how it was and see what it is today will be impressed that yes, that conference centre is coming back to what it is supposed to be,” the minister added.
The tour of projects is part of the administration’s ongoing efforts to ensure transparency and accountability in the management of public funds while delivering on infrastructural commitments to the residents of the FCT.
