ENUGU, Nigeria (VOICE OF NAIJA)- President Bola Tinubu has approved a financial allocation of ₦2 billion to be allocated as relief funds for the Federal Capital Territory (FCT).
The Minister of FCT Nyesom Wike disclosed this during a meeting with contractors in his office.
The meeting took place after the inaugural session of the Federal Executive Council (FEC) convened by the new administration.
The Federal Government of Nigeria had approved substantial sums of money for the 36 states across the federation, including the FCT. This is to help to mitigate the repercussions of discontinuing the fuel subsidy on the populace.
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Wike, the immediate past Governor of Rivers State, pointed out that the allocated funds would primarily solve the transportation challenges faced by FCT residents.
He stated that while the Federal Government of Nigeria intends to augment funding for projects, the FCT Administration will also take into account its internally generated revenue.
The minister warned contractors that they must deliver without excuses.
He assured that the ministry will deliver the Millennium Tower project in the next two years.
The Millennium Tower at Central Area, Abuja, is a multifunctional edifice with facilities for cultural exposition, tourism, socialisation, recreation, hospitality, and commercial activities.
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The project is being handled by Salini Construction Nigeria Limited but was abandoned due to lack of funds.
He however, said that the tower was a very important project that would change the landscape of Abuja city.
“It is a very very ambitious project, but again if we are talking of Abuja being one of the best cities in the world, then we must have such a facility.
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“I can tell you it is not easy to go into that project, but we have decided that whatever it takes, it is going to be one of the legacy projects for President Bola Tinubu.
“In fact, we are looking at the next two years, if the way we are going to structure our payment is agreeable with the contractor,” he said.