-PROMISES TO ENSURE FUNDING
The FCT Minister, Barr. Ezenwo Nyesom Wike has reaffirmed the commitment of the FCT Administration to the completion of strategic projects in the Territory within the shortest possible time.
Barr. Wike made the affirmation while inspecting some on-going projects within the Federal Capital City (FCC). These projects include the official residence of the Vice President, roads B12, B6, Circle Road, Abuja Central Area as well as Southern Parkway, which is nearing completion
The Minister who assured the contractors that the necessary funds would be made available to ensure that the projects are completed by May, 2024, commended the contractors for the quality and pace of work of the projects.
Speaking at the official residence of the Vice President, being constructed by Messrs Julius Berger, Barr. Wike said: “You made a promise to us that you will complete this project within 7/8 months. Even though we have not mobilised you, you have shown concern by working.
“ It is very important and shows that you have confidence in us. Let me assure you that we will mobilise you before December. After that you have to expedite work to ensure completion before May 29, 2024.
“I believe that you have the capacity to achieve that. I also believe there is no need to wait. If you know my antecedent, you know that I don’t make promise I cannot fulfil. As far as I have gotten the support of Mr. President and Vice President, I can tell you go ahead and put everything in hand so that we can achieve this, so that all the stories of abandoned properties will no longer be there. It will be a thing of the past. The manpower shows that you are really serious, so just go ahead and we will give you the funds to be able to mobilise”.
The Minister said he had the backing of the President to identify key projects that are deliverable within one year and the projects inspected fall within the category, stressing that the FCTA will continue to fund them.
Barr. Wike who lamented the increased cost of executing projects that were awarded years ago but abandoned said this hike in cost was putting a lot of strain on the finances of the FCTA and stunting growth and development of the nation’s capital.
He said: “Look at the Vice President’s residence that was awarded in 2010 at the cost of N7 billion. That project was abandoned. And we have called back Julius Berger and say look, can you complete this project within eight months? They said yes but they can’t continue with it at the same cost, which is obvious.
“A project that was awarded in 2010 at N7billion and was abandoned because of no funding. They said they cannot do it for less than N15billion, looking at the cost of building materials. We have told them that before the end of the month we will fund them so that they are able to finish it”.
.“For me, we are happy because the promises made by Mr President of renewed hope has come back. Residents of Abuja are now seeing that projects abandoned are now being completed and they are seeing a renewed hope for this country and commend Mr President”, he added
On the funding for the projects, the Minister said the FCTA is not relying completely on the federation account as the Administration was working on improving its Internally Generated Revenue (IGR) to fund the projects
His words: “As I speak to you today, we have done very well in terms of IGR and these monies would be attached to specific projects. So that there is no reason to say there is no money to execute the projects. For example, what we are doing now. We have submitted some projects’ budgets for 2023, Mr President has promised to transmit it to the national assemble
“We are asking they should allow us to spend N61billion before 2024 because we have the money and we want to use the money to execute specific projects so that by May 29, these projects are completed, then we take new other projects
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