The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has confirmed that President Bola Tinubu has approved two billion naira as palliative for the FCT.
Wike revealed this on Monday, after meeting with contractors in his office following the current administration’s first Federal Executive Council (FEC) meeting.
Confirming the approval of the two billion as a palliative for FCT inhabitants, the minister stated that the cash will primarily address the transportation challenge.
He declared that although the Federal Government is looking to increase funding for projects, the FCT Administration will also consider its internally generated revenue.
He also warned that there would be no room for excuses from contractors.
The Federal Government had approved billions of naira for the 36 states of the federation and the FCT to enable them to cushion the impact of the fuel subsidy removal on the people.