24.9 C
Lagos
Friday, August 15, 2025

Mail

spot_img

FCT Abuja, Now Exempted From Treasury Single Account Of The Federation

Nigeria’s President Bola Ahmed Tinubu has approved that the Federal Capital Territory Administration (FCTA) can use its Internally Generated Revenue IGR for the development of the nation’s capital.

This effectively exempts Abuja from the Treasury Single Account (TSA) of the federation introduced by Tinubu’s predecessor, President Buhari and puts the huge resources of the FCT Ministry outside the Central Bank direct scrutiny.

The announcement was made Friday by the FCT Minister, Nyesom Wike himself in a press conference in Abuja.

He said the President further approved the creation of the FCT Civil Service Commission to allow for staff career progression.

Wike decried the nonexistence of the CSC prior to this time which he claims made it difficult for Directors in the FCTA to attain Permanent Secretary positions more readily.

Furthermore, he said the President approved the establishment of the Women’s Affairs secretariat for the FCT. The secretariat will be commissioned next week.

The Nigerian constitution portrays the president of Nigeria as the “Governor” of Abuja.

Today’s announcement underscores President Tinubu’s ongoing bureaucratic reforms, and also his increasing confidence and political alliance with Mr Wike and his political force – which is a renegade wing of the opposition party, PDP.

Do you like this story? Please Like 👍, Comment, Share & Follow us on our social media handles.
0 0 votes
Article Rating
- Advertisement -
spot_imgspot_img
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
spot_img
JolibaLive News!
JolibaLive News!http://joliba.com.ng
JolibaLive | The Information Market Place 🌍 Citizen's companion. Democratized journalism
LISTEN TO THE NEWS

Related Articles

Click Target 💠 For Your Local Weather Update

Lagos
overcast clouds
23.5 ° C
23.5 °
23.5 °
89 %
2.8kmh
85 %
Fri
23 °
Sat
27 °
Sun
27 °
Mon
25 °
Tue
27 °
- Advertisement -spot_imgspot_img

Follow Us

1,642FansLike
8FollowersFollow
0FollowersFollow
0FollowersFollow
27FollowersFollow
4SubscribersSubscribe

Subscribe to our Newsletter

Latest news updates sent each morning direct to your mailbox.

Latest Articles

0
Would love your thoughts, please comment.x
()
x