Tinubu backs FCTA’s TSA exit, commends Wike on Abuja projects

President Bola Tinubu has defended his administration's decision to remove the Federal Capital Territory Administration (FCTA) from the Treasury Single Account (TSA). He stated that this move grants the FCTA the necessary financial flexibility to accelerate infrastructure projects and drive the transformation of Abuja into a world-class capital city.

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When we pulled the FCT Administration out of the Treasury Single Account (TSA), there were skeptics. “There were those who questioned the wisdom of that financial liberation. But we did it because we knew that local administration must have the liquidity, the speed and the corporate flexibility to interface with financial institutions and deliver critical projects without bureaucratic strangulation. Today, the results are glaring.

Tinubu, represented by the Secretary to the Government of the Federation, Senator George Akume, at the commissioning of new facilities at the Nigerian Law School, Bwari, argued that the TSA exemption removed bureaucratic hurdles that previously hindered project execution. "When we pulled the FCT Administration out of the Treasury Single Account (TSA), there were skeptics... But we did it because we knew that local administration must have the liquidity, the speed and the corporate flexibility to interface with financial institutions and deliver critical projects without bureaucratic strangulation," the President said.

The President also lauded the Minister of the Federal Capital Territory, Nyesom Wike, for translating the policy into tangible results. He noted that Wike's interventions have extended beyond road construction to strengthening institutions of justice and governance, including resolving a long-standing land title challenge for the Nigerian Law School. "Over the last three years, the scale of infrastructural development, urban renewal and project delivery in the FCT has been unmatched," Tinubu stated.

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When I appointed Minister Wike, I gave him a clear mandate to transform Abuja into a modern, functional and world-class capital city. “Over the last three years, the scale of infrastructural development, urban renewal and project delivery in the FCT has been unmatched.

Furthermore, President Tinubu dismissed claims that the executive branch was interfering with the judiciary through investments in legal infrastructure. He asserted that providing infrastructure for the judiciary is a constitutional responsibility of the Executive. "Let me be absolutely clear: the provision of infrastructure for the legal community and the judiciary is not an interference in the independence of another arm of government," he declared.

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Let me be absolutely clear: the provision of infrastructure for the legal community and the judiciary is not an interference in the independence of another arm of government.