Connect with us

Politics

Breaking: Allocation Of N48.1 Billion In 2024-Budget For Water Supply Project By FCTA (Details)

Published

on

The Federal Capital Territory Administration has allocated N48,152,880,105 from its 2024 budget to the “Greater Abuja Water Supply Project (multilateral/bilateral project tied loan).” This amount constitutes 73 percent of the total budget, which amounts to N65,262,626,636, according to the 2024 Appropriation Bill released by the Budget Office of the Federation on Wednesday….CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

 

President Bola Tinubu presented the 2024 budget, labeled the “Renewed Hope Budget,” to a joint session of the National Assembly on November 29, 2023. Notably, the entire N65.2 billion budget for the FCT is designated for capital projects.

During the presentation of a N61.6 billion 2023 Supplementary Budget to the Senate and House Committees on FCT last Wednesday, FCT Minister Nyesom Wike expressed his intention to prioritize capital expenditures, allocating seventy percent to capital and thirty percent to recurrent expenditures.

Included in the projects outlined in the FCT’s 2024 budget are the design and construction of the Nigeria Cultural Centre and Millennium Tower for N4.5 billion, the design and construction of the Vice President’s Residence for N4 billion, and the Rehabilitation of the Federal Secretariat for N3.5 billion. Additionally, the budget covers counterpart funding for the Greater Abuja Water Supply Project amounting to N5 billion and the settlement of residential and office accommodation for international organizations in the FCT, with an allocation of N609,746,531.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

latest

‘I Paid The Price!’ Fayose Reveals Shocking Details Of His Support for Peter Obi!.

Published

on

Isaac Fayose, a businessman and social commentator, has voiced his frustration regarding a perceived lack of appreciation from 2023 Labour Party presidential candidate, Peter Obi. Fayose, speaking in a video released on Friday, noted that despite his significant personal financial and material contributions to Obi’s campaign—such as providing his hotel for supporters and participating in protests—he has never received a thank-you from the former Anambra State governor.....KINDLY READ THE FULL STORY HERE▶

Response to Criticism and Meeting with Seyi Tinubu

Fayose made these remarks while defending his recent meeting with Seyi Tinubu, the son of President Bola Tinubu. Key points from his defense include:

  • Commending Seyi Tinubu: Fayose described Seyi as a “good boy” who showed him respect and appreciation by removing his cap during their encounter.

  • Political Pragmatism: He argued that maintaining cordial relations with the President’s family does not preclude him from supporting other political figures or candidates of his choice in the future.

  • Cultural and Personal Stance: Fayose, who is Yoruba, stated his admiration for President Tinubu and his son while emphasizing that this did not stop him from supporting Obi in the past.

Criticism of the ‘Obidient’ Movement

Fayose also used the platform to critique supporters of the Obidient movement. His criticisms included:

  • Alleged Ingratitude: He questioned why Obi has never reached out to express gratitude for his sacrifices, asking rhetorically if the supporters had “sent him the work”.

  • Accountability: He accused some movement supporters of being passive, claiming they are waiting for others to “liberate” them rather than taking individual action to drive political change.

  • Future Political Freedom: Expressing his disillusionment, he noted that he remains free to support any candidate, suggesting that if he chooses, he may campaign for Tinubu in the future because the movement he previously supported is “not even worth it”.

Continue Reading

latest

‘Champion Of Faith’: President Tinubu Breaks Silence, Mourns Amaechi’s Late Mother!.

Published

on

President Bola Ahmed Tinubu has extended his deep condolences following the passing of Dame Ezinne Mary Oduah Amaechi, the 89-year-old mother of former Rivers State Governor and ex-Minister of Transportation, Rotimi Amaechi.....KINDLY READ THE FULL STORY HERE▶

Presidential Tribute

  • In a statement released by his Special Adviser on Information and Strategy, Bayo Onanuga, President Tinubu honored the late matriarch, characterizing her life as one defined by sacrifice, faith, and devotion to her family.

  • The President highlighted her steadfast commitment to the Catholic faith and her success in raising children dedicated to public service.

  • Tinubu described her character as a reflection of kindness, love, perseverance, and selflessness, which made her deeply respected by all who knew her.

Condolences and Prayers

  • President Tinubu offered his sympathies to Rotimi Amaechi, the wider Amaechi family, the Catholic community, and the people and government of Rivers State.

  • Referencing her as a “champion of faith” distinguished by humility and selfless service, the President encouraged the grieving family to find solace in the lasting legacy of dignity and service she established.

  • He concluded his message with prayers, asking for God to provide the family with comfort during their mourning and to grant Dame Amaechi eternal rest.

Continue Reading

latest

Emefiele’s Final Defeat! Supreme Court Orders Total Forfeiture Of Assets To Federal Government!.

Published

on

The Supreme Court has issued a final ruling mandating the forfeiture of seven high-value properties and $2.045 million to the Federal Government, all linked to former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele.....KINDLY READ THE FULL STORY HERE▶

Court Ruling Details

  • In a unanimous decision led by Justice Mohammed Idris, the Supreme Court nullified a 2025 Court of Appeal judgment that had previously overturned the forfeiture order.

  • The Supreme Court ruled that the Court of Appeal erred in its decision to order a fresh hearing at the Federal High Court.

  • Consequently, the apex court fully restored the original 2024 final forfeiture order granted by Justice Dehinde Dipeolu of the Federal High Court in Lagos.

Forfeited Assets

The assets permanently forfeited to the Federal Government include:

  • Properties in Lagos: Two detached duplexes in Lekki Phase 1, an undeveloped parcel of land on Oyinkan Abayomi Drive, a bungalow and a four-bedroom duplex in Ikoyi, eight apartment units on Adekunle Lawal Road, and a duplex on Bank Road.

  • Properties in Delta State: An industrial complex currently under construction, situated on 22 plots of land in Agbor.

  • Funds and Financial Assets: The forfeiture includes $2.045 million in cash and share certificates associated with Queensdorf Global Fund Limited.

Continue Reading

Trending