President Bola Tinubu has pulled the Federal Capital Territory Administration, FCTA, out of the Treasury Single Account, TSA.
With this decision, the federal government has paved the way for the Nyesom Wike-led FCTA to utilize the territory’s Internally Generated Revenue (IGR) for the development of the nation’s capital.
At a news conference Friday in Abuja, Wike also disclosed that the President has approved the creation of the FCT Civil Service Commission to allow for staff career progression.
This also brings a lot of independence to the FCT under Wike’s administration which was not witnessed in the previous years. In view of this development, the FCT is now largely independent in generating its IGR, utilizing it, and running its Civil Service.