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Cash Crunch Hunts FCT With Shortfall In Allocation From NN59b to N13.5b – FCT Minister

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Cash Crunch Hunts FCT With Shortfall In Allocation From NN59b to N13.5b - FCT Minister

 

By John Danjuma

The Minister of the Federal Capital Territory (FCT) Mallam Muhammad Musa Bello has expressed apprehension over an imminent cash crunch that is hunting the Nigerian Federal Capital Territory.

Cash Crunch Hunts FCT With Shortfall In Allocation From NN59b to N13.5b - FCT MinisterThe minister spoke on Thursday during the defence of the N607.9billion 2022 budget before the National Assembly joint Committee on FCT.

The Minister while making a presentation before the committee indicated that while N59billion was earmarked for the Territory from its 1% allocation from the federal budget in the 2022 fiscal year, the allocation has been slashed to N13.5billion for the 2023 fiscal year.

He said even from the N59billion allocated for it from the federal government portion of the federation account in the 2022 fiscal year, only N19billion has been released to date

“The FCT budget has two components, One is yearly allocation from 1% of the federal government share of the federation account and the second one is internally generated revenue which has over the years been the main sustenance of governmental operations in FCT.

“In the N607.9billion 2022 budget of FCT, the federal allocation is just N59billion out of which only N19billion has been released.

“For the 2023 fiscal year, the projected federal allocation has been drastically slashed to N13.5billion despite the increase in the number of planned projects from 20 in the 2022 fiscal year to 22 in the 2023 fiscal year” he stated.

He explained further to the committee members that out of the proposed N607.9billion 2022 budget, N76.6billion is for personnel cost, N138billion for overhead cost and the remaining balance of N393.2billion is for capital projects.

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According to him, one of the critical projects the capital votes are to be used on is the Greater Abuja Water Project, planned to provide portable water for 29 additional districts within the territory.
He said as a result of huge financial demands, the territory is now adopting integration of indigenes into newly opened districts as against the resettlement policy that has been causing crisis over the years.

“System of re-settlement earlier put in place has not worked, making us adopt the policy of integration as presently being done in Kabusa “, he said.

However, the Committee led by its Chairman, Senator Smart Adeyemi ( APC Kogi West), urged the Minister to start implementation of property tax in FCT for required revenue generation.

Senator Adeyemi said implementation of property tax in FCT, will not only give the administration, N200billion to N250billion in a year but also helped in preventing crime and criminality within the territory.

“It is only in Nigeria that people are allowed to build Houses or Estates without renting them out for many years, which invariably serve as hideouts for criminally minded ones.

“With the enforcement of payment of property tax, such practice will stop”, he said.
On security, he disclosed to the Committee members that 60vehicles worth N2billion would be distributed to various security agencies like the Nigeria Police, the Army, Civil Defence etc, next week Thursday.

Other members of the committee who commented, tasked the Minister to come up with a framework for regulation of the public transportation system within the territory as well as provision of required infrastructure in satellite areas, as they set for oversight visitation on Tuesday and Wednesday next week.

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Kidnappers Demand N200m to Free Abducted Kebbi High Court Judge

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The abductors of a Kebbi State High Court judge, Justice Faruku Bunza, have demanded N200 million as ransom for his release following his abduction from his residence in Bunza Local Government Area.

The ransom demand was confirmed on Tuesday by the Kebbi State Commissioner of Police, Umar Hadejia, and the judge’s brother, Yusuf Bunza.

Justice Bunza was kidnapped in the early hours of Sunday from his home along Zogirma Road in Bunza, prompting a swift security response.

SEE MORE: Bandits Kidnap Kebbi High Court Judge in Midnight Home Invasion

Speaking on the development, Commissioner Hadejia said police had launched an intensive operation to rescue the judge unharmed and apprehend those behind the abduction.

According to him, intelligence gathered during the operation revealed that the kidnappers were demanding N200 million for the judge’s freedom.

He disclosed that a combined team of security operatives had been deployed to comb suspected escape routes, while strategic checkpoints had been mounted across key locations believed to have been used by the abductors.

The police commissioner expressed confidence that the ongoing operation would lead to the safe rescue of Justice Bunza and the arrest of the kidnappers.

Hadejia further revealed that the family informed the police that the abductors had contacted a registrar of the High Court in Abuja to begin negotiations over the ransom demand.

Confirming the development, the judge’s brother, Yusuf Bunza, said the kidnappers had also reached out to him.

“Yes, they contacted me; they asked for N200 million from the family. We don’t know what to do now but we believe the authorities and security operatives are doing their duty to secure his release,” he said.

The abduction has heightened concerns over the security of judicial officers and the persistent threat of kidnapping across parts of the country, as security agencies continue efforts to secure the judge’s safe release.

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Ogun Students Shut Down Abeokuta-Lagos Expressway After Colleague’s Killing

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Woman Dies After Setting Self Ablaze Over N70,000 Loan In Ogun

Students of DS Adegbenro ICT Polytechnic, Itori, Ogun State, on Tuesday shut down the Abeokuta-Lagos Expressway in protest following the killing of one of their colleagues during a robbery attack on a student community behind the institution.

The protest, which caused heavy traffic congestion along the busy highway, erupted after suspected armed robbers invaded Eruku Community, where many students reside, in the early hours of Tuesday.

According to the Rector of the polytechnic, Dr Goke Rafiu, the attackers raided about 15 houses in the community, killing one student and leaving three others injured.

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“What happened was that some armed robbers raided about 15 houses in Eruku where some of our students are living. The community is actually behind the school, and during the attack, one of the students was killed while about three others were injured,” Rafiu said.

He disclosed that one of the injured students had been taken to the Federal Medical Centre (FMC), Abeokuta, for treatment.

“We are currently in the community with police officers and members of the institution’s management team, including the Chairman of the Governing Council, Ambassador Toye Okanlawon, to chart the way forward,” he added.

The rector appealed to the protesting students to remain calm, assuring them that the Ogun State Government, security agencies and community leaders were working to improve security around the institution.

Following the tragic incident, the institution postponed examinations scheduled for Tuesday, July 28, and Wednesday, July 29, to honour the deceased student and allow affected students time to recover emotionally.

In a statement signed by the Chairman of the Timetable, Examination and Academic Calendar Committee, Gideon Adekunle, the institution said: “Following the unfortunate incident that resulted in the loss of a student and injuries to others during a robbery attack in Eruku, the examinations scheduled for Tuesday, July 28, and Wednesday, July 29, have been postponed.

“This is to ensure students in the affected area regain their composure and mental stability, and most importantly, to honour the deceased.

“Examinations will resume on Friday, July 30, 2026, as scheduled. A new timetable for the postponed examinations will be communicated in due course.”

The Students’ Union Government President, Comrade Owoigbe Blessing, said the robbers struck around midnight, killing a final-year Higher National Diploma (HND II) student.

“One final-year HND II student was killed, another female student was injured after her ear was severed, while another student who was shot has been rushed to the Federal Medical Centre,” she said.

She called on the Ogun State Government to strengthen security around the institution, lamenting that robbery attacks had become a recurring problem in Eruku Community.

“There is no adequate security. If there was, this would not have happened. This is not the first, second or even third time such an incident has occurred in Eruku,” she said.

Also reacting, the Chairman of the National Association of Nigerian Students (NANS) in Ogun State, Comrade Olabode Faruq Success, condemned the rising insecurity around tertiary institutions in the state and called for urgent intervention to protect students.

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Fubara Corrected His Mistakes, Returned to the Right Political Family – Wike

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Wike States Preference for Elected Positions

Minister of the Federal Capital Territory (FCT), Nyesom Wike, has described Rivers State Governor Siminalayi Fubara’s reconciliation with his political camp as a correction of past mistakes, insisting the governor had no better alternative than returning to the political family that brought him to power.

Speaking with journalists on Tuesday after inspecting ongoing road projects across the Federal Capital Territory, Wike dismissed claims that Fubara’s return was an act of seeking forgiveness following their prolonged political feud.

SEE MORE: How British Airways Records Foiled Alleged $2m Blackmail Plot Against Me — Wike

According to the former Rivers State governor, politics is not about sin but about recognising mistakes and making the right decisions.

“I don’t know what you mean by sin. In politics, there is no sin. If someone realises they made a mistake and decides to correct it, there is nothing wrong with that. Politics is not a sin. What matters is recognising that you were on the wrong path and making the right decision,” Wike said.

Wike recalled that he had predicted the reconciliation before Fubara publicly announced it, maintaining that the governor had no choice but to return to the political structure that produced him.

“I said during my last media chat that he had no other choice but to return to the same political family that produced him. I have now been informed that he has made that declaration publicly, and we welcome him. Our doors are open. Everyone is welcome for us to work together. There is no better alternative. We will all work together to move the state forward,” he stated.

The FCT minister added that Fubara’s public declaration of reconciliation would further strengthen efforts to mobilise support for President Bola Tinubu’s re-election ahead of the 2027 general election.

“He has publicly stated that he has returned to where he started, and we receive him with an open mind. There is nothing to hide. We will all work together to ensure that we deliver the votes President Tinubu needs for his re-election,” Wike added.

The minister spoke while inspecting major infrastructure projects in the FCT, including the ISEX Road Corridor and the nearly completed Apo-Karshi Road.

Expressing satisfaction with the pace of work, Wike said the Tinubu administration remains committed to completing inherited projects rather than abandoning them, noting that continuity in governance is essential for development.

He explained that the ISEX Road project, awarded in 2014 but left incomplete by previous administrations, is expected to be partially completed before the end of the year if the necessary funds are released.

Wike stressed that completing ongoing infrastructure projects would protect public investments, improve connectivity and accelerate economic growth across the Federal Capital Territory.

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