Tinubu Pulls Wike-Led FCTA out of Treasury Single Account, Details Emerge

Tinubu Pulls Wike-Led FCTA out of Treasury Single Account, Details Emerge

  • The FCT minister, Nyesom Wike, has confirmed that President Bola Tinubu has pulled the FCTA out of the Treasury Single Account (TSA)
  • The minister disclosed that the new order empowers the FCTA to utilize the territory’s internal revenue for the development of the nation’s capital
  • Wike hinted that the president has approved the creation of the FCT Civil Service Commission to allow for staff career progression

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FCT, Abuja - An emerging report has it that President Bola Ahmed Tinubu has pulled the Federal Capital Territory Administration (FCTA) out of the Treasury Single Account (TSA).

Nyesom Wike, FG, Bola Tinubu, Abuja, Federal Capital Territory Administration, (FCTA), Treasury Single Account (TSA)
Tinubu created a new commission in Wike's led FCTA. Photo credit: Asiwaju Bola Ahmed Tinubu, Nyesom Ezenwo Wike - CON, GSSRS
Source: Facebook

This move by the president is to effectively pave 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, Vanguard reported.

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Tinubu creates new commission in Wike's FCTA

Wike, who made this disclosure during a news conference on Friday, October 13, in Abuja, hinted further that President Tinubu had approved the creation of the FCT Civil Service Commission to allow for staff career progression.

The move is seen as a boost to the authority of the former Rivers state governor who Tinubu appointed to head the FCTA in January.

By removing the FCTA from the TSA, Tinubu is giving Wike more flexibility to manage the territory’s finances. This is likely to allow the minister to accelerate the development of the nation’s capital, Abuja, Business Day report added.

Tinubu reveals positions Wike holds

Meanwhile, President Bola Tinubu earlier explained his relationship with Wike.

Tinubu, on Thursday, September 14, said that the former governor of Rivers state was not just the FCT minister but his adviser.

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"The Honourable Minister, Wike, is not just the Minister of FCT, he is also my adviser and an admirer of mine. He has hit the ground running and he should be encouraged by the State”.

Wike rejects EU report on 2023 presidential election

Earlier, Legit.ng reported that the FCT minister kicked against what he termed interference in the internal affairs of Nigeria by the European Union (EU).

Wike rejected the position of the EU Observation Mission in the recently concluded general election in Nigeria.

The former governor of Rivers state spoke on Monday, October 9, while receiving the EU Ambassador to Nigeria, Samuela Isopi, in his office in Abuja, Nigeria’s capital.

Source: Legit.ng

Authors:
Esther Odili avatar

Esther Odili (Politics and Current Affairs Editor) Esther Odili is a journalist and a Politics/Current Affairs Editor at Legit.ng with 6+ years of experience. Before joining Legit.ng, Esther has worked with other reputable media houses, such as the New Telegraph newspaper and Galaxy Television. She Holds OND and HND in Mass Communication from NIJ, where she was recognized as the best student in print journalism in 2018. Email: esther.odili@corp.legit.ng.

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