President Bola Ahmed Tinubu has disclosed that he exempted the Federal Capital Territory (FCT) from the Single Treasury Account (TSA) to facilitate accelerated development.
This information was contained in a statement released by presidential spokesperson Bayo Onanuga following a Sallah homage visit by FCT Minister Nyesom Wike and the Abuja community to President Tinubu on Sunday.
Tinubu explained that he removed the FCT from the TSA due to the system’s limitations on infrastructure development, requiring a review for enhanced progress.
The President noted significant improvements in infrastructure, healthcare, and security since lifting the TSA restrictions.
“I remember the day the FCT Minister came to meet me, and he said, ‘Please remove us from the problem of the TSA so that I can accomplish more work and achieve more.’ I said, ‘Show me what you are about to do,’ and he presented his thinking and belief.
“And everything began changing rapidly. I started seeing the opening up of rural areas by the FCT, the resuscitation of abandoned projects, and the completion of the vice president’s official residence, which had been abandoned for years. The FCT rehabilitated healthcare centres, upgraded facilities for schoolchildren, and provided furniture,” Tinubu said.
He further praised Wike for reshaping FCT’s public service and motivating civil servants to pursue leadership positions.
“We wouldn’t have been able to celebrate if not for the progressive ideas you brought to the FCT. We can now celebrate the innovative ideas brought to the FCT,” President Tinubu said.
Tinubu also encouraged Nigerians to prioritize performance over ethnicity or religious affiliations when selecting leaders.
“Today, we live in peace, and security is improving. Hunger is decreasing. Food prices are lowering. We can go to the market and do business. And our diversity and belief in ourselves are becoming stronger.
“We are not seeking magic. We are seeking results. We are seeking comfort. We are praying for good health. We are seeking someone who cares,” he noted.
“The job is not just about Wike or me but everyone. Nyesom Wike is proving the diversity of Nigeria. He strengthened that diversity to develop prosperity, showing us that we are all members of one family, living together in the same house, in different rooms, and under one roof,” he added.
FCT Minister Nyesom Wike expressed gratitude to President Tinubu, stating:
“This visit marks a historic moment as it is the first time the FCT residents can extend our greetings and best wishes to you in person during this blessed period. We are genuinely delighted to be here.”
Wike affirmed his loyalty and pledged continued development of the capital city.
“Despite our varied backgrounds, we are united in our unwavering support for your administration and the Renewed Hope Agenda,” he added.
Vice President Senator Kashim Shettima, National Security Adviser Nuhu Ribadu, and Minister of Information and National Orientation Mohammed Idris attended the event.
 from the Single Treasury Account (TSA) to facilitate accelerated development.){kind=link}