Inspite the daunting economic situation in the country and its attendant effect on budgeted projects, the Minister of the Federal Capital Territory, Nyesom Wike, has assured that the inflation rate was not affecting the funding of ongoing projects in the territory.
The minister who gave the assurance after inspecting some critical projects across the territory on Tuesday, said the administration has adequately funded all ongoing projects to role out any possibility of budget variation.
Wike explained that taxes are channeled to priority project. He said, “First of all, whether inflation or not, that’s why we are here, to solve problems. With the taxes people pay, we try as much as we can, to allocate it to the priority projects. Again, we don’t allow variation. Why? Because we also try to pay as at when due, so the issue of variation does not come in” he stated.
The minister therefore urge elites and residents of the FCT to pay their taxes and ground rents, to allow for adequate funding of projects and infrastructure development in the territory.
The minister inspected ongoing projects, including the Vice President’s official lodge under construction by Julius Berger Construction; the Asokoro and Area 1 roundabouts on the Outer Southern Expressway being constructed by CGC Construction; Wuye Bridge under construction by Arab Contractors Limited; and road D6 and B12, also handled by Julius Berger.
Wike said he was optimistic that the various projects would be completed by the end of May 2023, to mark the first year of President Bola Tinubu.
“I think we are quite optimistic that with the speed of work, and taking advantage of the weather, we believe that by May, these projects will be ready. It is very key for us to understand that without payment of taxes, it will be very difficult for us to carry out most of these gigantic projects. If we don’t have the money, there is nothing we can do. Again, like we have always said to elites, they want roads, they want good environment, they want streetlights everywhere; government does not print money. Government needs to tax people and then use that money for the development of the area.
“So, I will always plead with everybody that they should try as much as they can, to pay their ground rents. We have published the last set of those who are still owing the one for 2023. We gave them till 14th of December last year, after which we were going to revoke. But we are human, we believe that the ethics will not be as good as people expect, well we have extended it to another two weeks, after which we will have no choice if you don’t pay, but to revoke the title documents”, he said.
The Minister also called for the support of residents of the FCT, noting that the paid taxes and ground rents were being “managed judiciously”, to ensure the delivery of the various projects.
