FCT Administration releases N6bn for projects

THE Federal Capital Territory (FCT) Administration has released the sum of N5, 744, 835, 928.38 to various development partners being counterpart funds for the projects they are executing in the territory.

The counterpart funds were not paid for several years.

Abuja Xtra gathered that the sum of N1, 787,077,262.75 was released to the Universal Basic Education Board which has not been paid since 2013.

Also, N50 million was released for the FCT Community and Social Development Programme NYSC.

Out of the sum of over N5.7 billion, the sum of N46, 513,666.000 was released for the Japanese International Corporation Agency (JICA) projects in the territory while the sum of N113,488,000 is for FCT FADAMA programme.

The sums of N2, 939,681,413.96 and N808,075,585.62 were released as counterpart funds for the Abuja Rail project as well as its consultancy services.

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