Exit of the Federal Capital Territory Administration (FCTA) from the Treasury Single Account (TSA) has begun to produce results for key capital projects in the territory.

FCT Minister, Nyesom Wike, noted yesterday that within three months of his assumption of office, the Internally Generated Revenue (IGR) of the territory had significantly improved.

Consequently, a N61 billion 2023 supplementary budget had been prepared for approval by the National Assembly.

Projects to be funded with the extra budget include the N15 billion official residence of the Vice president, Southern Park way (ring 2) and Southern Park way (ring 1).

On the improvements, Wike submitted: “We are doing everything possible to improve on our IGR, and as I speak today, we have done very well in terms of IGR. This money will be attached to specific projects, so that we don’t have any issue of not having money for this project.”

The minister said he had been able to secure additional funding for projects in the FCT, adding that SUKUK had agreed to fund programmes that were outside its original areas of coverage.