Removing FCT from Treasury Single Account revived abandoned projects, accelerated development in Abuja – Tinubu

The President made the disclosure during a Sallah homage at the Presidential Villa in Abuja, where he received FCT residents led by Minister Nyesom Wike, as reported by the News Agency of Nigeria (NAN).

He highlighted that freeing the FCT from TSA restrictions had revived long-abandoned projects, expanded road networks, improved healthcare facilities, and strengthened security measures.

“I remember the day the FCT Minister came to me and said, ‘Please take us out of the problem of the TSA so that I can do more work and achieve more.’ I asked him to show me his plans, and since then, everything started changing rapidly. 

“I started seeing the opening up of the rural areas by the FCT, the resuscitation of abandoned projects, and  completion of the Vice President’s official residence that was abandoned for years,” Tinubu said.

He commended FCT Minister Nyesom Wike for his leadership in driving infrastructural transformation, restructuring the public service, and creating a clear career advancement path for civil servants. Tinubu urged Nigerians to assess leadership based on results rather than ethnic or religious affiliations.

The President also highlighted improvements in security and economic conditions, noting that food prices were stabilizing, businesses were thriving, and national unity was strengthening.

The event was attended by Vice President Kashim Shettima, National Security Adviser Nuhu Ribadu, Minister of Information and National Orientation Mohammed Idris, as well as traditional and religious leaders, lawmakers, security chiefs, and representatives of youth and women groups.

The Treasury Single Account (TSA) is a unified banking framework that consolidates all government payments and receipts to enhance financial control.

The TSA follows two models: