The Guardian
The Federal Capital Territory Minister, Malam Muhammad Bello has renewed call for special funding arrangements for the territory from the Federation Account.
Bello, in a statement on Tuesday in Abuja, said the demand was part of his submissions at the Public Hearing organised the Revenue Mobilization and Allocation and Fiscal Commission (RMAFC) to review the revenue allocation to the FCT.
He said inadequate funding was one of the factors responsible for why Abuja’s development seemed to be moving at a very slow pace despite repeated budgetary allocations.
The FCT Minister painted the picture of a nation’s capital with so much to offer but whose development potential had been hampered by funding challenges.
Bello said that Abuja from the way it was currently being funded with just one per cent allocation from the Federal Government implied that it was merely a Federal Government’s project.
This, according to him, is contrary to the dreams of its founding fathers who designed the nation’s capital as a project for the entire federation.
Bello described Abuja as a work in progress with so much to offer the country, but whose development could be derailed if nothing was done to address the current funding challenges.
