President Bola Tinubu on Monday defended his administration’s decision to remove the Federal Capital Territory Administration from the Treasury Single Account, saying the policy has provided the financial flexibility needed to accelerate infrastructure development across Abuja.
The President also dismissed claims that the executive was interfering in the affairs of the judiciary through the provision of infrastructure, insisting that supporting the justice sector is a constitutional responsibility of government.
Tinubu spoke while inaugurating the new Office Annex of the Body of Benchers and 10 units of four-bedroom staff quarters at the Nigerian Law School in Bwari, Abuja.
He was represented at both events by the Secretary to the Government of the Federation, Dr George Akume.
Speaking on the decision to exempt the FCTA from the TSA, Tinubu said the move had enabled the administration to execute projects more efficiently by eliminating bureaucratic bottlenecks.
He said, “When we pulled the FCT Administration out of the Treasury Single Account, there were sceptics. There were those who questioned the wisdom of that financial liberation.
“But we did it because we knew that local administration must have the liquidity, the speed and the corporate flexibility to interface with financial institutions and deliver critical projects without bureaucratic strangulation. Today, the results are glaring.”
