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2021 National Prority Capital Budget: Fcta Presents 45 Billion Naira Proposal
Joel Ajayi
The Federal Capital Territory Administration is to spend the sum of N45, 527, 118,338 (Forty-Five Billion, Five Hundred and Twenty Seven Million, One Hundred and Eighteen Thousand Three Hundred and Thirty-Eight Naira) for its 2021 National Priority Capital projects.
This was disclosed by the FCT Minister Malam Muhammad Musa Bello when he presented the FCT 2021 National Capital Budget to the Senate Committee on the FCT on Thursday, November 5th, 2020 at the National Assembly Complex, Abuja.
According to the Minister, this figure is contained in the 2021 Appropriation Bill presented by Mr. President to the National Assembly on the 8th of October 2020.
The Minister said that this allocation is to sustain the implementation of critical projects both in the Federal Capital City (FCC) and the Satellite Towns.
Malam Bello also presented a list of 28 proposed priority projects to be funded from this budgetary proposal which he said is intended for the completion of on-going projects.
In the words of the Minister, “In their selection, the priority of attention was accorded to the completion of on-going projects. Accordingly, the entire projects in the 2021 budgets are for on-going projects”.
Some of the projects to be funded from this budget proposal amongst others include the construction of the Southern Parkway from the Christian Center to Ring Road One, Rehabilitation, and Expansion of the Outer Northern Expressway Project Lot II (Kubwa Road from the Federal Civil Service College to the Villa Roundabout), Rehabilitation of and Expansion of the Airport Expressway (project Lot I) and the completion of the International Vocational Institute Utako and four comprehensive Science and Technical Colleges in Abaji, Gwagwalada, Kuje, and Karshi.
Others include the provision of Engineering Infrastructure to Bwari Area Council, Rehabilitation of the National Assembly complex, design and construction of the Nigeria Cultural Center and Millennium Tower, and development of the Idu Industrial Area Engineering Infrastructure.
The Minister also disclosed that in the case of the Millennium Tower project, the Administration was working on a number of hybrid financing options to complete the project which will include an appropriate dose of public/private partnership. This is to ensure the commencement of commercial activities at the national monument.
Speaking on the 2020 budget, the FCT Minister said its performance was impacted by the outbreak of the COVID-19 Pandemic.
He revealed that the pandemic necessitated the downward review of the initial allocation of N62,407,154,360.00 to N29,657,154,360.00. Of this sum, he said that N15,000,000,000.00 representing 51% has so far been released.
Speaking earlier, the Chairman of the Senate Committee on the FCT, Senator Abubakar Kyari lamented the fact that the annual budgetary allocation to the FCT has declined over the years and said that his Committee, in discharging its duties will be transparent fair, courageous, and always be guided by the dictates of the constitution and rules of parliamentary convention.
On the entourage of the FCT Minister to the national assembly were the Permanent Secretary, Mr. Olusade Adesola, the Executive Secretary FCDA, Engr Umar Gambo Jibrin, and other senior relevant staff of the FCTA
Featured
NELFUND: The Renewed Hope Engine Propelling Nigeria’s Youth into Tomorrow
By Dayo Israel, National Youth Leader, APC
As the National Youth Leader of the All Progressives Congress, I have spent most of my tenure fighting for a Nigeria where every young person, regardless of their ward or local government, family income, or circumstance, can chase dreams without the chains of financial despair.
Today, that fight feels like victory, thanks to the Nigerian Education Loan Fund (NELFUND). Launched as a cornerstone of President Bola Ahmed Tinubu’s Renewed Hope Agenda, this initiative isn’t just a policy tweak; it’s a revolution. And under the steady, visionary hand of Managing Director Akintunde Sawyerr, NELFUND has transformed from a bold promise into a roaring engine of opportunity, disbursing over ₦116 billion to more than 396,000 students and shattering barriers for over a million applicants.
Let’s be clear: NELFUND was always destined to be a game-changer. Signed into law by President Tinubu on April 3, 2024, it repealed the outdated 2023 Student Loan Act, replacing it with a modern, inclusive framework that covers tuition, upkeep allowances, and even vocational training—ensuring no Nigerian youth is left on the sidelines of progress.
But what elevates it from groundbreaking to generational? Leadership. Enter Akintunde Sawyerr, the diplomat-turned-executioner whose career reads like a blueprint for results-driven governance. From co-founding the Agricultural Fresh Produce Growers and Exporters Association of Nigeria (AFGEAN) in 2012—backed by icons like former President Olusegun Obasanjo and Dr. Akinwumi Adesina—to steering global logistics at DHL across 21 countries, Sawyerr brings a rare alchemy: strategic foresight fused with unyielding accountability.
As NELFUND’s pioneer MD, he’s turned a fledgling fund into a finely tuned machine, processing over 1 million applications since May 2024 and disbursing ₦116 billion—₦61.33 billion in institutional fees and ₦46.35 billion in upkeep—to students in 231 tertiary institutions nationwide. That’s not bureaucracy; that’s brilliance.
Sawyerr’s touch is everywhere in NELFUND’s ascent. Since the portal’s launch, he’s overseen a digital ecosystem that’s as transparent as it is efficient—seamless verification, BVN-linked tracking, and real-time dashboards that have quashed misinformation and built trust. In just 18 months, the fund has empowered 396,252 students with interest-free loans, many first-generation learners who might otherwise have dropped out.
Sensitization drives in places like Ekiti and Ogun have spiked applications — 12,000 in a single day in one instance, while expansions to vocational centers in Enugu pilot the next wave of skills-based funding. And amid challenges like data mismatches and fee hikes, Sawyerr’s team has iterated relentlessly: aligning disbursements with academic calendars, resuming backlogged upkeep payments for over 3,600 students, and even probing institutional compliance to safeguard every kobo. This isn’t management; it’s mastery—a man who doesn’t just lead but launches futures.
Yet, none of this happens in a vacuum. President Tinubu’s alliance with trailblazers like Sawyerr is the secret sauce securing Nigeria’s tomorrow. The President’s Renewed Hope Agenda isn’t rhetoric; it’s resources—₦100 billion seed capital channeled into a system that prioritizes equity over elitism. Together, they’ve forged a partnership where vision meets velocity: Tinubu’s bold repeal of barriers meets Sawyerr’s boots-on-the-ground execution, turning abstract policy into tangible triumphs. It’s a synergy that’s non-discriminatory by design—Christians, Muslims, every tribe and tongue united in access—fostering national cohesion through classrooms, not courtrooms.
As Sawyerr himself notes, this is “visionary leadership” in action, where the President’s political will ignites reforms that ripple across generations.
Why does this matter to us, Nigeria’s youth? Because NELFUND isn’t handing out handouts—it’s handing out horizons. In a country where 53% of us grapple with unemployment, these loans aren’t just funds; they’re fuel for innovation, entrepreneurship, and endurance.
Picture it: A first-generation polytechnic student in Maiduguri, once sidelined by fees, now graduates debt-free (repayments start two years post-NYSC, employer-deducted for ease) and launches a tech startup. Or a vocational trainee in Enugu, equipped with skills funding, revolutionizing local agriculture. This is quality education that endures—not fleeting certificates, but lifelong launchpads. Sawyerr’s focus on human-centered design ensures loans cover not just books, but bread—upkeep stipends of ₦20,000 monthly keeping hunger at bay so minds can soar. Under his watch, NELFUND has debunked doubts, refuted fraud claims, and delivered results that scream sustainability: Over ₦99.5 billion to 510,000 students by September, with 228 institutions on board.
As youth leaders, we see NELFUND for what it is: A covenant with our future. President Tinubu and MD Sawyerr aren’t just allies; they’re architects of an educated, empowered Nigeria—one where poverty’s grip loosens with every approved application, and innovation blooms from every funded desk. This isn’t charity; it’s an investment in the 70 million of us who will lead tomorrow.
We’ve crossed one million applications not because of luck, but leadership—a duo that’s turning “access denied” into “future unlocked.”
To President Tinubu: Thank you for daring to dream big and backing it with action.
To Akintunde Sawyerr: You’re the executor we needed, proving that one steady hand can steady a nation.
And to every Nigerian youth: Apply. Graduate. Conquer.
Because with NELFUND, your generation isn’t just surviving—it’s thriving, enduring, and eternal.
The Renewed Hope isn’t a slogan; it’s our story, now written in scholarships and success. Let’s keep turning the page.
Dayo Israel is the National Youth Leader of the All Progressives Congress (APC).
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