Federal Capital Territory Administration loses N18bn in six years

By Hudu Yakubu, Abuja.

The Federal Capital Territory (FCT)

The Nigerian Federal Capital Territory Administration, FCTA, through its Department of Outdoor Advertisement and Signage (DOAS), has revealed that the agency lost eighteen billion Naira (N18bn Naira) in six years from clients and business owners involved in Outdoor Advertisement and Signage activities.

The Director of DOAS, Dr. Babagana Adam, disclosed this in an interview with newsmen immediately after a meeting with the Chairman, Abuja Municipal Area Council (AMAC), Alh. Abdullahi Adamu Candido.

Focus of the meeting was on how to synergize to stop the leakages by centralizing and controlling signage activities in Abuja, Nigeria’s capital city.

Speaking to newsmen, the Director disclosed that the administration is losing three billion Naira every year on Outdoors Advertisement and Signages:

“We have lost about 3 billion Naira each year and when you multiply it by six years, it’s 18 billion Naira that has been lost.

“Imagine how many schools, roads, poultry farms, livestock farms and ICT centres that would have been built with this money. So we have lost quite a lot of money.

“With this new development now, I don’t want to look at what we are losing. I would rather love that we strategize and synergize to put a stop to the money leakages.”

Dr Adam added that the aim of the visit was to have a unified signage and Advertisement collection point that will be remitted according to the bye law they entered into and the memorandum of understanding.

While assuring the Area councils that the department will be transparent in the MoU, he pledged to work with all the six area councils to achieve the desired goals.

Earlier, the AMAC Chairman, Hon. Abdullahi Adamu Candido, said the collaboration was overdue by the two organs of the government, the FCTA and AMAC.

The Chairman who stressed that both sides had suffered unnecessarily in the past admitted that the citizens suffered the most.

His words: “In the last three years, it has not been too good, because we all lost out – the reason why we must collaborate and have a new beginning to cement the relationship.

“We must harmonize to stop double payment by the clients.”

The AMAC boss therefore reiterated the resolve of the council to support DOAS to achieve its objective.

Amaka E. Nliam