By Eunice Orike
The Federal Capital Territory Administration (FCTA) has approved an insurance policy to cover its movable and immovable assets against various risks, including damage, loss, or disruption.
The policy, which was approved by the Minister of FCT, Nyesom Wike, aims to ensure government business continuity and minimize financial losses in the event of unforeseen incidents.
The Head of Service, Grace Adayilo who disclosed this while briefing journalists at the just concluded 2025 first security exco meeting, explained that the policy is a directive from the federal government, mandating the compulsory insurance of government assets, properties, buildings under construction, and public fundings.
She noted that the policy falls under sections 64 and 65 of the Act, dated July 21st, 2018.
According to the Head of Service, the insurance policy will cover FCTA’s assets for a period of 12 months, and is valued at N795,067,438.99k.
In addition to the insurance policy, the coordinator, satellite towns development department (STDD), Abdulkadir Zulkiflu, explained that the FCTA has also approved several infrastructure projects, including, Power Supply and Solar Street Lights, The construction of 33 KV power supply from Dawaki to Bwari and Solar Street Lights system in Arab Road and U-Shaped Road, to improve the security system in satellite towns, especially during dark hours.
The project, which was awarded to CGC Nigeria Limited, is expected to be completed within six months.
Other projects according to him, is the construction of multi-event sports centers in Abuja, Lot 1 and 2, to promote sports development and recreation in the FCT.
The project, which was awarded to Earth-Gain Energy and Environmental Services Limited and Twaga Twaga Nigeria Limited, is expected to be completed within 12 months.
And also the construction of 2 magistrate courts in Asokoro and Garki districts, to enhance the administration of justice and improve service delivery in the FCT.
The projects, which were approved for N7.6bn and N6.3bn respectively, are expected to be completed within 15 and 18 months.
However, Zulkiflu, explained that the projects are in line with the renewed hope agenda of President Bola Tinubu and aim to improve the lives of residents in the Federal Capital Territory.
