The Minister of the Federal Capital Territory, Nyesom Wike, has declared the On-Street Parking scheme, otherwise known as the ‘Park-and-Pay’ scheme, to be illegal, citing fraud in the contract agreement between the managing contractors and the FCT.
The Minister made this statement on Wednesday during a media briefing to mark his first year in office as the FCT Minister.
The scheme, initially introduced in 2014, was reintroduced in 2023 after the FCT administration signed a whopping N908.3 billion agreement with concessionaires NAJEC Limited and Messrs Automaten Technik Bauman Nigeria Limited, with an estimated N26.93 billion revenue for a 10-year term each.
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The then Permanent Secretary of the FCT, Olusade Adesola, who signed the agreement on behalf of the FCT in August 2023, had stated that the reintroduction of the scheme was with the consent of the six area councils and that the scheme aimed to entrench orderliness and organisation in the city.