Adeyemi made the announcement while speaking with newsmen after inspecting projects in the FCT with members of the committee.
According to Adeyemi, members of the committee are "very pleased" with the on-going water project in the territory.
The pace of development of the project, he assured, would make the supply of water a reality.
"We have been given the assurance that once the water project is completed and the pumps are working, the problem of water shortage will be a thing of the past in the FCT."
Adeyemi was optimistic that the National Assembly would do everything within its power to pass the 2013 Appropriation Bill before the end of the year. He observed that the 2012 budget implementation was poor largely due to its late passage which led to late release of funds.
The chairman, however, assured that the 2013 budget would not suffer the same fate.
"The National Assembly is doing all it can to ensure that it passes the budget before members go on recess.
"By doing that, we expect proper implementation of the budget by January 1, without reservation.
"We had problems passing the budget early last year but if we pass the budget before the end of the year, there will be no excuse for money not to be made available," Adeyemi stated.
He said that members were embarking on the oversight before final approval of the budget, to enable them approve money for projects based on the need of each project.
"The oversight will enhance the final approval of the budget because what we will appropriate will be exactly what is required.
We have told the executive that we are going to tamper with the budget by not passing it as it was presented to us.
"The essence of the National Assembly approving the budget is to make sure that what is allocated to each project and each sector is what is required," he added.
Adeyemi noted that there were some projects that members had reservations about, adding that the committee would continue the oversight in another two weeks to get more details.
Earlier at the FCT Agriculture and Rural Development Secretariat, the Secretary, Mrs Olvadi Madayi, told the committee that the secretariat started the 2012 grains sales programme in August.
Madayi said a total of 100.4 tones of assorted grains were mopped up at guaranteed minimum prices. She said the grains were sold to the public at 50 per cent subsidised cost and at a time when prices of grains went high in the market.
The secretary added that the grains were mopped up from FCT farmers during 2011 farming season to address their post harvest losses.
She further stated that the secretariat released the grains in August to stabilise prices of grains. (NAN)