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Senate Approves N1.8trn 2025 FCT Budget

Jerry Emmason by Jerry Emmason
1 year ago
in News
Minister of the Federal Capital Territory (FCT), Nyesom Wike

Minister of the Federal Capital Territory (FCT), Nyesom Wike

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The Senate has approved the sum of N1.8 trillion for the 2025 Federal Capital Territory Administration (FCTA) Statutory Appropriation Bill.

The approval followed the presentation of the report on the Bill by the Chairman of the Senate Committee on FCT, Senator Bomai Ibrahim (APC–Yobe), during plenary on Wednesday in Abuja.

Presenting the report, Senator Bomai said the Senate and the House of Representatives Committee on FCT met with the Minister of the FCT and other relevant officials to deliberate on the Appropriation Bill.

He explained that the breakdown of the budget included a personnel cost of N106 billion, overhead of N352 billion, and a total recurrent expenditure of N502 billion. The proposed capital expenditure was N1.3 trillion.

According to him, the total personnel cost constitutes 8.29 per cent of the budget, recurrent expenditure accounts for 27.69 per cent, while capital expenditure makes up 72.31 per cent.

He further stated that out of the 72.31 per cent allocated to capital expenditure, 85 per cent is dedicated to ongoing projects, while 50 per cent is earmarked for new projects.

Bomai noted that the standard best practice for budget framework is typically 70 per cent for capital cost and 30 per cent for recurrent expenditure. He commended the FCT budget structure for exceeding the benchmark.

“It is commendable that the FCT budget has 72.31 per cent for capital expenditure and 27.69 per cent for recurrent. This shows that the structure of the budget is in conformity with best practices,” he said.

Contributing to the debate, Deputy Senate President Barau Jibrin (APC–Kano) praised the leadership of the FCTA for its performance in administering the Capital territory.

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He urged the Senate to support the efforts of the FCT Minister and his team to improve infrastructure development through the approval of the budget.

The Senate subsequently passed the 2025 FCTA Statutory Appropriation Bill into law.

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