Over two hundred and forty one billion Naira (N241, 467,231,031) has been proposed by the Nigeria’s Federal Capital Territory Administration for spending in the 2016 fiscal year for its capital and recurrent expenditures.
The FCT Minister, Malam Muhammad Musa Bello disclosed this while defending the 2016 FCT statutory budget before the Senate Committee on FCT at the National Assembly Complex, Abuja, Nigeria’s capital.
Malam Bello noted that out of the N241, 467,231,031 proposed, a total sum of N149, and 056,610,051 which represents 61.73 percent goes to capital expenditure.
He said that the personnel cost gets N52, 371,352,360 which also represents 21.69 percent of the total expenditure.
The Minister also revealed that, the overhead was the least with N40, 039,268,620 out of the N241, 467,231,031 which is 16.58 percent.
While comparing the budget and the previous ones, the Minister explained that the 2016 budget was a departure from the previous ones because of the importance the Administration attaches to infrastructural development of the entire Federal Capital Territory, adding that N2, 400,000,000 has been set aside for debt servicing.
He assured the Senate Committee on FCT that attention would be given to on-going projects at the fiscal year to fast track solid development of the Federal Capital Territory.
Malam Bello further explained that the cleanliness of Abuja remains a top priority of the Administration that lead to a complete change of leadership at the Abuja Environmental Protection Board (AEPB) that was now being assisted with an enforcement team of 200 security personnel drawn from the Nigeria Police Force and Nigeria Security and Civil Defence Corps led by a retired Squadron Leader.
The Minister emphasized that significant activities would be noticed in that area because cleanliness has no alternative.
In his opening remarks, the Chairman of the Senate Committee on FCT, Senator Dino Malaye promised that the Committee will work assiduously to pass the Appropriation Bill into law.