Food

Nigerian Senate Approves Federal Capital Territory Budget

By Edwin Akwueh, Abuja

0 329

The Nigerian Senate has approved a sum of N607.952 billion budget for Federal Capital Territory Administration, FCTA for 2022 fiscal year.

Breakdown of the budget showed that the sum of N76,565,904,857 is for personnel costs and N138,199,851,110 is for overhead costs while the balance of N393,182,267,614 is earmarked for capital expenditure.

The Senate approved the FCT budget following the consideration of the report of its Committee on FCT, chaired by Senator Smart Adeyemi.

Addressing newsmen shortly after the passage of the Appropriation Bill for President Muhammadu Buhari’s assent, Senator Adeyemi listed some critical areas that the new budget seeks to address in the capital territory.

According to him, the National Assembly deliberately put the capital expenditure at 64 per cent of the total budget to ensure that all ongoing projects are completed for the benefit of residents of the FCT.

He also disclosed that a lot of money is earmarked for  education in order to provide more class rooms and other necessary education materials in all FCT schools.

Senator Adeyemi however, explained that the delay in the  passage of the 2022 budget will not affect the capital implementation aspect of the budget.

 

Confidence Okwuchi

Leave A Reply

Your email address will not be published.