The House of Representatives passed the 2024 budget for the Federal Capital Territory (FCT) totaling N1.28 trillion on Tuesday.
The budget was presented by Hon Mukhtar Betara, the chairman of the House Committee on FCT, during the plenary session.
Betara said: “The House do receive the Report of the Committees on Federal Capital Territory and Federal Capital Territory Area Councils and Ancillary Matters on a Bill for an Act to Authorise the issue from the Federal Capital Territory Administration’s Statutory Revenue Fund of the Federal Capital Territory Administration Account, the total sum of (N1,282,270,610,283.00) one trillion, two hundred and eighty two billion, two hundred and seventy million, six hundred and ten thousand, two hundred and eighty three Naira, only.”
Out of the total amount, N140.915 billion is allocated for personnel costs, N373.027 billion for overhead costs, and N768.328 billion for capital projects in the service of the Federal Capital Territory, Abuja.
FCT Minister Nyesom Wike defended the proposed budget before the joint House Committee on FCT and the Committee on FCT Area Councils and Ancillary Matters on Monday.
Wike requested approval from lawmakers to use the controversial security vote of the FCT to address insecurity in the capital city.
