Latest news

Tinubu Seeks Senate Approval For N1.783trn FCT Budget


President Bola Tinubu on Wednesday conveyed a proposed ₦1.783 trillion statutory appropriation bill for the Federal Capital Terriority (FCT) to the Senate for consideration and approval for the 2025 financial year.

Tinubu urged the Senate to give the bill expedited consideration, noting that its passage was critical to ensuring an effective and service-oriented administration for residents of the FCT.

Responding to the request, the Senate invoked Order 78 to allow the bill to scale second reading the same day it was introduced.

However, the fast process did not go without a grudge as an opposition lawmaker, Senator Abdul Ningi, raised concerns about the procedure under Order 77 (3 and 4), pointing out that lawmakers had not been provided with copies of the bill prior to the debate.

READ ALSO

The Senate, therefore, began debate on the general principles of the FCT Statutory Appropriation Bill for the 2025 fiscal year.

Leading the debate on the bill, the Senate Leader, Opeyemi Bamidele, explained that the proposed legislation seeks to authorise the issuance of ₦1,783,823,708,392.00 trillion from the FCT Administration’s Statutory Revenue Fund to finance personnel, overhead, and capital expenditures between January 1 and December 31, 2025. 

The budget breakdown includes N150.35 billion for personnel costs, N343.78 billion for overhead, and N1.29 trillion allocated for capital projects. 

Bamidele underscored that the primary objective of the budget was to drive an effective and enduring service-oriented administration, with a strong focus on completing ongoing projects that have significant impacts on infrastructure and essential services in Abuja.

 



Tags :

Related Posts

Must Read

Popular Posts

The Battle for Africa

Rivals old and new are bracing themselves for another standoff on the African continent. By Vadim Samodurov The attack by Tuareg militants and al-Qaeda-affiliated JNIM group (Jama’a Nusrat ul-Islam wa al-Muslimin) against Mali’s military and Russia’s forces deployed in the country that happened on July 27, 2024 once again turned the spotlight on the activities...

I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...