The House of Representatives has approved N61.55 billion Federal Capital Territory (FCT) supplementary budget for the financial year ending 31 December 2023.
This followed the passage of the 2023 Supplementary Appropriation (budget) Bill for the FCT through the third reading at plenary yesterday.
It was also a sequel to the consideration of the report of the House Committee on FCT chaired by Hon. Aliyu Betara 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 N61, 553, 778, 260”.
Of the total approved sum, N12.90 billion is for overhead costs (recurrent expenditure) while the balance of N48.65 billion is for capital projects.
From the overhead costs, the FCT Administration is allocated N2.2 billion, the FCT Human Resources Management Department – N3.3 billion, the Department of Information and Communication -N2.8 billion and Legal Secretariat – N1 billion.
Others are Facilities Maintenance and Management Department – N1.6 billion, Abuja Environmental Protection Board – N1.5 billion and Satellite Towns Development Department – N500 million.
For the capital expenditure Engineering Services (FCDA) is appropriated N30.54 billion, Public Building (FCDA) – N15.11 billion and Bus Rapid Transit and Transport Regulations (BRT&TR) – N3 billion.
