The Senate has approved a total sum of 1.8 trillion for the 2025 Federal Capital Territory Administration (FCTA) Statutory Appropriation Bill.
This followed the presentation of report of Committee on FCT on the Bill by Ibrahim Bomai (APC Senator -Yobe), the Chairman of the Committee at plenary on Wednesday.
Ibrahim, in his report, said the Senate and the House of Representatives Committee on FCT met with the Minister and other relevant officials of the FCT administration to deliberate on the Appropriation Bill.
He said the breakdown of the budget includes personnel cost of N106 billion, overhead of N352 billion, total recurrent was proposed for N502 billion while capital expenditure proposed was N1.3trillion.
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He said the total personal cost constitutes 8.29% of the budget while the total recurrent of the budget constitute 27.69% while the total capital was 72.31%.
He said out of the 72.31%, 85% of the capital was dedicated to ongoing projects, adding that only 50% of the capital was for new projects.
According to him, the best practice for budget framework was usually 70% for capital and 30% for recurrent.
He, however, said it was commendable that FCT budget has 72.32% for capital and 27.69% overhead.
“This shows that the structure of the budget is in conformity with the best practice,” he said.
Contributing, Barau Jibrin (APC Senator -Kano) said the leadership of FCTA had done well in the administration of the FCT.
He said Senate should support the laudable efforts of the FCT minister and his team to improve infrastructure development by approving the budget.
