Connect with us

News

National Assembly Okays N2.29tn FCT Budget, Sets 76% for Capital Projects

The National Assembly has approved a N2.285tn statutory budget for the Federal Capital Territory, with over 76 per cent allocated to capital projects and infrastructure development.

Published

on

National Assembly 1
  • The National Assembly has approved a N2.285tn statutory budget for the Federal Capital Territory, with over 76 per cent allocated to capital projects and infrastructure development.
VN62

The National Assembly on Thursday passed the 2026 Statutory Appropriation Bill for the Federal Capital Territory, approving a total expenditure of N2.285tn for the administration and development of the nation’s capital.

The approval followed the presentation and adoption of the harmonised report of the Senate and House of Representatives Committees on the FCT during plenary sessions in both chambers.

Presenting the report in the Senate, Senator Austin Akobundu said the joint committees recommended the N2.285tn budget from a projected revenue of N2.385tn.

According to him, the budget includes N165.7bn for personnel costs, N378.2bn for overhead expenditure, and N1.741tn for capital projects. He noted that 76.19 per cent of the total allocation was dedicated to infrastructure and development projects, while recurrent spending accounted for 23.8 per cent.

RECOMMENDED FOR YOU  IPOB Slams Akpabio Over ‘Peace Talk,’ Calls Remarks Political Blackmail

Akobundu explained that the appropriation process followed constitutional requirements and emerged after extensive consultations with officials of the Federal Capital Territory Administration.

Advertisement

“The committees met with the minister and other relevant officials of the FCTA and deliberated extensively on the subject matter,” he said.

Lawmakers commended the structure of the budget, describing it as development-driven and balanced. Deputy Senate President Jibrin Barau praised the spending plan, saying it reflected a strong commitment to infrastructural renewal in Abuja.

“A budget that you have a total of N2.2tn, and out of this, N1.7tn is going for capital, shows willingness and determination to continue to show FCT to the admiration of all,” Barau said.

RECOMMENDED FOR YOU  Why Shettima Is Heading FG Delegation to Kebbi Over Abducted Schoolgirls — Tinubu Explains

Senator Abdul Ningi also described the appropriation as well-structured and responsive to concerns previously raised during oversight engagements with the FCTA.

Advertisement

At the House of Representatives, lawmakers equally approved the FCT budget, alongside a N1.75tn budget for the Niger Delta Development Commission.

Chairman of the House Committee on the FCT, Muktar Betara, said the allocation would address personnel obligations, overhead costs, and critical infrastructure projects across Abuja and surrounding communities.

A breakdown of the approved expenditure showed that the FCTA secured N151.44bn for operations, while N6.79bn was allocated to strengthen security services in Abuja and satellite towns.

RECOMMENDED FOR YOU  Finally, Tinubu's Minister, Betta Edu Speaks On N585 Million Public Fund Transfer Into Private Account

DON’T MISS: IPOB Slams Akpabio Over ‘Peace Talk,’ Calls Remarks Political Blackmail

Advertisement

The education sector received N162bn for capital projects, engineering services secured the largest allocation of N758.15bn, while the satellite towns development department got N212.74bn.

For the NDDC, lawmakers approved N1.63tn for development projects across the Niger Delta region, alongside allocations for personnel, overhead, and internal capital expenditure.

The passage of the budgets is expected to support infrastructure expansion, security improvements, and development projects in both the FCT and the oil-producing Niger Delta region.

WhatsApp
Advertisement

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Advertisement

WATCH: Nigeria Newspaper Headline Today

Apply For Latest Job Openings

Trending

Elrufai and Atiku Elrufai and Atiku
Politics10 hours ago

BREAKING: Atiku Appoints El-Rufai, Hayatu-Deen in ADC Presidential Campaign Council

Atiku Abubakar has announced the appointment of Nasir el-Rufai and Mohammed Hayatu-Deen to key positions in his African Democratic Congress,...

neco 1 neco 1
Education11 hours ago

NECO Releases 2026 SSCE Results, Records Drop in Examination Malpractice

NECO has released the 2026 SSCE results, with 1,496 candidates recorded for examination malpractice, representing a 64.74% decrease from 2025.

image 39 image 39
Sports17 hours ago

PHOTOS: Anthony Joshua Endures ‘Torture’ Training Ahead of Fury Fight

Anthony Joshua has stepped up his preparations for a potential Tyson Fury showdown with an unusual stretching machine that has...

umahi niger bridge umahi niger bridge
News18 hours ago

Umahi Orders Tinubu’s Pictures on First Niger Bridge

Works Minister David Umahi has ordered that President Bola Tinubu’s pictures be displayed on the First Niger Bridge after its...

inec chair inec chair
Politics18 hours ago

INEC to Deploy Intelligence Against Vote Buying Ahead of 2027 Elections

INEC Chairman Joash Amupitan says the commission will activate intelligence operations and pursue a joint task force to tackle vote...

BREAKING: EFCC Bans Dollar Transactions, Orders Embassies To Charge In Naira BREAKING: EFCC Bans Dollar Transactions, Orders Embassies To Charge In Naira
News18 hours ago

Diverting Tithes, Offerings, Others to Private Businesses is a Criminal Offence – EFCC Warns Churches

The Economic and Financial Crimes Commission, EFCC, has warned religious leaders against diverting tithes, offerings, zakat and other funds entrusted...

enugu airr enugu airr
News18 hours ago

Enugu Air Launches First International Flight to Cameroon

Enugu Air, Enugu Airport, Douala, Cameroon, Nigeria-Cameroon, International Flight, Peter Mbah, Enugu State, Akanu Ibiam International Airport,

alchohol alchohol
World News19 hours ago

Canadian Government Warns Citizens Against Buying Alcohol in Nigeria

The Canadian government has warned its citizens travelling to Nigeria to be cautious about where they buy alcohol following reports...

ipobbb ipobbb
News19 hours ago

Kanu Was Discharged. The Courts Refused to Let the Law Stand.

A lawyer, Christopher Chidera, has challenged the legal foundation of Nnamdi Kanu’s conviction, questioning how quashed charges and a repealed...

obi kwankwaso obi kwankwaso
Politics2 days ago

2027: OK Movement Rejects NDC Takeover, Vows to Keep Its Structures

The Obi-Kwankwaso Movement has rejected calls for support groups to operate under the Nigeria Democratic Congress, insisting that it will...

Advertisement