adplus-dvertising
Business News

Senate approves N1.8 Trillion 2025 Statutory Appropriation FCT Bill, targets ongoing projects, others 

WATCH THE VIDEO HERE

The Senate has approved N1.8 trillion for the 2025 Federal Capital Territory Administration (FCTA) Statutory Appropriation Bill, targeting ongoing projects in the nation’s capital, among other priorities.

This approval followed the presentation of the report of the Committees on FCT on the bill by the Chairman of the Committee, Sen. Bomai Ibrahim (APC-Yobe), at plenary on Wednesday.

Ibrahim, in his report, confirmed that the Senate and the House Committee on FCT met with the Minister of the FCT, Nyesom Wike, and other relevant officials of the FCT administration to deliberate on the appropriation bill.

According to Ibrahim, the budget breakdown includes personnel costs of N150.35 billion, overhead costs of N352.03 billion, while total recurrent expenditure was proposed at N502.38 billion.

He commended the FCT administration’s budget, which stood at 72.31 percent capital and 27.69 percent overhead.

“This shows that the structure of the budget is in conformity with best practice,” he said.

Subsequently, the Senate passed the 2025 FCTA statutory appropriation bill.

The bill was passed for second reading on May 14, 2025.

WATCH FULL VIDEO

WATCH THE VIDEO HERE