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Tinubu Okays N1.2trn 2024 Statutory Budget for FCT

Wike media chat FCT Budget

By Modupe Gbadeyanka A statutory budget of N1.2 trillion for the Federal Capital Territory (FCT) for the 2024 fiscal year has been approved by President Bola Tinubu. This information was confirmed on Tuesday morning by the Minister of FCT, Mr Nyesom Wike, during a media chat in Abuja. The N1.2 trillion budget, precisely N1.147 trillion, comprises N280 billion allocated for overhead, N140 billion earmarked for personnel, and N726 billion set aside for capital projects, bringing the total amount to N1.147 trillion. The approval of the estimated spending for the year followed the passing of the second reading of the FCT