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Nigeria’s House of Reps Approves N61.55bn FCT Supplementary Budget

12.9bn will go towards overhead costs, while the remaining 48.65 billion will go towards capital projects.

The House of Representatives on Thursday approved a N61.55 billion Federal Capital Territory (FCT) supplementary budget for the financial year ending December 31, 2023.

The approval followed the passage of the 2023 supplementary appropriation bill for the FCT through third reading during plenary on Thursday.

This was as the House considered 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 (FCTA) Statutory Revenue Fund for the total sum of N61, 553, 778, 260.

The total approved sum, N12.90 billion is for overhead costs (recurrent expenditure) while the balance of N48.65 billion is for capital projects.

The FCT administration was allocated N2.2 billion, FCT Human Resources Management Department N3.3 billion, Department of Information and Communication N2.8 billion and Legal Secretariat N1 Billion from the overhead costs.

However, others are Facilities Maintenance and Management Department – N1.6 billion, Abuja Environmental Protection Board N1.5 billion and Satellite Towns Development Department N500 million.

The capital expenditure engineering services was appropriated N30.54 billion, Public Building (FCDA)-N15.11 billion and Bus Rapid Transit and Transport Regulations (BRT&TR), N3 billion.

Juliet Akoje in Abuja

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