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Lawmakers approve N329b FCT budget


House Majority Leader

The House of Representatives, on Wednesday, passed a budget of N329,963,491,523 for the Federal Capital Territory (FCT).

This was disclosed by Chairman, House Committees on Federal Capital Territory and FCT Area Councils and Ancillary Matters, Rep. Abdullahi Garba, after he presented the report of the Committees in Abuja, the News Agency of Nigeria reports.

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It was revealed that the report was a bill for an Act to authorise the issue from the Federal Capital Territory Administration’s (FCTA) statutory revenue fund of the FCTA Account to the House for consideration.

The breakdown of the budget includes:

N74,323,382,813.00 is for Personnel Costs.
N58,728,614,466.00 is for Overhead Costs.
N196,911,494,243.00 as balance for Capital projects for the Financial Year Ending 31 December.

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