Rep passes N329 billion FCT budget

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

The Chairman, House Committees on Federal Capital Territory and FCT Area Councils and Ancillary Matters, Abdullahi Garba, disclosed this after he presented the report of the Committees in Abuja on Wednesday.

According to NANS, 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, and N196,911,494,243.00 as balance for Capital projects for the Financial Year Ending 31 December.

It can be recalled that the Federal Economic Council approved the sum of N82 billion for the completion and rehabilitation of infrastructure projects in the Federal Capital Territory. The projects range from the Federal Secretariat to the expansion of the outer Southern Expressway and many others