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Reps Panel Approves N288bn FCTA Supplementary Budget

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By Gloria Ikibah
The House of Representatives’ Committee on the Federal Capital Territory (FCT) has approved a N288 billion supplementary budget for the FCT Administration (FCTA).
Naijablitznews.com reports that in a letter transmitted from President Bola Tinubu to Speaker Abbas Tajudeen, the budget includes N8 billion from Internally Generated Revenue (IGR) and N280 billion from miscellaneous revenues. This supplementary budget aims to cover additional funds needed for FCTA projects.
During the budget defense meeting, Chairman House Committee on FCT, Rep. Aliyu Muktar Betara, explained that the urgency of passing the budget was to support critical development projects in the FCT.
Betara further stated that the FCT Minister had confirmed that most of the budget’s requests for additional funds were already part of the 2024 statutory budget passed by the National Assembly. He also clarified that there are no new projects, except for two new line items.
The Committee agreed to present the report during Thursday’s plenary, as the projects need to begin immediately due to time constraints.
In President Tinubu’s letter to Speaker Abbas, he highlighted the progress made on ongoing projects in the FCT:
“Indeed, residents of the Federal Capital Territory are in high spirits and excited by the scale of ongoing projects within the City Centre and across the six Area Councils. The socio-economic impact is gratifying and shows that the President’s Renewed Hope Agenda is being fulfilled quickly”, the statement reads in part.
The President also emphasized the importance of capital projects in the 2024 budget of the FCT, which will significantly impact infrastructure and manpower development.
He stressed that some critical projects were left out of the 2024 budget and must be included to meet the 30 per cent procurement requirement under the law.
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Just in: Ex- Benue SSG, David Salifu killed in suspected kidnappers’ attack

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Ex- Secretary to the Benue State Government (SSG), Prof. David Salifu, has died after reportedly sustaining gunshot injuries during an attack by suspected kidnappers.

According to reports, the incident occurred on Thursday in Wukari, Taraba State, while Prof. Salifu was travelling to Makurdi.

He was said to have escaped from the assailants but suffered gunshot wounds during the attack.

He was rushed to a hospital in Makurdi for treatment but was later confirmed dead on Thursday night.

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Further details surrounding the incident are still emerging, while authorities are yet to issue an official statement on the attack.

Efforts to reach Police Public Relations Officer, PPRO, on the Benue Command were futile as she didn’t answer call.

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DAY 18 of Projects Commissioning in the FCT

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President Tinubu Will Commission Roads To Renewed Hope Cities, Estates in Karsana West Today

#FCTProjects2026
#FCTProjectsCommissioning

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FG Clears Inherited N39.6bn Pension Arrears Under Renewed Hope Agenda Drive

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The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has received the Executive Secretary of the Pension Transitional Arrangement Directorate (PTAD), Mrs. Tolulope Odunaiya, on a briefing over the successful settlement of more than ₦39.6 billion in longstanding pension liabilities under the Defined Benefit Scheme (DBS).

The briefing highlighted another milestone in the implementation of President Bola Ahmed Tinubu’s Renewed Hope Agenda, following the Federal Government’s clearance of inherited pension obligations that had remained outstanding for years.

Mrs. Odunaiya informed the Minister that the payments comprise ₦25.05 billion representing the outstanding 35-month pension liability owed to 9,675 eligible pensioners of the defunct NITEL/MTEL; ₦9.48 billion representing the initial 50 per cent payment of the Back End Computation (BEC) arrears to 3,959 eligible PHCN pensioners; and ₦5.09 billion representing the balance 50 per cent payment of the 10.66 per cent and 12.95 per cent pension increment arrears due to 11,180 eligible pensioners of the defunct Assurance Bank, NICON, NITEL and People’s Bank of Nigeria.

She explained that the settlement followed Presidential approval granted in August 2025, with the required funding subsequently provided under the 2026 Appropriation Act.

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According to her, the exercise has now brought to a close all inherited pension liabilities under the Defined Benefit Scheme, providing long-awaited relief to thousands of pensioners.

Commending PTAD for the successful execution of the exercise, the Honourable Minister said the settlement demonstrates the Federal Government’s resolve to address longstanding obligations through prudent fiscal management and responsible governance.

“For many pensioners, this is more than the settlement of outstanding arrears; it is the restoration of confidence and dignity. The Ministry of Finance will continue to support measures that strengthen public financial management while ensuring that government obligations are met in a sustainable and timely manner,” Mr. Oyedele said.

The development marks another milestone in the implementation of the Renewed Hope Agenda, reflecting the Federal Government’s focus on meeting longstanding obligations, strengthening public confidence and improving the welfare of pensioners.

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