…allocate 85% for completion of ongoing projects, 15% new projects
By Gloria Ikibah
President Bola Tinubu is seeking approval of the National Assembly for the sum of N1.784 trillion statutory budget of Federal Capital Territory (FCT) for the year ending 31st December, 2025.
This was contained in a letter from the President Tinubu to Speaker Tajudeen Abbas on Tuesday at plenary.
The letteer reads: “In pursuant to section 299 of the constitution of Federal Republic of Nigeria, 1999 as amended, which based legislative powers over the Federal Capital Territory, FCT Abuja on the National Assembly.
“I hereby present the 2025, FCT budget proposal to the House of Representatives for consideration the 2025 FCT budget proposal prioritize investment in healthcare services, job creation, youth empowerment, social welfare services, education infrastructure, as well as increase in productivity in agriculture.
“Our objective is to lift, as many of our citizens out of poverty, as we can.
“The House of Representatives is invited to know that, on the basis of revenue focused for the fct, A total expenditure of 1,783,823,708,392 trillion is propose for the year 2025.
“As such, 85% of capital expenditure is dedicated to the completion of ongoing projects while 15% is for new capital projects so as to sustain ongoing efforts at providing basic infrastructure and social amenities in the FCT
“I hereby forward the 2025 FCT statutory proposals and trust that it would receive expeditious consideration and passage by the House of Representatives.”
