Connect with us

News

Wike defends FCTA’s N1. 78 trillion 2025 budget

Published

on

Minister of the Federal Capital Territory (FCT), Nyesom Wike, on Wednesday defended the FCTA’s proposed N1.78 trillion 2025 statutory budget before the House of Representatives and Senate Committees on the FCT at the National Assembly.

In separate presentations, Wike highlighted that a significant 72.30 per cent of the total proposed budget, amounting to N1,289,690,124,776, was earmarked for capital expenditure while the remaining 27.70 percent, totaling N494,133,583,616 was for recurrent expenditure.

A detailed overview of the capital budget estimates presented by the Minister revealed key allocations of N80 billion for SUKUK loan projects, N25 billion for the Abuja Light Rail project, N15 billion for Abuja Greater Water Supply, and N250 billion from commercial loans to complete ongoing capital projects in the FCC and satellite towns.

The remaining N919,690,124,776 was dedicated to the completion of ongoing capital projects and counterpart-funded initiatives aimed at boosting socio-economic activities across the FCT.

Advertisement

Further breakdown of the capital expenditure showed that N801.5 billion was allocated to the FCDA, N137 billion to the STDD, and N351.2 billion to other Secretariats, Departments, and Agencies (SDAs) for their capital expenditures and select new projects.

Wike emphasised that the 2025 capital budget priorities the completion of critical ongoing infrastructure projects.

These include the completion of roads B6 and B12, full scope development of Arterial Road N20, provision of engineering infrastructure to Guzape, Wuye, and Maitama II Districts, extension of Inner Southern Expressway (ISEX), and full scope development of FCT Highway 105 (Kuje Road).

Other vital projects are the construction of Northern Parkway from Ring Road II to Ring Road III, full scope development of Arterial Road N20 from Arterial Road N5, rehabilitation of Old Keffi Road, full scope development of Arterial Road N1, and provision of access roads to Bus Terminals.

Advertisement

Additionally, the upgrading of Ushafa War College/Army Check Point Road, the construction of Pai-Gomani Road, and dualization of Kuje-Gwagwalada road are also included.

On recurrent expenditure, N150,353,906,168 (8.43 percent of the total) was proposed for personnel costs, while overhead cost was allocated N343,779,448 (19.27 percent).

Sectoral highlights of the FCT’s 2025 statutory budget proposal showed that infrastructural sector (Roads, Districts Development and Public Buildings) was allocated the sum of N383.5 billion, Transportation sector has a provision of the sum of N79.3 billion, education sector has a budgetary proposal of N181 billion while the health sector has a proposed sum of N54 billion in the year 2025.

Other sectors, such has environment, was allocated the sum of N22.9 billion, Water sector got the sum of N37.4 billion, agriculture got the sum of N8.3 billion, social development sector got the sum of N23.7 billion, legal services got N7.7 billion, land administration got N1.5 billion while Area Councils Services Secretariat was allocated the sum of N3.1 billion.

Advertisement

The Minister also outlined the FCT’s 2025 revenue fiscal framework, comprising distributable revenue of N1,392,573,937,087 and non-distributable revenue of N391,249,771,305.

Revenue sources include proceeds from the 1 per cent of the 52.68 percent statutory allocation of the Federal Government from the Federation Account, Internally Generated Revenue (IGR), and other sources as detailed in the Revenue Fiscal Framework.

Wike reiterated the FCT Administration’s commitment to completing ongoing projects, many of which were initiated by previous administrations.

He expressed the current administration’s determination to see the projects to conclusion.

Advertisement

The Minister acknowledged and commended the consistent support of the National Assembly to the FCT Administration, specifically praising the swift consideration of the 2025 statutory budget proposal.

“It’s not been long that Mr. President sent this to you and expeditiously, you’ve done the first and second reading and now we are in Committee stage. It has never happened. Since your inception, you have always given us that support. We have never suffered any delay in budget passage. We want to say that we will not take this for granted. We will continue to cooperate with you for the development of the FCT,” he stated, while urging for an accelerated passage of the FCT’s 2025 statutory budget proposal.

He also informed the lawmakers about the upcoming inauguration of completed infrastructure projects in the city center and satellite towns.

He informed the inaugurations were scheduled to take place over 19 days, commencing on June 10, 2025, to commemorate President Bola Ahmed Tinubu’s second anniversary in office.

Advertisement

Wike invitated the lawmakers to attend the significant events.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Just in: Trump plans visa restrictions on Nigerians, others

Published

on

By

United States President Donald Trump is considering imposing a travel ban on Nigeria and a host of other countries, mostly from Africa.

The affected countries are expected to meet new requirements laid down by the State Department within 60 days.

“The new list includes Angola, Benin, Burkina Faso, Cabo Verde, Cameroon, Côte d’Ivoire, Democratic Republic of the Congo, Djibouti, Ethiopia, Egypt, Gabon, Gambia, Ghana, Liberia, Malawi, Mauritania, Niger, Nigeria, São Tomé and Príncipe, Senegal, South Sudan, Tanzania, Uganda, Zambia, and Zimbabwe.

“The memo identified varied benchmarks that, in the administration’s estimation, these countries were failing to meet.

Advertisement

Some countries had “no competent or cooperative central government authority to produce reliable identity documents or other civil documents,” or they suffered from widespread government fraud.”

Others are Antigua and Barbuda, Dominica, Saint Kitts and Nevis, Saint Lucia, Bhutan, Cambodia, Kyrgyzstan, Syria, Tonga, Tuvalu, and Vanuatu.

The countries on the new list are also expected to submit to the State Department, on Wednesday, an initial plan of action to meet the new requirements.

In March, Trump had considered imposing a travel ban on 43 countries, while Nigeria was not on the list.

Advertisement

The 43 countries were divided into three groups: red, orange, and yellow.
The red group consists of 11 countries whose nationals would be barred from entering the US.

The orange group comprises 10 countries whose visas would be sharply restricted.

The countries under yellow were given 60 days to address concerns.

Advertisement
Continue Reading

News

BREAKING! 3 days after, another helicopter crashes in India, killing all crew and passengers(Photos)

Published

on

By

Sad! Three days after the devastating Air India Crash in Ahmedabad, a Bell 407 helicopter has crashed in Gaurikund, Uttarakhand, early Sunday morning, killing all seven people on board, including the pilot.

The accident occurred at around 5:30 AM in a remote area of the Himalayan state. According to Indian media reports, the aircraft was carrying five adult passengers, one infant, and the pilot when it went down.

Authorities have not yet confirmed the cause of the crash, but rescue teams have been dispatched to the site for recovery operations. The identities of the victims have not been released pending notification of their families.

Uttarakhand, a region with challenging terrain, has seen previous aviation incidents due to unpredictable weather and difficult landing conditions. Investigations into the crash are ongoing.

Advertisement
Continue Reading

News

Iran-bound businessman nabbed at PH airport for ingesting 53 wraps of cocaine

Published

on

By

. As NDLEA recovers tramadol consignments in winter jackets going to Europe at Lagos airport; intercepts N1.1billion opioids in Rivers; 2,687kg skunk in Cross River

Barely two weeks after operatives of the National Drug Enforcement Agency (NDLEA) at the Mallam Aminu Kano International Airport (MAKIA) Kano, intercepted a 60-year-old businessman Chinedu Leonard Okigbo heading to Iran with 65 pellets of cocaine in his stomach, their counterparts at the Port Harcourt International Airport (PHIA) have arrested another businessman, 44-year-old Ezemokwe Chukwuebuka Christian for ingesting 53 wraps of the same class A drug while on his way to Tehran Khomeini, Islamic Republic of Iran.
Ezemokwe was arrested at the Port Harcourt airport on Saturday 7th June while trying to board Qatar Airways flight QR1434 flying to Tehran Khomeini in Iran via Doha. After a body scan proved positive to ingestion of illicit drug, he was placed on excretion observation during which he expelled 53 wraps of cocaine in six excretions with a total weight of 1.172kg. The suspect claimed to have gone into the criminal trade two years ago, moving between the West African sub-region and Iran.

Similarly, NDLEA operatives at the Murtala Muhammed International Airport (MMIA) Ikeja Lagos in the early hours of Saturday 14th June intercepted an Italy bound passenger Edobor Ambrose Ali on an Air France flight. The NDLEA officers in collaboration with the Aviation Security of the Federal Airports Authority of Nigeria (FAAN), discovered drug consignments hidden in the luggage of the suspect during baggage scanning at the tarmac.

The suspect was thereafter brought down from the aircraft for baggage identification after which a thorough search of the bag led to the discovery of 14, 410 pills of tramadol 225mg and 200mg concealed in winter jackets. In his statement, Ebodor said he lives in Italy where he was hired and sent on the all expense paid trip to Nigeria to courier the drug consignments to Milan, Italy for a fee of 2000 Euros.
At the Port Harcourt Ports in Onne, Rivers state, NDLEA operatives on Friday 13th June intercepted a shipment of 157,800 bottles of codeine-based syrup worth over N1.1 billion naira in street value, during a joint examination of a watch-listed container with men of Customs Service and other security agencies. The opioid consignments were hidden behind 257 cartons of ceramic sanitary wares.
At least, three suspects: Friday Achibong Joseph, 47; Abraham Anthony Willy, 21; and Utibe David Okon, 24, were arrested on Thursday 12th June when NDLEA operatives raided a warehouse in Obereakai, Odukpani LGA, Cross River state, where a total of 2,687kg skunk, a strain of cannabis, was recovered. Same day in Bauchi state, NDLEA officers acting on credible intelligence, arrested the duo of Iriemi Imonikhe, 49, and Sa’idu Ladan, 30, along Bauchi -Jos road after 195 blocks of skunk weighing 287kg were discovered in their Toyota Camry car marked AKL 201 GG.
While 14 jumbo sacks of skunk weighing 560kg were recovered from a wooden boat at Oniru beach in Lagos by operatives of the Marine Command of NDLEA on Thursday 12th June, officers of the Muhammadu Buhari International Airport Maiduguri (MBIAM) same day arrested two businessmen: Ishaku Abdullahi, 30; and Buba Usman, 32, at the arrival hall of the domestic wing of the airport with various quantities of ecstacy pills and skunk packaged in fanciful wraps labelled as ‘Lychee’ and ‘Porro Legal’
The War Against Drug Abuse, WADA, social advocacy activities by NDLEA Commands equally continued across the country in the past week. Some of them include: WADA sensitization lecture delivered to students and staff of Command Secondary School, Orba, Uden LGA, Enugu; Divine Gift International School, Abakaliki, Ebonyi; Baptist Primary School, Ago-Are, Oyo; and St. Vincent Secondary School, Oti-Oron Okobo, Akwa Ibom state, among others.
While commending the officers and men of MMIA, PHIA, MBIAM, PHPC, Marine, Cross River, and Bauchi Commands of the Agency for the arrests and seizures of the past week, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) praised their compatriots in all the commands across the country for pursuing a fair balance between their drug supply reduction and drug demand reduction efforts.

Advertisement
Continue Reading

Trending

Copyright © 2024 Naija Blitz News