Tinubu presents N1.78tn FCT budget to Senate, seeks speedy approval

Tinubu presents N1.78tn FCT budget to Senate, seeks speedy approval

President Bola Tinubu has forwarded a proposed N1.783 trillion budget for the Federal Capital Territory (FCT) to the Senate, seeking speedy approval for the 2025 fiscal year.

In a formal message to the upper legislative chamber on Wednesday, the President called for urgent consideration of the bill, emphasizing its importance in delivering a functional and responsive administration for FCT residents.

To expedite the legislative process, the Senate activated Order 78, which allowed the appropriation bill to pass its second reading on the same day it was introduced.

Despite the swift movement, the procedure was met with resistance. Senator Abdul Ningi, a member of the opposition, objected under Order 77 (3 and 4), arguing that lawmakers had not received copies of the bill before the discussion commenced.

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The Senate subsequently proceeded with a debate on the bill’s general principles.

Presenting the proposal, Senate Leader Opeyemi Bamidele stated that the bill aims to permit the release of ₦1,783,823,708,392.00 from the FCT Administration’s Statutory Revenue Fund. These funds are intended to cover personnel, overhead, and capital expenses from January 1 to December 31, 2025.
According to Bamidele, the budget allocates ₦150.35 billion for personnel expenses, ₦343.78 billion for overhead costs, and ₦1.29 trillion for capital development.

He stressed that the core goal of the budget is to sustain a results-driven administration with  the continuation of existing projects in the FCT and  the introduction of new ones deemed crucial.

Tinubu presents N1.78tn FCT budget to Senate, seeks speedy approval