Tinubu presents N1.78trn FCT budget to Reps

Tinubu presents N1.78trn FCT budget to Reps

President Bola Tinubu on Tuesday submitted a ₦1.78 trillion budget proposal for the Federal Capital Territory (FCT) to the House of Representatives, calling on lawmakers to expedite its passage in order to drive key development initiatives in the nation’s capital.

The proposed ₦1,783,823,708,309 budget was formally delivered through a letter addressed to Speaker of the House, which was read during plenary at the National Assembly in Abuja.

President Tinubu noted that the submission was in accordance with Section 299 of the Nigerian Constitution, which authorizes the president to present the FCT’s annual budget before the legislature.

READ ALSO:

• Trump appeasing Putin with pressure on Ukraine, Biden tells BBC
• Nnamdi Kanu wanted Benue, Kogi to join Biafra, says DSS witness
• Drones strike Kyiv, Moscow, as Putin plans WW2 parade

In his letter, the president emphasised that the proposed budget would boost key sectors, including health, social welfare, agriculture, and employment.

“The passage of the budget would facilitate investment in health and social welfare, increase agricultural production, and improve the creation of jobs,” he wrote.

Highlighting the budget’s priorities, Tinubu revealed that 85% of the total allocation would be directed toward completing ongoing infrastructure and development projects, while the remaining 15% would fund new initiatives.

“I urge the National Assembly to give this budget the urgent attention it deserves, in the interest of accelerating development within the FCT.”

The proposed budget is one of the largest ever for the FCT.

Tinubu presents N1.78trn FCT budget to Reps