Senate passes FCTA’s N2.2trn 2026 Appropriation Bill to second reading <\/p>\n
By George Mgbeleke <\/p>\n
Senate, on Wednesday at plenary passed for second reading the Federal Capital Territory Administration, FCTA 2026 Appropriation Bill, authorizing the issuance of N2.2 trillion from the FCT statutory revenue fund.<\/p>\n
The passage of the Bill followed consideration of the lead debate presented by the Senate Leader, Senator Opeyemi Bamidele (APC Ekiti Central) during plenary.<\/p>\n
Bamidele explained that out of the total budget, N165.8 billion is allocated for personnel costs, N378.2 billion for overheads, and N1.657 trillion for capital projects.<\/p>\n
According to him, the capital projects allocation is expected to drive development in the Federal Capital Territory, and improve the quality of life for residents.<\/p>\n
He highlighted Abuja\u2019s unique role as the nation\u2019s capital and emphasized that the budget seeks to support infrastructure, social services, public utilities, health facilities, educational institutions, and transportation networks to enhance the quality of life for residents and visitors.<\/p>\n
The bill also mandates monthly and quarterly reports to the National Assembly to ensure transparency and value for money in project execution.<\/p>\n
Bamidele added that the FCTA 2026 budget is expected to focus on key areas such as infrastructure development, healthcare, education, and security, among others.<\/p>\n
Contributing, the Deputy Senate President, Senator Jibrin Barau (APC Kano North) praised the N1.6 trillion allocation for capital projects, saying it shows the seriousness of the FCTA in the physical development of the Territory.<\/p>\n
In his remarks, the Senate President, Senator Godswill Akpabio commended President Bola Tinubu and the FCT Minister, Nyesom Wike for their commitment to the Territory’s development, especially in terms of roads infrastructure, public buildings, and other social amenities.<\/p>\n
The Senate President referred the bill to the Committees on the Federal Capital Territory and Area Councils for further review before returning to plenary in one week.<\/p>\n","protected":false},"excerpt":{"rendered":"
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