10 November 2017

Nigeria: Senate Passes N222 Bn Budget for FCT

Abuja — Following consideration of the Senate Committee on FCT report presented by its chairman, Senator Dino Melaye, Senate yesterday approved N222 .3 billion for 2017 Federal Capital Territory budget.

Senator Melaye, who led the debate on his committee's report, said that N52.5 billion is earmarked for the personnel cost, N41.3 billion was allocated for overhead costs which made the total recurrent expenditure to be N93.8 billion, while the Capital Expenditure is N128.4 billion.

According to Melaye, the budget for personnel cost is intended to cushion the effect of the promotion, yearly increment and engagement of new but essential staff.

He added that personnel cost in the budget constitute 23.64 per cent of the FCT statutory budget proposal while the overhead costs constitute 18.20 per cent of the FCT 2017 budget while the capital budget is 58 per cent of the total budget.

On the overhead costs, he said the provision in the budget is to enhance the operational cost of Secretariat, Departments and Agencies (SDAs) in order to improve performance and meet up with revenue target.

Melaye said the budget also made provision for some critical services such as security, city cleaning, traffic management, chemicals for water treatment etc.

Enumerating various capital projects that will be done in the 2017 FCT budget, Melaye said projects like expansion of Airport and Kubwa Expressways, provision of infrastructure to ongoing districts such as Jahi, Wuye, Maitama Extension and Abuja North West , Mbora, Kyami and Kabusa Garden, etc.

Nigeria

House to Probe 9Mobile's Indebtedness to Banks

The House of Representatives Thursday passed a resolution urging an investigation into Etisalat Nigeria, now 9mobile's… Read more »

Copyright © 2017 Leadership. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 900 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.