Senate passes N1.81trn 2025 FCT Statutory Budget

*The Nigerian Senate, after review and harmonisation of its inputs and those of the House of Representatives, approves the 2025 FCT Statutory Appropriation Bill authorised a total expenditure of about N1.81 trillion for the Federal Capital Territory for this fiscal year

Alexander Davis | ConsumerConnect

The Senate, in the National Assembly (NASS), Abuja, has passed the 2025 FCT Statutory Appropriation Bill.

ConsumerConnect reports the Upper Legislative Chamber authorised a total of about N1.81 trillion for the Federal Capital Territory for the fiscal year after a third reading.

Earlier, Senator Mohammed Ibrahim had presented the Joint Committee report, which reviewed and harmonised inputs from both the Senate and the House of Representatives in accordance with Sections 62, 80, 88, 89, and 299 of the 1999 Constitution (as amended).

The report of the Joint Committee indicated the total statutory budget would be sourced from projected revenues for the year.

The budget structure comprises personnel costs, N150.35 billion (8.29 percent); overhead costs, N352.03 billion (19.41 percent); and capital expenditure, N1.31 trillion (72.31 percent) for this fiscal year.

Likewise, the total recurrent expenditure in the 2025 FCT Statutory Budget, comprising personnel and overhead stands at N502.38 billion, whereas capital projects would gulp the largest share of the budget, the Joint Committee stated.

The Committee also explained that the FCT Appropriation Bill was formulated after extensive consultations with Barr. Nyesom Wike, Honourable Minister for the FCT, and other top officials of the Federal Capital Territory Administration (FCTA).

According to Joint Committee, the spending plan is expected to drive infrastructural development, improve service delivery, and address the growing needs of residents of Abuja, and its satellite towns.

Wike at FCT Statutory Budget defence

Earlier, Barr. Wike, Minister for the FCT, during the recent budget defence before the Senate had expressed concern over worsening security and healthcare challenges in the FCT.

He urged urgent and coordinated national intervention to improve the situation.

The Minister as well emphasised the critical role of Abuja as the seat of power and diplomatic hub, which requires a unique and strategic security framework.

Explaining the budgetary provision for the healthcare sector, Wike equally announced the recent acquisition of modern diagnostic equipment was aimed at enhancing public health services across Nigeria’s capital city.

The state-of-the-art medical equipment represents a significant step forward in the FCT Administration’s broader plan to improve access to quality medical care, Wike told the Federal lawmakers.

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