Connect with us

Hi, what are you looking for?

Economy

JUST IN: Senate passes 2025 FCT budget of ₦1.81 trn

The Senate has passed the 2025 Appropriation Bill of the Federal Capital Territory Administration (FCTA) after a third reading on Wednesday.

The-Nigerian-Senate
The-Nigerian-Senate

Abuja, Nigeria

The Senate has passed the 2025 Appropriation Bill of the Federal Capital Territory Administration (FCTA) after a third reading on Wednesday.

The passage will authorise the Minister of FCT, Nyesom Wike, to proceed with a total expenditure of about ₦1.81 trillion for the Federal Capital Territory for the 2025 fiscal year.

Advertisements

Mohammed Ibrahim presented the report of the joint committee, which reviewed and harmonised input from the Senate and House of Representatives under sections 62, 80, 88, 89, and 299 of the 1999 Constitution (as amended).

The report indicates that the total statutory budget will be sourced from projected revenues for the year as presented in the appropriation bill.

The budget structure allocates ₦150.35 billion (8.29%) to personnel costs, ₦352.03 billion (19.41%) to overheads, and ₦1.31 trillion (72.31%) to capital expenditure. Total recurrent spending—covering personnel and overheads—amounts to ₦502.38 billion, while capital projects receive the largest share of the budget.

According to the committees, the budget was developed following extensive consultations with the Minister of the Federal Capital Territory (FCT), Nyesom Wike, and senior officials of the Federal Capital Territory Administration (FCTA). 

The budget aims to boost infrastructure development, enhance service delivery, and meet the growing needs of Abuja and its satellite towns.

During a recent Senate budget defence session, Wike highlighted escalating security and healthcare challenges in the FCT, urging swift and coordinated national action. 

He emphasised Abuja’s strategic importance as both the seat of government and a diplomatic centre, underscoring the need for a specialised security framework.

In the health sector, Wike announced the acquisition of advanced diagnostic equipment to strengthen public healthcare services across the FCT. 

He described the investment as a major step in the Administration’s broader strategy to expand access to quality medical care.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow Our Facebook Page

Nigerian VAT Report Q1 2025
Nigerian VAT Report Q1 2025

You May Also Like

Governance

The Federal Capital Territory Administration (FCTA), says 4,700 properties are to be sealed over failure to pay their ground rents.

Governance

Nyesom Wike, Minister of the Federal Capital Territory (FCT), has approved new reforms for land administration in the nation’s capital.

Governance

The Federal Capital Territory Administration (FCTA) Minister of Federal Capital Territory, has revoked the land title of the national secretariat of the Peoples Democratic...

Politics

Suleiman Abubakar, the speaker of the Bauchi State House of Assembly, has condemned the recent statement by Nyesom Wike, minister of the Federal Capital...

Business

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, says the on-street parking scheme, popularly called park and pay being implemented is illegal.

Governance

President Bola Ahmed Tinubu has said the appointment of Nyesom Wike as the minister of the Federal Capital Territory (FCT) is one of the...