ECONOMY
Tinubu Sends ₦1.78 Trillion FCT Budget to Senate for Expedited Approval

President Bola Tinubu has transmitted a proposed ₦1.783 trillion Federal Capital Territory (FCT) Statutory Appropriation Bill for the 2025 financial year to the Senate, urging lawmakers to give the proposal expedited consideration for the sake of efficient governance in the nation’s capital.
The President’s request was read during plenary on Wednesday, prompting the upper chamber to invoke Order 78 of the Senate Standing Rules, which allows for the second reading of a bill on the same day it is introduced.
However, the fast-tracked process drew objections from opposition senator Abdul Ningi, who cited Order 77 (3 and 4) to express concern that copies of the bill had not been circulated to lawmakers prior to the debate. Despite his reservations, the Senate moved forward with the second reading.
Senate Leader Opeyemi Bamidele, who led debate on the general principles of the bill, explained that the appropriation seeks to authorise the issuance of ₦1,783,823,708,392 from the FCT Administration’s Statutory Revenue Fund for the 2025 fiscal year.
President Bola Tinubu has transmitted a proposed ₦1.783 trillion Federal Capital Territory (FCT) Statutory Appropriation Bill for the 2025 financial year to the Senate, urging lawmakers to give the proposal expedited consideration for the sake of efficient governance in the nation’s capital.
The President’s request was read during plenary on Wednesday, prompting the upper chamber to invoke Order 78 of the Senate Standing Rules, which allows for the second reading of a bill on the same day it is introduced.
However, the fast-tracked process drew objections from opposition senator Abdul Ningi, who cited Order 77 (3 and 4) to express concern that copies of the bill had not been circulated to lawmakers prior to the debate. Despite his reservations, the Senate moved forward with the second reading.
Senate Leader Opeyemi Bamidele, who led debate on the general principles of the bill, explained that the appropriation seeks to authorise the issuance of ₦1,783,823,708,392 from the FCT Administration’s Statutory Revenue Fund for the 2025 fiscal year.
According to Bamidele, the fund will cover key areas of governance including ₦150.35 billion for personnel costs, ₦343.78 billion for overhead, and a substantial ₦1.29 trillion for capital projects.
He emphasised that the proposed budget is strategically designed to deepen service delivery, prioritising the completion of ongoing infrastructure projects and launching new initiatives critical to the growth and functionality of Abuja.
Bamidele added that the capital allocation reflects the administration’s commitment to building a service-oriented and efficient public administration, ensuring that residents of the FCT benefit from sustainable development.
Discover more from Naijanewstoday
Subscribe to get the latest posts sent to your email.
-
NEWS5 days ago
FG Cuts Dialysis Cost In Federal Hospitals From ₦50,000 To ₦12,000
-
NEWS3 days ago
Ebonyi Man Plans Lagos-Abakaliki Trek to Honour Gov. Nwifuru’s Peace Efforts
-
NEWS5 days ago
Ebonyi Coordinator Distributes Motorcycles, Lauds Governor’s Grassroots Development Agenda
-
POLITICS6 days ago
Peter Obi Tells Nigerians: Get Your PVC, Reject Criminals in Disguise
-
ENTERTAINMENT6 days ago
Jim Iyke Says Single Mothers Cannot Raise Boys Into “Proper Men”
-
FACT-CHECKS/INVESTIGATION7 days ago
EFCC Recovers N5bn, $10m in Refinery Maintenance Fraud
-
NEWS5 days ago
Lagos State Declares August 20 Work-Free for Public Servants for Isese Day
-
SPORTS5 days ago
Tinubu Arrives in Japan to Boost Bilateral Ties
-
NEWS5 days ago
FCT Minister Denies Awarding N5 Billion Contract to Local Contractors
-
INSIDE NYSC7 days ago
NYSC Lagos Holds Cultural Carnival to Celebrate Unity in Diversity
-
NEWS4 days ago
Wike Says Amaechi’s 2027 Presidential Ambition Is Dead on Arrival
-
ENTERTAINMENT5 days ago
VeryDarkMan Leads Protest In Auchi, Blocks Dangote Trucks Over Victims’ Compensation