House of Representatives pass N329Billion budget for Abuja

Life Pension Bill for Senate President, Speaker, Deputies, fails woefully

The House of Representatives has passed a budget of N329,963,491,523.00 for the Federal Capital Territory (FCT).

 

Rep. Abdullahi Garba, Chairman, House Committees on Federal Capital Territory and FCT Area Councils and Ancillary Matters, presented the report of the Committees on Wednesday in Abuja.

 

The report was on a bill for an Act to authorise the issue from the Federal Capital Territory Administration’s (FCTA) statutory revenue fund of the FCTA Account, to the House for consideration.

House of Representatives pass N329Billion budget for Abuja
House of Representatives pass N329Billion budget for Abuja

The News Agency of Nigeria (NAN) reports that the breakdown indicates that the sum of N74,323,382,813.00 is for Personnel Costs, while the sum of N58,728,614,466.00 is for Overhead Costs.

 

 


The balance N196,911,494,243.00 is for Capital Projects for the service of the Federal Capital Territory, Abuja, for the Financial Year Ending 31 December, 2021.

 

 

(NAN)

__________________________ Join us on WhatsApp ______________________________

About TEMI BADMUS

Temi Badmus is a Food scientist and an Art enthusiast. She is an health freelancer, and media Manager. She is a humorous and controversial writer, who believes all form of writing is audible if it's done well. Temi Badmus specializes on indigenous food nutrient research and values. She believes in reaching out to people with health decline through articles and giving advice on good eating habit.

Leave a Reply

Your email address will not be published.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