PRESS RELEASE:FCTA BUDGETS N241BN FOR 2016 – MIN …OVER 61 PERCENT GOES TO CAPITAL EXPENDITURE

The FCT Administration has proposed to spend the sum of N241,467,231,031 in the 2016 fiscal year for its capital and recurrent expenditures.

The FCT Minister, Malam Muhammad Musa Bello dropped the hint Thursday during the defence of the 2016 FCT Statutory budget before the Senate Committee on FCT at the National Assembly Complex, Abuja.

The Minister revealed that out of the N241,467,231,031 proposed, a total sum of N149,056,610,051 which represents 61.73 percent goes to capital expenditure. 

Malam Bello revealed that the personnel cost gets N52,371,352,360 which also represents 21.69 percent of the total expenditure.

According to him, the overhead is the least with N40,039,268,620 out of the N241,467,231,031 which is 16.58 percent.

While saying that this year’s budget is a departure from the previous ones because of the importance his Administration attaches to infrastructural development of the entire Federal Capital Territory, the Minister disclosed that N2,400,000,000 has been set aside for debt servicing.

He assured that attention would mostly be given to on-going projects this fiscal year to fast track solid development of the Federal Capital Territory.

Malam Bello further assured that the cleanliness of Abuja remains a top priority of his Administration and that was why there was a complete change of leadership at the Abuja Environmental Protection Board (AEPB) which is now being assisted with an enforcement team of 200 security personnel drawn from the Nigeria Police Force and Nigeria Security and Civil Defence Corps led by a retired Squadron Leader.

The Minister emphasized that significant activities would be noticed in that area because cleanliness has no alternative.

In his opening remarks, the Chairman of the Senate Committee on FCT, Senator Dino Malaye promised that his Committee will work assiduously to pass the Appropriation Bill into law.

The FCT Permanent Secretary, Dr. Babatope Ajakaiye, Acting Secretaries of Mandate Secretariats, Directors as well as other top officials of the FCT Administration accompanied the FCT Minister to the Budget Defence. 

Muhammad Hazat Sule, FCAI

Deputy Director / Chief Press Secretary,

Thursday, June 9, 2016.