The Senate has passed for a second reading a total of N1.1tn Federal Capital Territory 2024 Appropriation Bill.
A breakdown analysis of the N1.1tn budget indicated that N280bn was earmarked for overhead, N726bn for capital projects, and N140bn for personnel, bringing the total budget to N1.147tn.
Leading the debate on Thursday, the sponsor of the bill and Senate Leader, Opeyemi Bamidele, said the appropriation bill took into cognisance the FCT administration’s revenue and expenditure forecasts which are in tandem with fiscal and developmental policies of the Federal Government.
It also contemplated the consideration of the 2024-2026 Economic Recovery Growth.
During the debate, President of the Senate, Godswill Akpabio, said the bill presented earlier than usual will be expeditiously considered and passed to encourage the Minister of the FCT to advance reforms in the nation’s capital.
The bill was referred to the committee on the FCT to report back on the next legislative session.
