Reps approve N2.2trn FCT budget
The House of Representatives on Thursday approved the sum of N2.285 trillion as the 2026 statutory budget for the Federal Capital Territory Administration (FCTA). The approval followed the consideration and adoption of the report presented by the House Committees on the Federal Capital Territory and Federal Capital Territory Area Councils and Ancillary Matters during plenary. […]
house of reps
The House of Representatives on Thursday approved the sum of N2.285 trillion as the 2026 statutory budget for the Federal Capital Territory Administration (FCTA).
The approval followed the consideration and adoption of the report presented by the House Committees on the Federal Capital Territory and Federal Capital Territory Area Councils and Ancillary Matters during plenary.
Presenting the report, Chairman of the House Committee on FCT, Hon. Muktar Aliyu Betara, said the budget proposal sought authorisation for withdrawals from the Statutory Revenue Fund of the Federal Capital Territory Administration for the 2026 fiscal year.
The approved budget, totalling N2,285,098,676,153, is earmarked for personnel costs, overhead expenditure, and capital projects for the service of the FCT from January 1 to December 31, 2026.
A breakdown of the budget showed that N165.775 billion was allocated for personnel costs, while N378.231 billion was approved for overhead costs.
The largest share of the budget, amounting to N1.741 trillion, was designated for capital projects aimed at infrastructure development and service delivery within the nation’s capital.
The bill, titled: “A Bill for an Act to authorise the issue from the Federal Capital Territory Administration’s Statutory Revenue Fund of the Federal Capital Territory Administration Account,” was considered at the Committee of Supply before its approval by the House.
The lawmakers subsequently approved the committee’s recommendations and passed the bill authorising the expenditure.
The legislation provides for the issuance of the funds from the FCTA statutory revenue account to finance the administration and development programmes of the Federal Capital Territory during the 2026 financial year.