Reps approve N579.6bn as 2023 FCTA budget

The House of Representatives on Wednesday approved the total sum of N579,693,907,532.00 for the Federal Capital Territory Administration (FCTA) as its expenditure for the 2023 fiscal year. The budget, which was passed for third reading at plenary comprises N78,135,703,531.00 for personnel costs; N122,513,919,180.00 for overhead costs, while the balance of N379,044,284,822.00 is for capital projects. […]

The House of Representatives on Wednesday approved the total sum of N579,693,907,532.00 for the Federal Capital Territory Administration (FCTA) as its expenditure for the 2023 fiscal year.

The budget, which was passed for third reading at plenary comprises N78,135,703,531.00 for personnel costs; N122,513,919,180.00 for overhead costs, while the balance of N379,044,284,822.00 is for capital projects.

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The house unanimously approved the third reading of the bill via voice vote after the Deputy Majority Leader, Peter Akpatason, moved the motion to that effect.

Speaker, Femi Gbajabiamila, who presided over the plenary, passed the bill for third reading following the approval by the house.

The budget is to run from January 1, 2023, to December 31, 2023.