Reps pass FCT N2.2trn budget for second reading
The House of Representatives on Thursday considered a bill seeking to authorise the withdrawal of N2.201 trillion from the statutory revenue fund of the Federal Capital Territory Administration (FCTA) for the 2026 financial year. The bill, presented by the House Leader, Julius Ihonvbere, scaled second reading during plenary presided by Deputy Speaker Benjamin Okezie Kalu. […]
house of reps
The House of Representatives on Thursday considered a bill seeking to authorise the withdrawal of N2.201 trillion from the statutory revenue fund of the Federal Capital Territory Administration (FCTA) for the 2026 financial year.
The bill, presented by the House Leader, Julius Ihonvbere, scaled second reading during plenary presided by Deputy Speaker Benjamin Okezie Kalu.
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 the sum of N2,201,098,676,153 for the Service of the Federal Capital Territory, Abuja for the Financial Year ending December 31, 2026 and for Related Matters,” the proposal outlines spending plans for the nation’s capital.
According to the breakdown contained in the bill, N165.77 billion is earmarked for personnel costs, while N378.23 billion is proposed for overhead expenditure.
The largest portion of the budget, N1.657 trillion, is allocated to capital projects, reflecting the administration’s focus on infrastructure and development across the Federal Capital Territory.
The proposed appropriation will cover government operations in the Federal Capital Territory from January 1 to December 31, 2026.
Following the second reading, the bill was referred to the relevant committee of the House for further legislative scrutiny before it returns to the chamber for consideration and passage.
The FCT statutory budget is considered separately from the national budget and is designed to fund administrative operations, personnel obligations and development projects within the territory.