FCTA Budgets N149bn for Capital Projects in 2016
The Federal Capital Territory Administration (FCTA) on Thursday revealed that it has proposed to spend about N149bn as capital expenditure in the 2016 fiscal year.
This sum, according to the Federal Capital Territory (FCT) Minister, Malam Muhammad Musa Bello, represents 61.73 per cent of its total budget of N241.4bn for capital and recurrent expenditures in the fiscal year.
Bello, who appeared before the Senator Dino Melaiye Senate Committee on FCT at the National Assembly Complex on Thursday, said the personnel cost which got N52,371,352,360, also represents 21.69 per cent of the total expenditure.
He said the overhead cost, which was the least, will have N40bn representing 16.58 per cent adding that, N2.4bn would be spent on debt servicing.
Describing this year’s budget as a departure from the past, Bello cited the importance his administration attach to infrastructural
development of the entire Federal Capital Territory as reason, noting that on-going projects will receive attention to sustain the development of the territory.
Stressing the importance of cleanliness in Abuja, the Minister recalled a comprehensive change in the leadership of the Abuja Environmental Protection Board (AEPB) adding that the board has the support of an enforcement team drawn from the Police as well as the Nigeria Security and Civil Defence Corps.
In his opening remarks, the Chairman of the Senate Committee on FCT, Senator Dino Melaiye promised that his committee will work assiduously to
pass the Appropriation Bill into law.