The House of Representatives on Tuesday, March 19, passed the N1.28 trillion budget of the Federal Capital Territory Administration presented to the National Assembly by the president last week.
Out of the total amount approved by the House, N l140.915 billion is for Personnel Costs; amN373.027,373 billion is for Overhead Costs, while the balance of (N768.328 billion is for Capital Projects.
The passage of the budget followed a report submitted to the House by the Chairman of three House Committee on FTC, Mukhtar Aliyu Betara, following a budget defence by the Minister of the FCT, Nyelsom Wike.
Speaking at the budget defence session, Betara asked the Minister to prioritize transparency, accountability, and adherence to budgetary guidelines in project execution in the territory.
The lawmaker, who underscored the committee’s commitment to ensuring efficient fund utilization for tangible benefits amid FCT’s developmental challenges, stressed the need for robust monitoring mechanisms to track project progress and hold authorities accountable
In passing the budget, the House said the Minister of FCT and the Director of Treasury shall furnish the National Assembly, on a quarterly basis, the status of the records of the Federal Capital Territory Statutory Accounts.
Source:The nation
