FCTA Budgets N241bn for 2016, Votes 61 percent for capital projects

The FCT Administration has proposed a budget of N241,467,231,031 in the

2016 fiscal year for its capital and recurrent expenditure.

The FCT Minister, Malam Muhammad Musa Bello, dropped the hint Thursday,

during the defence of the 2016 FCT Statutory budget before the Senate

Committee on FCT at the National Assembly Complex, Abuja.

The minister revealed that out of the N241,467,231,031 proposed, a total

sum of N149,056,610,051 which represents 61.73 percent is for capital

expenditure.
Malam Bello said the administration would spend N52,371,352,360 which

also represents 21.69 percent of the total expenditure on personnel cost.

According to him, the overhead is the least with N40,039,268,620 out of

the N241,467,231,031 which is 16.58 percent.
While saying that this year's budget is a departure from the previous ones

because of the importance his administration attaches to infrastructural

development of the entire Federal Capital Territory, the minister

disclosed that N2,400,000,000 has been set aside for debt servicing.

He assured that attention would mostly be given to on-going projects this

fiscal year to fast track solid development of the Federal Capital

Territory.
Malam Bello further assured that the cleanliness of Abuja remains a top

priority of his administration and that was why there was a complete

change of leadership at the Abuja Environmental Protection Board (AEPB)

which is now being assisted with an enforcement team of 200 security

personnel drawn from the Nigeria Police Force and Nigeria Security and

Civil Defence Corps led by a retired Squadron Leader.

The minister emphasised that significant activities would be noticed in

that area because cleanliness has no alternative.
In his opening remarks, the Chairman of the Senate Committee on FCT,

Senator Dino Malaye, promised that his committee would work assiduously to

pass the Appropriation Bill into law.
The FCT Permanent Secretary, Dr. Babatope Ajakaiye, acting secretaries of

mandate secretariats, directors as well as other top officials of the FCT

Administration accompanied the FCT minister to the budget defence.

The post FCTA Budgets N241bn for 2016, Votes 61 percent for capital projects appeared first on Pointblank News .