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    Home»FCT

    Senate okays N607.9 Billion For FCTA Budget for 2022 Fiscal Year

    By National UpdateNovember 30, 2022 FCT No Comments2 Mins Read
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    ***Smart Adeyemi explains what 2022 FCT budget seeks to achieve 

    Barely one month to the close of 2022 fiscal year, the Senate has approved  N607.952b budget for the Federal Capital territory Administration (FCTA) for 2022 fiscal year.
    A breakdown of the budget indicated that the sum of N76,565,904,857 was set aside for Personnel Costs and N138,199,851,110  for Overhead Costs while the balance of N393,182,267,614 is earmarked for Capital Expenditure.
    The approval of the FCT budget came after the consideration of the report of its committee on FCT headed by the Chairman Senator Smart Adeyemi. 
    Addressing newsmen shortly after the passage of the Appropriation bill for President Buhari’s assent,  Senator Adeyemi listed some critical areas that the new budget is seeking to address in the capital territory. 
    The chairman said the National Assembly deliberately put the Capital Expenditure at 64 per cent of the total budget to ensure that all ongoing projects are completed for the benefit of residents of the FCT.
    He also disclosed that a lot of money is earmarked for  education in order to provide more class rooms and other necessary education materials in all FCT schools. 
    “During our  oversight activities to schools in FCT, we are shocked to discover that more than 80 pupils are put in one class room and this cannot guarantee quality education. We must ensure that education environment are descent and infrastructures are provided,”; says Smart Adeyemi 
    On infrastructural development, he said that money has been provided in the budget for the expansion and rehabilitation of Lower Ozuma Dam and other dams  to provide water for the residents of FCT.
    Similarly, some of the hospitals in the  territory such as Maitama District Hospital, Wuse District Hospital, Asokoro District Hospital, Kubwa District Hospital as well as FCT Semi-Urban Districts Hospital and FCT Satellite District Hospitals will be given deserved attention. 
    Also on the issue of insecurity, Senator Adeyemi said with the passage of the 2022 FCT budget, insecurity will be drastically reduced as security lights would be provided in roads and strategic places in the territory. 
    Senator Adeyemi however explained that the delay in the  passage of the 2022 budget will not affect the capital implementation aspect of the budget. 
    It would be recalled that  the nineth National Assembly prides itself for ensuring that  Appropriation bills are  scheduled to end on the 31st December every year.

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