By Daniel Tyokua
The chairman of Abuja Municipal Area Council (AMAC), Hon. Christopher Maikalangu, said the council has proposed to procure 45 operational vehicles for onward distribution to security agencies within its jurisdiction.
Presenting the 2025 budget proposal valued at N25.6 billion to the council legislators on Tuesday, he said the procurement of the vehicles is part of his commitment to protect lives and properties.
Maikàlangu explained that the estimated budget for the council is expected to make more positive impact and deliver on his campaign promises.
The chairman said the budget, termed; “Budget For Sustainable Development”, represents a nominal increase of 10% above the previous year, adding that over half of the 2025 budget has been allocated to capital projects, with special focus on completing the on-going projects.
He said the council adopted the following underlying assumption to arrive at the budget proposal; net statutory allocation (N15,288,811,142), 10% FCT IGR (N10, 500,000,000), AMAC IGR and DOAS (N5,562,500,000), Term Loan (N4,500,000,000.00), Total (₦25,651,311,142.00).
He continued, “Based on the above assumptions, the proposed Budget of N25, 651,311,142 (Twenty-Five Billion, Six Hundred Fifty-One Million, Three Hundred and Eleven Thousand, One Hundred and Forty-Two Naira) Only, was apportioned according to the budget formula as follows; 46.23% For Recurrent Expenditure = N 11,857,527,025.00,
53.77% For Capital Expenditure =N13,793,784,117.00,
Total = ₦25,651,311,142.00.
“The 46.23% Recurrent Expenditure is further apportioned as follows:
12.37% for Personnel Cost = N4,656,527,025.00, 60.73% for Overhead Cost = N7,201,000,000.00, Total = N11,857,527,025.00.
The 53.77% Capital Expenditure is also apportioned as follows:
0.80% For On-going project = N1,213,994,717.00, 82.93% For New project =N11,439,789,400.00
8.26% For Debt Services =N 1,140,000,000.00, Total = N13, 793,784,117.00.”
The AMAC chairman explained that the personnel cost estimate has a nominal increased by 26.66% in 2025, adding that the increase was necessitated by the general increase in minimum wage across the country, while the overhead cost has been increase by 20.87% as a result of increase in the prices of goods and services (hyperinflation) across the country and also part of government strategy to ensure delivery of value for money.
