By Abbanobi-Eku Onyekachi, Abuja
The Senate has passed for second reading President Bola Tinubu’s ₦1.783 trillion Statutory Appropriation Bill for the Federal Capital Territory (FCT) for the 2025 financial year. The budget aims to boost key sectors, including health, social welfare, agriculture, and employment, while driving a service-oriented administration for FCT residents.
Personnel, overhead and capital costs of the budget are ₦150.35 billion, ₦343.78 billion and ₦1.29 trillion respectively.
While 85% of allocation went for completing ongoing infrastructure and development projects, 15% went for new initiatives, as the budget is focused on completing ongoing projects vital to infrastructure and service delivery
Several senators commended the budget’s capital-intensive structure and development-focused outlook. Senator Mohammed Monguno described it as: “A wise and commendable shift,” in Nigeria’s budgeting approach, while Senator Ashiru Yisa noted that nearly 70% of the budget is devoted to capital expenditure.
The bill has been referred to the Senate Committees on FCT, FCT Area Councils, and Allied Matters for further legislative action, with a report expected at plenary within one week.
