FCT 2022 statutory budget scales 2nd reading at Senate in October

The Federal Capital Territory (FCT) N607.9 billion 2022 statutory budget on Wednesday scaled second reading at the Senate, just a little more than two months to the year-end.
This followed the presentation of the lead debate by Senate Leader, Ibrahim Gobir at plenary.
Leading the debate on the general principles of the bill, Mr Gobir said that the 2022 FCT budget sought to authorise the issue from the Federal Capital Territory Administration Consolidated Revenue Fund of the Federal Capital Territory Administration Account, the total sum of N607 billion.
He said that N76 billion out of the amount was for personnel cost, while N138 billion was for overhead cost.
“While the balance of N393 billion is for capital projects for the service of the FCT, Abuja, for the financial year commencing from Jan. 1 and ending Dec. 31, 2022.”
The senate leader said that the fundamental thrust of the FCT 2022 budget was to ensure an effective and enduring service oriented administration for the completion of ongoing projects and the provision of effective services to the residents of the FCT.
He said that an appraisal of the 2021 FCT statutory budget indicated that in the 2021, the FCT Administration received an appropriation of N329 billion.
“During the year 2021, a total sum of N74 billion was spent on personnel cost, representing 100 per cent.
“The sum of N52,737,251,744.00 was expended on overhead cost, representing 79 per cent, while the sum of N72,730,869,849.00 was expended on capital projects, representing 39 per cent.”
Mr Gobir said that the FCT was created in 1976 as one of the major achievements of the military government.
“Worthy of note is that the FCT was originally planned for about 3.1 million people.
“The rapid urban growth coupled with the slow pace of development of infrastructure for the teeming population has led to scarcity of infrastructures.”
He said that Abuja was too far behind in terms of achieving the developmental target envisaged.
“Only 20 per cent of the target has been achieved due to scarce resources often made available to the administration over the years.”
He said that the FCT required a minimum of N1 trillion to resuscitate and complete abandoned and on-going projects within the districts that had so far been developed or partially developed.
Contributing, the chairman, Senate Committee on the FCT Smart Adeyemi acknowledged that the budget was far too low.
“This is a budget that is coming some months far behind time. But notwithstanding, effort is made to ensure that those areas that require the attention of the government which will help to improve the security of life and property of Abuja residents are executed within the available time.
“We will ensure the 2023 budget is ready before the end of this month, “ he said.
Senator James Manager (PDP-Delta) expressed displeasure over the lateness in presentation of the budget.
“How long will they execute these projects and when will they stop. This is October,” he said.
Also, Minority Leader Philip Aduda said that it was unfortunate that the budget was coming late.
President of the Senate Ahmad Lawan said that it was unfortunate and unacceptable.
“We have worked so hard to change the budget cycle of the Federal Government. And here we have a state we are receiving the budget of the FCT for 2022 in October.
“This is unacceptable. We are only considering this because innocent FCT residents will suffer. Otherwise we shouldn’t pass this.
“If they don’t bring it next week, they should keep it themselves,” he said.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

NationWide
FG pushes full DSO implementation to unlock jobs, investments
The project aims to improve broadcast quality and boost the digital economy.

Diaspora
God cleared me of corruption charges: Diezani
She said the ruling marked the end of 11 years of torment.

Abuja
Court remands corps member over alleged assault on neighbour
The defendant, however, pleaded not guilty to the charge.

NationWide
Nigeria’s transport system requires urgent, predictive, integrated solutions: CILT
He said that lack of policy continuity would make Nigeria’s transport sector to be constrained.

States
ADSIEC presents certificates of return to newly elected council chairmen in Adamawa
The local government council elections were held on Saturday, June 13.

States
ADC governorship aspirant sues party over primary election result in Oyo
Mr Alagbe prayed the court to pronounce him as the authentic winner of the primary election.






