Reps pass N98.5 billion 2024 FCT supplementary budget
The House of Representatives on Thursday passed the N98.5 billion supplementary budget for the Federal Capital Territory (FCT) 2024 statutory appropriation Act.
The bill, which passed for second and third reading, was sponsored by Aliyu Betera, chairman of the House Committee on FCT.
“You may recall that in line with the provisions of the 1999 Constitution, as amended, a communication from the president was read at the plenary on May 16,” Betara said.
He said the communication sought approval for a N98.5 million supplementary budget to the 2024 Statutory Appropriation Act of the FCTA.
According to him, this is to accommodate additional inflows from the FCT Internally Generated Revenue (IGR).
“By sections 62, 80, 88, 89, and 299 of the 1999 Constitution, as amended, the House Committee met with the Minister and other relevant officials of FCT,” he said.
The House subsequently adopted the committee’s report on a bill for an act to authorise the issuance from the statutory revenue fund of the FCTA account to the sum of N98.5 billion.
(NAN)
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