Senate approves 2024 FCT supplementary budget of N288 billion

The Senate on Thursday at plenary passed the Federal Capital Territory Administration 2024 Supplementary Appropriation Bill of N288 billion.
This followed the adoption of the harmonised report of the Joint Committees on the FCTA and FCT Area Councils.
The report was presented by the Joint Committee Chairman, Senator Mohammed Bomai (APC-Yobe).
The FCT Supplementary Budget proposal, which was presented on Monday during plenary, had a total of N288 billion as revenue proposed and N288 billion as expenditure.
Mr Bomai, while presenting the report of the committee said the committee critically examined the sources of the revenue of the proposed supplementary budget.
According to him, the committee also critically examined the proposed expenditures, which includes overhead and capital and agreed with the proposed amendment.
Mr Bomai said the capital component of the proposed supplementary revenue amounts to 89.21 per cent, while that of the overhead was only 10 per cent.
He urged the Senate to consider and pass the recommendations of the committee on the 2024 FCT supplementary appropriation bill.
The Senate referred it to the committee of supply to do clause by clause consideration of the FCT supplementary appropriation bill, and thereafter approved the supplementary budget.
The Deputy President of the Senate, Barau Jibrin (APC-Kano),who presided over Thursday’s plenary after the approval, commended the joint committee for expeditious processing of the bill.
He also commended the FCT Minister, Nyesom Wike, for his frantic efforts at internal revenue generation and infrastructure development in the FCT.
He urged other appointees of government to emulate the efforts of the FCT minister on revenue generation for development of the FCT and the nation in general.
(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.”

Abuja
Residents consider healthy diets amid concerns over processed foods
Mr Akuba said the growing public interest in food quality presented an opportunity to improve nutrition awareness across communities.

Uncategorized
Victims count losses as fire guts four shops in Calabar
Mr Nyong commended CR-SEMA for its prompt response.

States
Gov. Bago urges Niger APC to reconcile aggrieved members ahead of 2027 poll
Mr Bago stressed the need for unity among party members.

Heading 5
Alleged Tranfer Move: Shooting Stars declare footballer Ayodele Ismail AWOL, report Egypt-based agent to FIFA
The 3SC management warned prospective buyers that Ismail is still legally contracted to the club, noting any transfer negotiation must be with the Oluyole Warriors.

Heading 1
2027: APC governorship candidate says opposition politicians only after Ogun treasury
President of the Council of Iyalajes and Babaalajes in Remoland, Olufunke Oyelaja, pledged the group’s support for Mr Adeola’s governorship bid.

Heading 2
Ooni of Ife mourns elder brother, says his death created irreplaceable vacuum
The monarch prayed for the departed soul to rest in peace and for comfort for his immediate family, friends, business associates and everyone whose lives he impacted.





