FCTA proposes N241bn budget for 2016
The Federal Capital Territory Administration, FCTA, has proposed to spend the sum of N241,467,231,031 in the 2016 fiscal year for its capital and recurrent expenditures.
Minister of the territory, Malam Muhammad Bello, made the proposal last week during the defence of the 2016 FCT statutory budget before the Senate Committee on FCT at the National Assembly Complex, Abuja.
The minister revealed that out of the N241,467,231,031 proposed, a total sum of N149,056,610,051 which represents 61.73 percent goes to capital expenditure, while personnel cost gets N52,371,352,360 which represents 21.69 percent of the total expenditure.
According to him, the overhead is the least with N40,039,268,620 out of the N241,467,231,031 which is 16.58 percent.
While stating that this year’s budget is a departure from the previous ones because of the importance his administration attaches to infrastructural development of the FCT, the minister disclosed that N2,400,000,000 has been set aside for debt servicing.
He assured that attention would mostly be given to on-going projects this fiscal year to fast track solid development of the territory.
Bello further assured that the cleanliness of Abuja remains a top priority of his administration and that was why there was a complete change of leadership at the Abuja Environmental Protection Board, AEPB, which is now being assisted with an enforcement team of 200 security personnel drawn from the Nigeria Police Force and Nigeria Security and Civil Defence Corps.
The minister emphasized that significant activities would be noticed in that area because cleanliness has no alternative.
In his opening remarks, the chairman of the committee, Senator Dino Melaye, promised that his committee will work assiduously to pass the Appropriation Bill into law.