The Senate on Wednesday approved the second reading of the Federal Capital Territory Administration (FCTA) 2026 Appropriation Bill, authorizing the issuance of N2.2 trillion from the FCT statutory revenue fund.
The bill, presented by Senate Leader Senator Opeyemi Bamidele (APC-Ekiti Central), provides funding for the operations and developmental programs of the FCT for the 2026 fiscal year. Out of the total budget, N165.8 billion is allocated for personnel costs, N378.2 billion for overheads, and N1.657 trillion for capital projects.
Bamidele highlighted Abuja’s unique role as the nation’s capital and emphasized that the budget seeks to support infrastructure, social services, public utilities, health facilities, educational institutions, and transportation networks to enhance the quality of life for residents and visitors.
The bill also mandates monthly and quarterly reports to the National Assembly to ensure transparency and value for money in project execution.
Deputy Senate President Barau Jibrin (APC-Kano North) praised the N1.6 trillion allocation for capital projects, while Senate President Godswill Akpabio commended FCT Minister Nyesom Wike and President Bola Tinubu for their commitment to the city’s development.
The bill has been referred to the Senate Committee on the Federal Capital Territory and Area Councils for further review before returning to plenary in one week.
-All Rights Reserved-
Permission to use any material, including text, still photograph, audio and video from this site is granted subject to permission being formally sought and, if granted, appropriate credit must duly be given to The News Room as the source.
Stay connected, get exclusive updates, and be the first to know about all the exciting things happening. Whether you’re looking for insights, tips, or just want to be part of an amazing community, our WhatsApp group is the place to be!
👉 Don’t miss out. Click the link and be part of something awesome! 🚀
