President Bola Tinubu has officially submitted the budget proposal for the Federal Capital Territory Administration (FCTA) to the House of Representatives for review and approval. The President’s letter, read during Tuesday’s plenary session, introduced the budget without detailing its estimates.
The letter stated: “In accordance with the provisions of sections 121 and 299 of the Constitution of the Federal Republic of Nigeria, 1999, the Honourable Minister of the Federal Capital Territory has prepared the 2024 budget proposal of the FCT, which is now before you for consideration and approval by the National Assembly.
“The proposal has been crafted based on the FCTA’s revenue and expenditure focus, aligning with the fiscal and developmental policies of the federal government and the Renewed Hope Agenda.
“In addition, the budget proposal factors in the 2024/2026 economic recovery and growth plan, as well as key assumptions outlined in the 2024 budget.
“The FCTA aims to prioritize enhancements in healthcare services, job creation, youth empowerment, and increased agricultural productivity to alleviate poverty for as many citizens as possible.
“I hereby submit the 2024 statutory budget proposal of the FCTA and trust that it will receive the kind consideration and swift approval of the House of Representatives. Please accept the assurances of my highest regards.”
Following the reading of the letter, Speaker Abbas Tajudeen, who chaired the session, directed the request to the Committee on Appropriation for thorough deliberation before the budget’s passage.
In 2023, the House of Representatives approved a budget of N579.69 billion for the FCTA.
