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Published On: Tue, Jul 15th, 2014

2014 budget: Senate approves N271bn for FCT

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Nigerian-Senate-1By Ikechukwu Okaforadi

Senate has approved two hundred and seventy one billion, forty two million, five hundred and forty five thousand, nine hundred and twelve naira (N271,042,545,912)  budget expenditure for the Federal Capital Territory Administration (FCTA) in the 2014 fiscal year.

This followed the passage of its third reading, by the lawmakers during the yesterday’s plenary.

It would be recalled that the House of Representatives had last week passed for a second reading the sum of N271, 125, 108, 635 as 2014 statutory revenue for the FCT.

However, the breakdown of the expenditure of budget passed by the Senate indicates that in 2014, FCT will spend N49,200, 944, 858 on personnel costs, while N60,037,490,023 will be expenditure for overhead costs.

Similarly, N109,238,434,881 would be spent on recurrent expenditure, also, N161,804,111,031 would be expended on capital projects for the year 2014, while N82, 882,531 is surplus for the year 2014.

This approved budget is N11,344,309,171 above the 2013 FCT budget, which was N259,698,236,741, while the surplus for the 2013 was N48,716,036 only, as against the N82,882,531 for 2014.

The N161,804,111,031 capital budget for the 2014 is split into N6 billion for the security administration of the territory (including installation of CCTV in strategic places), N4 billion for social developments such as mini stadia for the six area council, among others.

Also, a total sum of N3 billion was budgeted for agricultural and rural development for the communities in the FCT, while N5 billion was proposed for education, including provision of additional classroom  blocks and qualified teachers and teaching aids for FCT schools.

Part of the capital budget include N16 billion for health care services, including free antenatal treatment and antiretroviral provision for HIV/Aids Patient, and provision of hospital facilities for FCT hospitals.

The sum of N5.3 billion was budgeted for the Abuja Environmental Protection Board (AEPB) for capital projects, including N2.1 billion for procurement of equipment and other essentials, which is N3.2 billion was for the city cleaning, evacuation of shanties and sewage maintenance.

Also, the sum of N31 billion was earmarked for the provision of high capacity buses, completion of ongoing light rail, lot 1 and 3, in addition to other expenditure in the transport sector of FCT.

Meanwhile, the sum of N2 billion was budgeted to fund ongoing water projects in FCT, while N2 billion is for the construction and completion of various engineering infrastructure projects in the satellite towns.

Also, the sum of N3.2 billion is earmarked for the construction of five thousand units of affordable housing in Wasa Satellite town, while N19,892,466,715 only will be channeled towards the provision of roads, electricity supply for the development of satellite towns of Kubwa, Karshi, Bwari-Kau, Karshi-Ara road, Karu township road, among others.

Presenting the report, the chairman of Senate committee on FCT, Smart Adeyemi, represented by Domingo Obende (Edo, APC), said the budget presented by FCT was altered to meet the needs of the people.He said this followed the oversight visits by the committee, during which they identified the critical areas of development needed hi the inhabitants of FCT.

He said these areas included roads, water, education, health, security services, agriculture, transportation and maintenance of the city as well as development of satellite towns in the Territory.

Meanwhile, the Senate President, David Mark, urged the FCT minister to ensure effective and judicious use of the approved funds to bring Abuja to a city of world class standard.

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