By Musa Baba Adamu
The Federal Capital Territory Administration (FCTA) yesterday presented to the Senate, a N299.9billion revenue projection for 2021 fiscal year.
Making the presentation to the Senate Committee on FCT, the Minister of the Federal Capital Territory, Mallam Muhammad Bello, said N215.9 billion out of the amount, would be calsssified as distributable revenue, while N84 billion would be the non distributable revenue.
He added that 54.6 percent of the entire budget is proposed for capital expenditure, while the balance of 45.4% comprising personnel and overhead costs, is for recurrent expenditure.
According to him, when compared with the 2020 budget, there is an increase of N101 billion representing 34 per cent.
The increase, he explained, would be achieved through an aggressive revenue drive geared towards achieving target results and goals.
He however told the committee that given the Expanded Accelerated Area Council Title Re-issuance scheme designed to revolutionise the land Administration, the FCTA administration might be compared to return back to Senate for supplementary budget.
The chairman of the Committee, Senator Abubakar Kyari (APC Borno North), in his earlier remarks, said the meeting was scheduled to deliberate on the provisions of 2021 budget and performance of 2020 budget to sustain Federal Government policy of running the budget from January to December.
The committee, according to him, would remain steadfast in the task of conducting oversight to foster quality service delivery to residents of FCT.
Full implementation of the budget, he stressed, would be ensured through oversights from time to time.
This he added, will help in complementing the efforts of the ministers in the fight against corruption and any administrative anomalies such as mis application of funds.