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Published On: Wed, Nov 1st, 2017

Senate moves to okay N222bn FCT budget, as bill scales second reading

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By Christiana Ekpa and Ikechukwu Okaforadi

The 2017 Federal Capital Territory (FCT) Appropriation Bill worth N222 billion has scaled scales second reading in Senate.
The bill sponsored by the Leader of the Senate, Sen. Ahmad Lawan, will be founded from Internally Generated Revenue (IGR) and one per cent from the Federation Account.
Presenting, the lead debate, Lawan said the sum of N222 billion is proposed for the FCT budget for the 2017 fiscal year, out of which N164 billion was earmarked for Capital Expenditure.
According to him, the general principles of the bill, was for the financial year Jan 1 to Dec. 31.
He added that of the N164 billion earmarked for capital expenditure, the sum of N1 billion was earmarked for the expansion and rehabilitation of Outer Northern Expressway and Airport Expressway.
“From the capital expenditure, N13 billion is proposed for the provision of infrastructural facilities to districts and road construction in Jahi, Wuye, Maitama Extension, Abuja North West and Katampe Districts.
“N1 billion is proposed for the construction and dualisation of Lower- Usman Dam, Gurara Road and 400 million is earmarked for provision of access road to Kabusa Garden.
“N1.5 billion Naira is proposed for the construction 2,276 resettlement houses at Galuwyi/Shere Resettlement Site while the sum of N100 million Naira was earmarked for the renovation of the International Conference Centre (ICC),’’ he said.
While appraising the 2016 Budget, Lawan said the FCT received the sum of N241billion, out of which N53 billion was allocated to Personnel Cost.
He added that the sum of N34 billion was allocated to Overhead Cost, while the balance N154 billion was dedicated to Capital Expenditure.
He further said during the year, a total sum of N113 billion accrued to the FCT as revenue, indicating a 47 per cent level of performance.
“The breakdown shows that the sum of 45bn was used for personnel cost representing 95 per cent, while the sum of 12billion was expended on overhead cost, representing 33 per cent. The sum of 56 billion was expended on capital budget representing 37 per cent,’’ he said.
The leader of the senate said considering dwindling funding from the statutory revenue allocation, emphasis had been placed on completion of ongoing projects, particularly those with high impact on provision of services and infrastructure.
He urged the lawmakers to give the bill an expeditious passage.
In his remarks, the President of the Senate put the bill to a voice vote and thereafter referred it to the Senate Committee on FCT to be returned to plenary in two weeks.

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