By House Committee Approves N288 Billion Supplementary Budget for FCT
**Abuja, Nigeria** — The House of Representatives’ Committee on the Federal Capital Territory (FCT) has approved a N288 billion supplementary budget for the Federal Capital Territory Administration (FCTA).
This supplementary budget aims to accommodate additional revenues from Internally Generated Revenue (IGR) and Miscellaneous Revenues, amounting to N8 billion and N280 billion, respectively, as outlined in a letter from President Bola Tinubu.
During a budget defense session in Abuja, Committee Chairman Aliyu Muktar Betara emphasized the urgency of passing the appropriation bill to facilitate critical developmental projects in the capital. He noted that many of these projects were included in the statutory budget, while the Senate Committee on the FCT is concurrently reviewing the supplementary budget proposal.
Betara highlighted the necessity of presenting the report on the supplementary budget during Thursday’s plenary to expedite the commencement of essential projects. He clarified that the FCT Minister confirmed that most of the additional funding requests were already accounted for in the 2024 statutory budget approved by the National Assembly. “There are no new projects; only two line items are newly introduced,” he stated.
Following the unanimous adoption of the supplementary budget, the Committee resolved to submit the report for consideration on Thursday.
In his letter to Speaker Tajudeen Abbas, President Tinubu expressed confidence in the ongoing projects across the FCT, noting that they have uplifted the spirits of residents. He emphasized that these capital projects are vital for manpower and infrastructural development, reinforcing his administration’s commitment to its “Renewed Hope Agenda.”
The President further stressed the importance of delivering on critical projects and programs that were unintentionally omitted from the 2024 statutory appropriation to meet the procurement requirements essential for the FCT’s growth and development.
