Tinubu submits FCTA 2024 budget to Reps

President Bola Tinubu has submitted the 2024 budget for the Federal Capital Territory Administration (FCTA) to the House of Representatives for consideration and passage on Tuesday.

The letter written by the president proposing the approval of the 2024 budget, which was read on the floor of the House during the plenary session was given no reaction following the estimates.

The letter reads: “In line 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 here before you for the consideration and approval by the National Assembly.

The proposal has been prepared on the basis of the FCTA revenue and expenditure focus and is in line with the fiscal and development policy of the federal government and the Renewed Hope Agenda.

In addition, the budget proposal takes into consideration, the 2024/2026 economic recovery and growth plan as well as key assumptions in the 2024 budget.

The FCTA is prioritising improvement in health care services, job creation, youth empowerment and increased productivity in agriculture in order to lift many citizens as much as possible out of poverty.

“I hereby forward the 2024 statutory budget proposal of the FCTA and I trust that it will receive the kind consideration and expeditious approval of the House of Representatives. Please accept the assurances of my highest regards.”

Also speaking, Abbas Tajudeen, the speaker, who presided over the plenary, directed that the request be forwarded to the Committee on Appropriation for deliberation ahead of its budget passage.

The House of Representatives approved N579.69bn budget for the FCTA in previous year.

Zainab Odunayo
Zainab Odunayo
Zainab Odunayo is a News Reporter at Wakadaily News, specializing in politics and current affairs. With a strong passion for storytelling and a keen interest in social issues, Zainab brings insightful perspectives to her reporting.

Popular Related

Pension: PIAFRICA 2023 to focus on investments, risk management

The 6th Pension Funds & Alternative Investments Africa 2023 (PIAFRICA2023) conference will cover a variety of pension-related issues, including alternative investments, risk management, legislative...

FG says 378MW Imo power plant nears completion

Following the recent increase in electricity tariff, the federal government has assured accelerated completion of the 378.3 megawatts Egbema Power Plant in Imo State,...

LASG, FAAN sign MoU on 28km road project

The Federal Airport Authority of Nigeria has signed a Memorandum of Understanding with the Lagos State Government under the Office of Public-Private Partnerships and...

Ondo, Enugu, Ekiti can fix electricity tariffs – NERC

According to the Nigerian Electricity Regulatory Commission, Ondo, Ekiti and Enugu States has been approved to come with the suggestion for their electricity tariff. Wakadaily...

Customs Q1 revenue surpasses N1tn, rice tops N10bn seizures

In the first quarter of 2024 , the Nigeria Customs Service, declared on Wednesday that a 122.35 percent increase while comparing it to the...

Don warns palm oil producers against adulteration

At Obafemi Awolowo University, Prof Kehinde Owolarafe, the head Department of Agriculture and Environmental Engineering of lle-Ife Osun State, has warned palm oil producers,...

FX debt: CBN is owning only five banks – Cardoso

Olayemi Cardoso, the Governor of Central Bank of Nigeria, stated that the foreign exchange debts have been sorted  in all other banks except for...

‘Peg customs exchange rate at N1000/$1 to ease hardship – CPPE tells CBN

The Central Bank of Nigeria (CBN) has ordered that the rate used by Nigeria Customs should match the information on the importers' Form M,...

Inflation: Comercio Partners rules out relief from price increases

Despite a slight slowdown in the nation's inflation rate for May, it remains high. Analysts at Comercio Partners, a Lagos-based investment bank, warn that...

Wike expresses optimism on Nigeria overcoming current challenges

Nyesom Wike, the minister of the Federal Capital Territory (FCT), is hopeful that Nigeria would come out from its current state of unrest given...