Tinubu submits FCTA 2024 budget to Reps

PLACE YOUR ADVERT HERE

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.

PLACE YOUR ADVERT HERE

Popular Related

APC group vows to unsit PDP in Akw Ibom 2027 elections

In Ikot Abasi Local Government Area of Akwa Ibom State, the newly constituted Progressive People's Resolution (APC-PPR) committee of the All Progressives Congress has...

SEC to unveil plans for capital market

The Director General of the Securities and Exchange Commission (SEC), Emomotimi Agama is set to outline the vision for the Nigerian capital market at...

SEC guidelines made banks’ recapitalisation transparent – DG

Dr. Emomotimi Agama, the Director-General of the Securities and Exchange Commission, said it's guidelines released by the commission prior to the banking recapitalisation exercise...

Support Tinubu economic reforms’

Dr. Dominic Joshua, the Chief Executive Officer of Cultivate Africa, a prominent entrepreneur and investment expert, called on Nigerians to exercise patience and restraint...

NECA to train youths in ICT

Mr Adewale-Smatt Oyerinde, the Director General of the Nigeria Employers’ Consultative Association, says Nigerians Employer's Consultative Association are set to train 35 youth through...

Top 10 Rapidly Growing Sub-Sectors in Nigeria’s Economy for Q1 2024

Nigeria's gross domestic product (GDP) grew by 2.98% in the first quarter (Q1) of 2024, up from 2.31% in the same period in 2023. However,...

APC chieftains in Bayelsa warns Tinubu against making alliances with Douye Diri

President Bola Ahmed Tinubu has been warned by the Stakeholders Forum of the All Progressives Congress in Bayelsa State "to be wary of any...

Apapa Customs generate N1.2tn revenue in seven months – NCS

The Apapa Port Command of the Nigeria Customs Service has achieved a remarkable feat, generating N1.2 trillion in revenue between January and July 2024. In...

Tinubu affirms fuel subsidy removal saved Nigeria from going bankrupt

On Sunday, President Bola Tinubu announced that if his administration hadn't stopped paying fuel subsidies, Nigeria would have gone bankrupt. Despite the policy's negative economic...

Food prices will crash soon, FG declares

The Federal Government officially unveiled that high food prices currently burdening the nation would soon crash based on its commitment to ensure food security...