President Bola Ahmed Tinubu has requested for approval of N1.7 trillion as budget of the Federal Capital Territory (FCT) for the 2025 fiscal year.
The president in a letter addressed to Speaker of the House of Representatives, Hon. Tajudeen Abbas and read at plenary on Tuesday noted that the budget is designed to focus on key national priorities such as investment-driven growth, job creation, youth empowerment, enhanced security, and improved welfare for residents.
According to the president, 85 percent of the proposed capital expenditure is earmarked for the completion of ongoing projects within the FCT, while the remaining 15 percent will be allocated to new projects aimed at improving infrastructure and services across the capital.
He urged the House of Representatives to give the proposal “swift and favorable consideration to ensure the timely implementation of its provisions”.