The House of Representatives has passed the 2024 supplementary budget of N98.5 billion for the Federal Capital Territory Administration.
President Bola Ahmed Tinubu had in a recent conversation to the parliament, requested for the approval of the supplementary appropriation, saying it was meant to take care of critical infrastructure in the capital city.
Chairman of the House Committee on Federal Capital Territory, Hon. Aliyu Mukthar Betara, who presented the report of the committee to the House for consideration on Thursday, said the Committee scrutinised the presentation by the President and arrived at the conclusion that the money was needed to develop certain infrastructures in the federal capital.
The Bill was for an Act to Authorise the issue from the Federal Capital Territory Administration’s Statutory Revenue Fund, the total sum of N98,500,000,000 (ninety eight billion, five hundred million) only for Capital Projects; for the Service of the Federal Capital Territory, Abuja, for the Financial ending December 31, 2024″
The report of the committee as presented by Betara was unanimously adopted by the House at the committee of supply, including specified conditions under which funds can be issued from the FCTA Consolidated Revenue Fund.
