By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Senate Passes N241bn FCT 2016 Budget
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Senate Passes N241bn FCT 2016 Budget

Farouk Mohammed
By Farouk Mohammed
Published: July 20, 2016
Share
2 Min Read
SHARE

Senate-New-1-2-1-1-1-1

The Senate on Wednesday, passed the harmonised N241 billion budget of the Federal Capital Territory (FCT) for 2016.

The passage of the budget followed presentation of report of the Committee on FCT by the Chairman, Sen. Dino Melaye.

Melaye said that from the amount, the sum of N52.9 billion was for personnel cost, N34.4 billion as overhead costs, while balance of N154.1billion was for capital expenditure.

- Advertisement -

He said that 80 per cent of the capital expenditure figure was for the completion of abandoned projects.

He stated that while the territory’s 2015 budget had only 61 per cent budget performance, the committee had projected a minimum of 85 per cent to 90 per cent budget performance in 2016.

The budget was approved through a unanimous adoption in a voice vote.

In his remarks, the President of the Senate, Dr Bukola Saraki, called for adequate implementation of the budget.

- Advertisement -

He urged the executive to ensure that monies for various projects were adequately released and utilised.

The News Agency of Nigeria (NAN) reports that breakdown of the capital component of the budget showed that Federal Capital Development Agency (FCDA) Engineering Services got N70.5 billion.

The Satellite Towns Development Agency (STDA) got N21.7 billion, while FCT Administration received N2.7 billion.

Also, FCT Water Board was allocated N1.3 billion, Abuja Environmental Protection Board (AEPB), N1.06 billion; Public Buildings, N12.4 billion and Resettlement and Compensation Department, N3.5 billion.

The FCT Treasury received N1.2 billion, Land Administration Department, N474 million; FCT Directorate of Muslim Pilgrims Affairs, N266 million and FCT Directorate of Christian Pilgrims Affairs, N161million.

Similarly, Urban and Regional Planning got N258 million, Survey and Mapping, N722 million; Mass Housing Department, N72 million; FCDA Procurement Department, N43.6 million. (NAN)

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:FCT 2016 BudgetSenate
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article I Have The Right To Taste My Daughter – Father Defends Himself After Rape
Next Article Military Has Defeated Boko Haram Insurgents In the North-East – Dambazau

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Rate

Okay.ng Logo
Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Updated: 2 days ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Dangote Refinery Unveils N720bn CNG Truck Fleet to Slash Fuel Costs, Save Nigeria Over N1.7trn Annually
Energy & Oil
Nigerian Troops Neutralize Terror Kingpin Mai Dada, Recover Arms in Multi-Region Operations
Security
NNPP Welcomes Possibility of Rabiu Kwankwaso Joining APC Amidst Ganduje’s Resignation
News
Tinubu’s State Visit to Saint Lucia Marks Historic Diplomatic and Cultural Engagement, Presidency Clarifies
International News
President Bola Tinubu Suspends Implementation of Financial Reporting Council Amendment Act 2023
News
- Advertisement -
Ad imageAd image

You May Also Like

News

Aminu Dantata to be Buried in Madinah After Saudi Approval

Muhammad A. Aliyu
Muhammad A. Aliyu
June 29, 2025
CrimeVideo

VIDEO: NDLEA Issues Strong Advisory to Travellers Against Carrying Unknown Bags

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
News

SERAP Demands Transparency from Nigeria’s Governors on Security Vote Spending

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?