JUST IN: Senate passes N1.282trn FCT 2024 budget
The Senate on Tuesday, March 19, passed the sum of N1.282,270,710,283.00 as the budget of the Federal Capital Territory (FCT) for the 2024 fiscal year.
The passage of the budget followed the adoption and approval of the recommendations in the harmonized report of the Senate and House of Representatives Committees on FCT on the 2024 FCT statutory Appropriation Bill at plenary.
The chairman of the Senate Committee on FCT, Senator Ibrahim Bomoi, presented the report.
Of the amount, the sum of N140,915,003,856.00 is for personnel cost while N373,027,373,668.00 is for overhead cost.
The balance sum of N768,328,232,759.00 is for capital projects for the FCT financial year commencing from 1st January to 31st December 2024.
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