Senate Passes N1.8trn FCT Budget, Rivers N1.481trn Proposal Scales Second Reading

Sunday Aborisade in Abuja

The Senate yesterday considered and passed the N1, 814,073,708,392.00 Federal Capital Territory 2025 Budget Proposal.

This followed the consideration of the report of the Committee on the Federal Capital Territory (FCT) and FCT Area Councils & Ancillary Matters on the Appropriation Bill, 2025.

The Senate approved the authorisation from the Federal Capital Territory Administration’s Statutory Revenue Fund of the Federal Capital Territory Administration Account, the total sum of N1,814,073,708,392.00.

The Sum of N150,353 ,906,168.00 is  for Personnel Costs; and the Sum of N352,029,677,448.00 is for Overhead Costs while the balance of N1,311,690, 124,776.00  is for Capital Projects.

Also, the Senate, yesterday, passed for second reading, a Bill seeking to authorise the issue out of the River State Consolidated Revenue Fund, the total sum of N1.481 only for the year ending on the 31st day of December, 2025.

Bamidele said the budget was specifically for the Emergency Rule Government of Rivers State, aimed at providing essential services such.

The sum of N 324 billion was allocated for road projects and public transportation upgrades

He said nearly N32 billion was earmarked for agricultural transformation to boost youth engagement in farming.

The Senate Leader added that over N75.6 billion was allocated for improving learning environments and ensuring access to free basic education

He said N166.5 billion (14.4% of the budget) was  set aside for major healthcare projects, including completing zonal hospitals and general hospitals.

He also said that approximately N6.2 billion allocated for digital resource centers, sports development, adding that Women Affairs is N 5.2 Billion was earmarked for social inclusion.