By Deborah Nnamdi
President Bola Tinubu on Tuesday submitted a N1.78 trillion budget proposal for the Federal Capital Territory (FCT) to the House of Representatives, calling on lawmakers to expedite its approval to support essential development initiatives.
The N1,783,823,708,309 proposal was conveyed through a formal letter to the Speaker, which was read aloud during the House plenary in Abuja.
Tinubu noted that the budget submission aligns with Section 299 of the Nigerian Constitution, which authorizes the president to present the FCT budget to the National Assembly.
“The passage of the budget would facilitate investment in health and social welfare, increase agricultural production, and improve the creation of jobs,” he wrote.
Highlighting the budget’s priorities, Tinubu revealed that 85% of the total allocation would be directed toward completing ongoing infrastructure and development projects, while the remaining 15% would fund new initiatives.
“I urge the National Assembly to give this budget the urgent attention it deserves, in the interest of accelerating development within the FCT.”
The proposed budget is one of the largest ever for the FCT.
