President Bola Ahmed Tinubu has written to the House of Representatives to present the 2025 budget of the Federal Capital Territory (FCT) for consideration and passage.
The President presented the FCT budget in a letter addressed to the Speaker, Abbas Tajuddeen, which he read at the plenary on Tuesday.
It reads, “Pursuant to section 299 of the constitution of Federal Republic of Nigeria, 1999 as amended, which based legislative powers over the Federal Capital Territory, FCT Abuja on the National Assembly. I hereby present the 2025, FCT budget proposal to the House of Representatives for consideration.
“The 2025 FCT budget proposal prioritize investment in healthcare services, job creation, youth empowerment, social welfare services, education infrastructure, as well as increase in productivity in agriculture.
“Our objective is to lift, as many of our citizens out of poverty, as we can.
“The house Representatives is invited to know that, on the basis of revenue focused for the FCT. A total expenditure of 1,783,823,708,392 trillion is propose for the year 2025.
“As such, 85% of capital expenditure is dedicated to the completion of ongoing projects while 15% is for new capital projects so as to sustain ongoing efforts at providing basic infrastructure and social amenities in the FCT.
“I hereby forward the 2025 FCT statutory proposals and trust that it would receive expeditious consideration and passage by the house of representatives”.