Second reading of N607bn FCT budget passes in the Reps

The Federal Capital Territory’s N607,952,023,580.00 budget estimate for the fiscal year 2022 was approved by the House of Representatives on Wednesday for second reading.

The bill’s sponsor, Hon. Peter Akpatason, the Deputy Majority Leader of the House, stated that of the entire money, N76,569,904,857.00 will go toward staff expenditures, N138,199,851,110.00 will go toward overhead costs, and the remaining N393,182,267,614.00 will go toward capital projects.

According to him, the budget was created for the fiscal year that began on January 1 and ended on December 31, 2022.

The bill’s full title read, “Bill for an Act to Authorize the Issue from the Federal Capital Territory Administration’s Statutory Revenue Fund of the Federal Capital Territory Administration Account, the Total Amount of N607,952,023,580.00 (Six Hundred and Seven Billion, Nine Hundred and Fifty Two Million, Twenty Three Thousand, Five Hundred and Eighty Naira) Only, of which the Amount of N76,569,904,857.00 (Seventy Six

The remaining amount of N393,182,267,614.00 (three hundred and ninety three billion, one hundred and eighty two million, two hundred and sixty seven thousand, six hundred and fourteen naira) is for capital projects; for the service of the Federal Capital Territory, and the sum of N138,199,851,110.00 (one hundred and thirty eight billion, one hundred and ninety nine million, eight hundred and fifty one thousand, one hundred and ten naira) only is for

In related news, the members of the Committee of the Whole reviewed and approved the Senate report for a Bill to Establish the Nigeria Hunters and Forest Security Service (NHFSS) to Prevent, Combat, and Enhance Security inside Nigerian Forests.