• Sunday, June 23, 2024
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2016 budget: Senate approves N241bn for FCT  

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The Senate has just approved the sum of N241,455,285,471 for the Federal Capital Territory (FCT) for 2016 fiscal year.

From the amount, N52,982,280,360 is for personnel costs; N34,388,260,823 for overhead costs while the balance of N154,084,744,288 is for capital expenditure.

The budget was passed following the approval of the report of the Committee on FCT presented by Chairman of the Committee, Dino Melaye (APC, Kogi West).