• Privacy Policy
  • Terms
  • About us
  • Contact Us
Tuesday, February 7, 2023
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

FCT minister presents N64b budget for 2022

The Matters Press by The Matters Press
November 10, 2021
Reading Time: 2 mins read
0
FCT minister presents N64b budget for 2022

RELATED POSTS

Agriculture accounts for 23.78% of GDP

3 ships discharge frozen fish at Lagos ports – NPA

NUPRC gazettes 5 oil industry regulations, completes 6 others

The Minister of Federal Capital Territory, Mr Mohammed Bello, has presented the sum of N64,861,604,695.00 as budget for 2022, tagged, “National Priority Projects’’.

Mr Anthony Ogunleye, Chief Press Secretary to the minister, in a statement on Tuesday in Abuja, said presented the FCT’s 2022 National Budget to the Joint Senate and House Committees on the FCT at the National Assembly.

The minister explained that the figure was contained in the 2022 Appropriation Bill presented to the National Assembly by President Muhammadu Buhari on October 7, 2021.

Bello added that the National Budget estimates of the FCT leveraged the 2021-2022 Medium Term National Plan (MTNDP) of the Federal Government.

He also said that the priority of the of the MTNDP was the completion of on-going critical projects that would have the greatest impact on the citizenry.

ALSO READ  Eswatini for $140m Afreximbank’s credit

According to him, the 2022 FCT budget estimates targets the sustained completion of 18 priority projects both within the Federal Capital City (FCC) and the satellite towns.

” Some of these priority projects include the installation of solar street lights along various roads in the satellite towns; provision of roads, water and electricity supplies to the resettlement site of Galuwyi Shere (Phase II).

” Rehabilitation and upgrading of street lighting facilities within the FCC; Design/ construction of dam, treatment plant, tanks and other bulk water supply infrastructure to Karshi; Abuja Light Rail Transit Phase II Addendum 1-2 (2)

” And the Rehabilitation of Federal Government Buildings amongst others,” he said.

Speaking further on the importance of some of the projects, Bello said that the construction of the Mpape –Shere Galuwyi road was a bold initiative of the FCT Administration to ensure a successful resettlement process of original inhabitants in about 16 communities.

ALSO READ  FCT in darkness over poor power supply

” While the implementation of the Abuja Light rail Mass transit Phase II Addendum 1-2 (2) will fund the completion of a remaining 5.76km rail line thereby extending the rail line from Baizango to the Kubwa station.”

He said that the Greater Abuja Water supply project was a bilateral initiative to enhance water supply in the FCT and its implementation would extend the supply of potable water to 33 Districts covering Gwarimpa, one and two Utako, Dutse, Gudu Kaura, Wuye, Mabushi, Jahi, Kado , Karmo, Lokogoma, Kabusa, Dape amongst others.

On the performance of the 2021 National Budget, Bello said that the 2021 Appropriation Act had allocated the sum of N37, 430,762,421.00 for infrastructure development activities of the FCT Administration as of date.

ALSO READ  FCT moves against tax defaulters

The minister said, a total sum of N30,147,069,087.06 had been released representing a budget performance of 81 per cent.

” While the actual utilisation as at September 30 2021 stood at N18,350, 329,852.46 representing 60% of the sum released.”

Bello disclosed that there was a need to increase the FCT’s budgetary allocation, saying that the FCT should be considered as a national project.

He also said that the FCT was performing well in its revenue generation drive as it was now only second to Lagos State in Internally Generated Revenue (IGR).

Members of the FCT team to the National Assembly includes; the FCT Minister of State, Dr Ramatu Aliyu, FCT Permanent Secretary, Mr Olusade Adesola, Chief of Staff to the FCT Minister

Tags: FCT
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria to rebase CPI, GDP
Economy/Technology

Agriculture accounts for 23.78% of GDP

February 7, 2023
Council seeks incentives to boost indigenous ship operations
Economy/Technology

3 ships discharge frozen fish at Lagos ports – NPA

February 7, 2023
Chevron, NNPC secure $1.4bn for drilling project
Economy/Technology

NUPRC gazettes 5 oil industry regulations, completes 6 others

February 7, 2023
Food shortage: Nigeria bans foreigners from direct purchase of produce from farmers
Economy/Technology

Food traders lament spoilage due to low patronage as banknotes crunch bites harder

February 7, 2023
FIRS deploys tech platform for tax collection
Economy/Technology

LIRS, FIRS sign pact on tax audit

February 7, 2023
Trading in Nigerian stock market dips further N83bn
Economy/Technology

Stock market extends gains by N81bn

February 7, 2023
Next Post
Africa exceeds $3bn investment on startups

Africa exceeds $3bn investment on startups

Nigeria, WFP worry over food situation

Nigeria initiates ``operation feed yourself’’

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Varsities to meet on Centres of Excellence

Universities approved to operate distance learning centres

March 24, 2022
Unity Bank posts N27.6bn gross earnings

Unity Bank posts N27.6bn gross earnings

July 30, 2022
Obasanjo campaigns for AfCFTA

Obasanjo’s burnt farm: Benue state didn’t compensate owners of land

February 3, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Agriculture accounts for 23.78% of GDP
  • 3 ships discharge frozen fish at Lagos ports – NPA
  • NUPRC gazettes 5 oil industry regulations, completes 6 others

Categories

  • Economy/Technology
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?