FCT’s budget of N607bn scales 2nd reading

The bill seeking for an Act to authorise the issue of N607,952,023,580 from the Federal Capital Territory Administration’s Statutory Revenue Fund has scaled second reading at the House of Representatives.

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The proposed budget is for the service of the FCT for the financial year commencing from Jan. 1 and ending on 31 December, 2022.

Presenting the Bill for second reading, the House Deputy Majority leader, Rep. Peter Akpatason said out of the amount, N76.6 billion was for personnel costs.

He said that N138 billion was for overhead costs while the balance of N393.1 billion was allocated for capital projects.

Akpatason said the amount was for the financial year commencing from Jan. 1 and ending on Dec. 31st 2022.

Also, the lawmakers during its committee of the whole, considered and adopted the Senate report for a Bill for an Act to Establish Nigeria Hunters and Forest Security Service (NHFSS).

This is to prevent, combat forest crimes and enhance security within Nigerian Forests.