Minister says N241Bn budgeted for 2016

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June 10, 2016 9:24 AM

The FCT Administration in Abuja has proposed to spend the sum of N241, 467,231,031 in the 2016 fiscal year for its capital and recurrent expenditures.

Minister of the Federal Capital Territory, FCT, Mallam Mohammed Bello

The FCT Minister, Malam Muhammad Musa Bello said this on Thursday, June 9, 2016 during the defence of the 2016 FCT Statutory budget before the Senate Committee on FCT at the National Assembly Complex, Abuja.

The minister revealed that out of the N241,467,231,031 proposed, a total sum of N149,056,610,051 which represents 61.73 percent goes to capital expenditure.

Malam Bello revealed that the personnel cost gets N52, 371,352,360 which also represents 21.69 percent of the total expenditure.

According to him, the overhead is the least with N40, 039,268,620 out of the N241, 467,231,031 which is 16.58 percent.

While stating that 2016 budget is a sharp departure from the previous ones because of the importance his administration attaches to infrastructural development of the entire Federal Capital Territory, the minister revealed that N2,400,000,000 has been set aside for debt servicing.

A statement issued by a Chief Press Secretary, Muhammad Sule Hazat stated that the FCT Minister assured that the cleanliness of Abuja remains a top priority of his Administration.

“That is why there was a complete change of leadership at the Abuja Environmental Protection Board (AEPB) which is now being assisted with an enforcement team of 200 security personnel drawn from the Nigeria Police Force and Nigeria Security and Civil Defence Corps led by a retired Squadron Leader,” the statement said.

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