The Senate on Tuesday passed N329.96 billion as the 2021 budget for the Federal Capital Territory (FCT).
The passage followed the consideration of the report of the Committee on Federal Capital Territory on the FCT Appropriation Bill, 2021.
Chairman of the committee, Senator Abubakar Kyari (APC, Borno North), said from the projected revenue of N329,963,491,523, the sum of N74,323,382,813 is for Personnel Costs; N58,728,614,466 for Overheads; and N196,911,494,243 for Capital Projects.
He said the overall performance of the FCT 2020 Statutory Budget Allocation was 88 percent as of 31st December 2020.
Kyari said most of the projects executed by the Federal Capital Territory Administration (FCTA) and the Federal Capital Development Administration (FCDA) were still ongoing “due to overbearing ineptitude of getting the Due Process Certificates on time.”
He said new and ongoing projects were not sufficiently funded due to delays in the release of funds, which he said was occasioned by bureaucratic bottlenecks.
