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Senate passes N98.5bn FCT supplementary budget

by Catherine Agbo
June 11, 2024
in Business Scene
0
Senate screens Tinubu’s ministers 
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The Senate has passed the 2024 Federal Capital Territory (FCT), Supplementary Appropriation Bill of N98.5 billion.

The bill was passed at plenary on Tuesday, following presentation and adoption of a report of the Committee on FCT by the Vice Chairman, Sen. Osita Ngwu (PDP-Enugu).

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Ngwu stated that in line with the provisions of the 1999 Nigeria Constitution as amended, the 2024 FCT statutory supplementary appropriation bill was read the first time on May 15 and following conclusion of the second reading on June 6, the bill was referred to the committee on FCT for further legislative action.

He further said in accordance with sections 62, 80 ,88,89 and 299 of the 1999 constitution as amended, the committee met with the FCT minister and other relevant officials of FCT administration and deliberated on modalities to process the budget.

Ngwu said the FCT administration proposed N98.5 billion for the 2024 FCT statutory supplementary appropriation, which is to be used to augment priority areas of the FCT statutory appropriation capital expenditure.

He said the committee recommended for approval of N98.5 billion for 2024 FCT statutory supplementary appropriation, adding that in considering the budget, the committee worked harmoniously with the House of Representatives to present one version of the appropriation bill for consideration of Senate.

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