Wed. Apr 24th, 2024

President Tinubu Approves 2024 FCT Statutory Budget Exceeding ₦1Trn

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President Bola Tinubu has given his approval to the Federal Capital Territory’s statutory budget exceeding ₦1.1 trillion for the 2024 fiscal year.

The minister of the FCT, Nyesom Wike disclosed this during a media chat in his Abuja office on Tuesday.

An analysis of the breakdown of the N1.1 trillion budget reveals that ₦280 billion is allocated for overhead expenses, ₦726 billion for capital projects, and ₦140 billion for personnel costs, making the total budget amount to ₦1.147 trillion.

The Minister promised judicious use of the budgetary allocation.

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