Highlight

N50bn of N61.55bn FCT supplementary budget released, Wike reveals

Persecondnews reports that the House of Representatives, had on December 1, 2023 approved N61.55 billion FCT supplementary budget following the passage of the 2023 Supplementary Appropriation Bill for the FCT.

859

The Federal Government has released N50 billion out of the N61.55 billion FCT’s supplementary budget, the Minister of the Federal Capital Territory (FCT), Nyesom Wike, has disclosed.

According to the minister, the funds released is for the completion of ongoing projects in the territory.

Wike, who disclosed this on Thursday during an inspection of projects in the nation’s capital, said the ministry is ready to collaborate with security agencies to install closed-circuit television cameras in the FCT to enhance security.

Persecondnews reports that the House of Representatives, had on December 1, 2023 approved N61.55 billion FCT supplementary budget following the passage of the 2023 Supplementary Appropriation Bill for the FCT.

Out of the total approved sum, N12.90 billion is for overhead costs while the balance of N48.65 billion is for capital expenditure.

Leave a comment

Related Articles

Mele Kyari at 60: A Rise from Almajiri School Pupil to GCEO of Nigeria’s Oil Giant, NNPCL 

In a heartfelt post on his X handle, Mallam Kyari expressed his...

Unveiling Éric Chelle: Five Things to Know About the Super Eagles’ New Helmsman

The Nigeria Football Federation (NFF) has made a significant breakthrough with the...

Tinubu’s administration pledges to protect journalists, uphold press freedom

In a bold affirmation of its commitment to press freedom, the Tinubu...

Nigeria’s Amina Mohammed, UN Deputy Secretary-General, on two-day official visit to Nigeria

The United Nations Deputy Secretary-General, Amina Mohammed, is set to embark on...

FG’s request to resume Kanu’s trial rejected as lawyer insists on Justice Nyako’s recusal

Aloy Ejimakor, lead counsel for Nnamdi Kanu, IPOB leader, has turned down...

Tinubu applauds Ghana’s democratic advancements, pledges Nigeria’s support

President Bola Tinubu has congratulated Ghana on its remarkable democratic progress, praising...

Ghana’s newly inaugurated President, Mahama mistakenly refers to Tinubu as Ghana’s President

Ghana’s newly inaugurated President, John Mahama, made a slip-up during his speech...

Naira hits new low, slumps to N1,665/$1 in parallel market despite official market gains

The Nigerian Naira on Monday depreciated to N1,665 per dollar in the...

Retired military personnel stage protest, shut down Finance Ministry operations in Abuja

Retired military personnel took a bold stand on Tuesday, blocking the entrance...

US Congress Certifies Trump’s 2024 Presidential Election Victory, Paves Way to White House

The United States Congress has officially certified Donald Trump’s victory in the...

Massive purge at EFCC: 27 corrupt officers relieved of their duties

The Economic and Financial Crimes Commission (EFCC) has taken a bold step...

Just in: Justin Trudeau to step down as Canadian Prime Minister

Canadian Prime Minister Justin Trudeau has announced plans to step down as...

Resit opportunity for candidates: WAEC unveils new policy

The West African Examinations Council (WAEC) has introduced a game-changing initiative that...

Port Harcourt, Warri refineries’ resuscitation: Human right lawyer, activist, Deji Adeyanju, lauds Pres. Tinubu

Human right lawyer and activist, Mr. Deji Adeyanju, has written a letter...

Woman accused of threatening Seyi Tinubu, IGP, gets N10m bail

Justice Emeka Nwite of the Federal High Court in Abuja has granted...

Governors snubbed us: Tax committee chairman refutes lack of consultation claim

The Chairman of the Presidential Advisory Committee on Fiscal Policy and Tax...

We must end decade-long security challenges in Nigeria in 2025 – Gen. Musa

After more than a decade of battling banditry, terrorism, and other security...

Tinubu departs Lagos for Ghana’s President-elect John Mahama’s inauguration Jan. 7

President Bola Tinubu is set to depart Lagos on Monday, for Accra,...

Exclusive: From Tears to Triumph: Super Falcons Star Chidinma Okeke’s Inspiring Rise to Global Football Stardom

Super Falcons’ Chidinma Okeke has opened up about her turbulent path to...

End of the road: Notorious drug queen and Lagos socialite, Iya Ruka, busted

After evading capture for several years, 61-year-old wanted queen of drugs and...