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    Kapital FM 92.9 The Station that Rocks!


Wike Presents N17.109b Budget To NASS

todayDecember 16, 2023 53

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By Remi Johnson

The Minister of the Federal Capital Territory, Nyesom Wike has presented the 2024 National Appropriation Bill of N17,109,746,531.00 before a joint session of the Senate and House committees on FCT.

Apart from the over N61bn supplementary budget, this is the Minister’s first budget presentation in office as the 17th Minister of the Federal Capital Territory.

He said the budget if passed, would help to complete critical projects in the Federal Capital City and the Satellite towns.

The N17.109bn is FCT’s share from the N27.5 trillion 2024 budget presented by President Bola Tinubu before the National Assembly, recently.

Wike revealed that the sum of N5 billion was allocated as a counterpart fund for the Greater Abuja Water Supply project and N4.5 billion for the design and construction of Nigeria’s Cultural Centre and the Millennium Tower.

He disclosed that N3 billion was allocated for the rehabilitation of the Federal Secretariat, while N4 billion was allocated for the completion of the Vice President’s Residence.

According to Wike, ” N609.7 million is for settlement of residential and office accommodation for international organisations in FCT”.

“The money is just N17.1 billion, so what can I say other than to say, please help us pass it”.

Speaking on the performance of the 2023 budget, Wike said that a total of N15.474,499,132.00 billion was appropriated for infrastructural development, which he said only N8 billion has so far been released representing the 52%.

Chairman Senate Committee on FCT, Ibrahim Bomai, who spoke on behalf of the House of Representatives members, said the amount was not enough for completion of ongoing projects, especially the Abuja Greater water works.

Bomai urged members of the joint session of the committees to consider the minister and allow him take a bow and go, which they accepted.

Edited By Grace Namiji

Written by: Bukky Alabi

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