President Bola Tinubu has officially presented the 2024 budget proposal for the Federal Capital Territory Administration (FCTA) to the House of Representatives for review and approval. The President’s letter, seeking legislative consideration of the budget, was read during Tuesday’s plenary session, although it did not contain specific budget estimates.
By sections 121 and 299 of the Nigerian Constitution of 1999, the Honourable Minister of the Federal Capital Territory has formulated the 2024 budget proposal for the FCT, which is now before the esteemed members of the National Assembly for their careful deliberation and endorsement.
The proposed budget has been meticulously crafted based on the revenue and expenditure priorities of the FCTA, aligning with the fiscal and developmental policies of the federal government and the Renewed Hope Agenda. Furthermore, it reflects the objectives outlined in the 2024/2026 economic recovery and growth plan, alongside key assumptions guiding the 2024 fiscal year.
Central to the budgetary focus are initiatives aimed at enhancing healthcare services, fostering job creation, empowering youth, and bolstering agricultural productivity to alleviate poverty among the populace.
President Tinubu expressed confidence in the House of Representatives to give due attention and prompt approval to the 2024 statutory budget proposal of the FCTA. He extended his sincere regards and appreciation for the anticipated cooperation and diligent consideration of the esteemed members.
Following the reading of the letter, Speaker Abbas Tajudeen, presiding over the plenary, directed the referral of the budget request to the Committee on Appropriation for thorough deliberation in preparation for its eventual passage.
The submission of the 2024 FCTA budget underscores the government’s commitment to prudent fiscal management and sustainable development in the nation’s capital, ensuring the delivery of essential services and infrastructure for the benefit of residents and stakeholders alike.