President Bola Ahmed Tinubu has forwarded One trillion point seven billion Naira Federal Capital Territory, FCT 2025 Budget Proposal to the House of Representatives for Consideration.
The budget was contained in a letter read on the floor of the house by the Speaker House of Representatives Mr.Tajudeen Abbas.
President Tinubu noted that eighty five percent of the capital expenditure of the proposal is dedicated to the completion of the ongoing projects in the nation’s capital while the remaining fifteen percent is for new projects.
According to President Tinubu, the 2025 FCT Budget Proposal is centered on investments, job creation, Youth empowerment, security of lives and property and Provision of welfare to the citizens.
“I hereby present the 2025, FCT budget proposal to the House of Representatives for consideration the 2025 FCT budget proposal prioritize investment in healthcare services, job creation, youth empowerment, social welfare services, education infrastructure, as well as increase in productivity in agriculture.
“Our objective is to lift, as many of our citizens out of poverty, as we can.
“The House of Representatives is invited to know that, on the basis of revenue focused for the fct, A total expenditure of 1,783,823,708,392 trillion is propose for the year 2025
“As such,85% of capital expenditure is dedicated to the completion of ongoing projects while 15% is for new capital projects so as to sustain ongoing efforts at providing basic infrastructure and social amenities in the FCT
“I hereby forward the 2025 FCT statutory proposals and trust that it would receive expeditious consideration and passage by the house of representatives”, the letter read.
President Tinubu solicited for the green Chamber’s speedy consideration of the 2025 FCT Budget Proposal.