President Bola Ahmed Tinubu has presented a budget of N1,783,823,708,309 as this year’s Appropriation Bill of the Federal Capital Territory (FCT) to the National Assembly for consideration and passage.
In a letter read on the floor of the House by Speaker Abbas Tajudeen, the President said the budget presentation to the National Assembly was in line with the provisions of Section 299 of the Constitution which vest the legislative function of the FCT on the National Assembly.
He said the budget would prioritise investment in health, job creation, social welfare, increase agricultural production and capital development.
According to him, 85 per cent of the capital component of the budget will be dedicated to completing ongoing projects, while the remaining 15 per cent will go for new projects.
He urged the lawmakers to expedite action in the passage of the budget.