Business

Senate Passes FCT N607.9bn 2022 Appropriation Bill

The Evangelist
December 1, 2022

The Senate on Wednesday, passed the Federal Capital Territory (FCT) N607.9 billion 2022 Appropriation Bill.

This followed the adoption of the harmonised report of the Senate and House of Representatives Committee on FCT at plenary.
Presenting the bill, the Chairman of the committee, Sen. Smart Adeyemi, said that the budget was in the sum of N607,952,023,580.

He said that the budget had provisions for the creation of a new district- Maitama II in the FCT. “Already, the Bureau for Procurement Procurement (BPP) has issued a c/Certificate of No Objection.

“One of the indigenous companies is recommended to commence the construction of Maitama II.

“For the first time in recent times, indigenous companies are going to be more involved in the construction of projects that are within their powers to do so that we can keep our economy moving,” he said.

“We propose that this budget should run concurrently the with 2023 budget when passed till June.

“This is to ensure that money is expended on the projects that have been approved by the two Chambers because of the global economic recession.

“Thera e is a need to inject funds into the economy so that companies do not retrench,” he said.

Contributing, Senate Minority Leader, Philip Aduda, called for early passage e of the FCT budget.

“If we can pass the national budget, I don’t see any reason why the FCT budget should not be brought early and for the passage for the people of the FCT to benefit from it.

“The whole shade of Nigeria is represented in the FCT and everybody is interested in what happens in FCT. So I urge my colleagues to ensure the passage of this budget,” he said.

Also, Sen. Matthew Urhoghide (PDP-Edo) said there were too many projects in the FCT that were moribund.

“The Apo-Asokoro Road has been under construction for over three years. This should be given adequate attention now that the capital budget of the FCT has been increased,” he said.

Senate Minority Whip, Chukwuka Utazi called for the development of the satellite towns in order to decongest the city centre.

Related Articles

0 Comments

No Comment.

Back to top button