President Bola Ahmed Tinubu has presented a budget of N1, 783,823,708,309 as the 2025 budget of the Federal Capital Territory (FCT) to the National Assembly for consideration and passage.
In a letter from the President read on the floor by the 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 vests the legislative function of the FCT on the National Assembly.
He said the budget will prioritise investment in health, job creation, social welfare, increase agricultural production and capital development.
According to him, 85 percent of the capital component of the budget will be dedicated to completing ongoing projects, while the remaining 15 percent will go for new projects.
He appealed to the lawmakers to expedite action in the passage of the budget.
