The sum of N329,963,491,523 billion has been passed by the senate as a budget for the FCT for year 2021.
The Special Assistant (Press) to President of the Senate, Ezrel Tabiowo disclosed this in a statement on Tuesday.
This follows the consideration of the report of the Committee on Federal Capital Territory on the FCT Appropriation Bill, 2021.
The Chairman of the Committee, Senator Abubakar Kyari (APC, Borno North) in the statement said from the projected revenue of N329,963,491,523, N74,323,382,813 is for Personnel Costs; N58,728,614,466 for Overheads; and N196,911,494,243 for Capital Projects.
Senator Kyari revealed that the overall performance of the FCT 2020 Statutory Budget Allocation was 88 per cent as of 31st December.
He further disclosed that most of the projects the Federal Capital Territory Administration (FCTA) and the Federal Capital Development Administration (FCDA) executed were still not finished “due to overbearing ineptitude of getting the Due Process Certificates on time.”
Kyari also observed that new and ongoing projects were not sufficiently funded due to delays in the release of funds.