Reps Approves N579.6BN FCTA 2023 Budget
By: Sunday Shekwonya
The House of Representatives has approved the sum of N579,693,907,532.00 for the Federal Capital Territory Administration (FCTA) as its expenditure for the 2023 fiscal year.
The budget, which was passed for third reading at plenary comprises N78,135,703,531.00 for personnel costs; N122, 513,919,180.00 for overhead costs, while the balance of N379,044,284,822.00 is for capital projects.
The House unanimously approved the third reading of the bill via voice vote after the Deputy Majority Leader, Peter Akpatason, moved the motion to that effect.
Speaker, Femi Gbajabiamila, passed the bill for third reading following the approval by the House of Representatives.
The budget is expected to run from 1st day of January, 2023 to 31st day of December, 2023.